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Crude Oil Forecast: OPEC+ in Focus as 3-Month Price Rally Looks to Extend into July


Crude Oil Forecast: OPEC+ in Focus as 3-Month Price Rally Looks to Extend into July
2021-07-01 02:00:00
Thomas Westwater,
Analyst
Crude Oil, OPEC+, Economic Recovery – Talking Points
Crude oil prices look to extend multi-month rally into July
OPEC+ ministers meet today to decide on August production
Technical outlook biased for further upside on momentum
Aided by a robust global recovery and a disciplined OPEC+ production schedule, crude oil prices extended 10.78% higher in June, capping off an impressive three-month rally. The Organization of Petroleum Exporting Countries and allies, otherwise known as OPEC+, will meet today to announce the group’s August production target. ....

Saudi Arabia , Thomas Westwater , Oil Daily , Organization Of Petroleum Exporting Countries , Crude Oil , Economic Recovery , Petroleum Exporting Countries , Ascending Triangle , Exponential Moving Average , சவுதி அரேபியா , தாமஸ் மேற்கு நீர் , எண்ணெய் தினசரி , ஆர்கநைஸேஶந் ஆஃப் பெட்ரோலியம் ஏற்றுமதி நாடுகள் , கச்சா எண்ணெய் , பொருளாதார மீட்பு , பெட்ரோலியம் ஏற்றுமதி நாடுகள் , ஏறுதல் முக்கோணம் , அதிவேக நகரும் சராசரி ,

Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD Technical Setups


Australian Dollar Analysis: AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD Technical Setups
2021-05-23 08:00:00
Daniel Dubrovsky,
Strategist
Australian Dollar, AUD/USD, AUD/JPY, AUD/CAD, EUR/AUD – Weekly Technical Outlook
Australian Dollar remains in broad consolidation, signals mixed
AUD/CAD may aim lower, EUR/AUD facing triangle breakout
AUD/USD - Neutral
The Australian Dollar continues to consolidate against the US Dollar, but the near-term bias could remain tilted to the upside. In April, AUD/USD broke above a Descending Triangle chart pattern, offering a bullish technical bias. While prices remain higher, upside momentum has been fading. Immediate support seems to be the 100-day Simple Moving Average. That could keep the bias tilted higher, bringing the 0.7849 – 0.7891 resistance zone into focus. Otherwise, the floor of the triangle stands between 0.7532 – 0.7583. ....

Daniel Dubrovsky , Australian Dollar , Weekly Technical , Descending Triangle , Simple Moving , Dollar Analysis , Ascending Triangle , Falling Wedge , ஆஸ்திரேலிய டாலர் , வாராந்திர தொழில்நுட்ப , இறங்கு முக்கோணம் , எளிய நகரும் , டாலர் பகுப்பாய்வு , ஏறுதல் முக்கோணம் , வீழ்ச்சி ஆப்பு ,