Monday, 7 August 2023

Crude Oil Crossroads Ahead as Markets Eye New Highs. Will WTI Overcome Resistance?

Crude oil prices have been approaching recent highs this week and a new peak might confirm the bullish trend, but a failure might see crude vulnerability unfold. Where to for WTI?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...