Oil Price Rebound Undermined by Negative Slope in 200-Day SMA
The 200-Day SMA ($38.75) undermines the recent rebound in the price of oil as the simple moving average continues to track the negative slope from earlier this year.
Tag Archives: Share Trading
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Weekly US Dollar Technical Forecast: Falling Below Multi-Year Uptrend Support
The DXY Index is mired in a bearish technical quagmire as the fundamentals winds begin to shift to a headwind.
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Gold Price Forecast: XAU/USD Recovery Faces First Test
Gold prices surged 4.2% off the September lows with the rally now approaching downtrend resistance. Here are technical levels that matter on the XAU/USD weekly chart.
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