Oil price is soaring as OPEC sharply cuts output, according to the ANZ bank. Easing COVID-19 lockdown could bring recovery for the current oil situation.
Gold price rose today and continue recovering losses from the previous session. Gold holding the bullish momentum above $1700 area, will XAU recover high?
Oil price dropped after rejecting a $27.50 event area today during the Asian session. Oil is facing bearish pressure below $27.50, can WTI reach $36?
The price of bitcoin saw a correction below 7000 as the WTI crude oil futures dropped. Bitcoin barely flinched as negative oil prices sent shockwaves.
In this week's forex market outlook, investors will turn to the preliminary PMIs for April as coronavirus continuing to dominate market attention
WTI Crude Oil price is struggling to Break Above $25 Triangle Resistance level. WTI has been quite volatile and corrective while residing below $25.
CADJPY price has sold off aggressively in the past few weeks before rebounding somewhat. WIll the pair decline as oil prices head lower?
Oil correction continues below $32.30 area may sustain further. After a failed attempt to fill up the Bearish gap, Oil decline lower towards $31.10 area.
Crude oil prices may continue higher towards $50.50 area soon. The XBRUSD pair bounced higher after rejecting $45 area with a strong Bullish close.
Oil started week below $45 and may bounce higher. Oil is currently residing near $46 area and may continue to push higher toward $50.50 again.