WTI Crude Oil: Will Energy Demand Match Production Increases
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The NASDAQ 100 has gone back and forth during the trading session on Thursday, showing signs of resiliency, but also not necessarily looking overly bullish.
The Euro has pulled back a bit during the trading session again on Thursday but then turned around to show signs of strength later in the day.
The British pound has rallied a bit during the trading session on Thursday, breaking above the 200 day EMA but given back the gains later in the day.
The S&P 500 has gone back and forth during the trading session on Thursday to form a neutral candlestick, which of course is somewhat bullish considering how the market has behaved recently.
The West Texas Intermediate Crude Oil market went back and forth during the trading session on Thursday again, putting people to sleep.
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Silver markets have initially fallen during the trading session on Thursday to reach down towards the $22 level.
The US dollar initially rallied a bit against the Indian rupee yet again during the trading session on Tuesday as we continue to grind higher from the ₹73 level.
The US dollar has gone back and forth during the trading session on Thursday, as we have had an argument as to which direction, we are going next.
The Australian dollar fell a bit during the trading session on Thursday, reaching down towards the crucial 0.70 level.
Gold markets have initially fallen during the trading session but turned around quite nicely later in the day on Thursday as the US dollar got sold off in late New York trading
Mexico continues to report over 4,500 new Covid-19 infections daily, posing an ongoing health risk to Latin America’s second-biggest economy behind Brazil.