WTI technical analysis: Capped below the daily 200-Experiential Moving Average

The price of a barrel of oil, (WTI), was capped below the daily 200-Experiential Moving Average on Tuesday in a consolidation of the 18th June rally.

On the downside, bears can target back down to the 200 weekly EMA (last week's low) and the 61.8% Fibo around the 52 handle. Lower down, there are prospects for a correction to back towards the14th Jan 50.41 low and then the 26th November lows at 49.44. On the upside, the 200-D EMA guards a run to the May highs of $59.67 in close proximity of the $60 psychological level.

Jun 26, 2019

USD/IDR technical analysis: Pullback from 100-DMA highlights near-term support-line, 23.6% Fibo.

Having registered another failure to cross 100-day moving average (100-DMA), USD/IDR drops back to 14,125 during early Wednesday in Asia.

Fed to cut rates in July and September - NAB

The US Federal Reserve will likely cut rates by 25 basis points in July and September and the riks is slanted toward the central bank making more rate