The pair found support at the target level of 1.2065, but it remains in a short-term uptrend. Amid improving market sentiment, the pair may grow locally today.
Technical side:
The price is located below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the …
#ABT
The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and the moving averages of the Stochastic Oscillator enter the oversold zone.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined …
Wednesday, May 12th, today’s news—the US Department of Energy maintains forecasts for liquid hydrocarbons demand in 2021 and 2022. According to EIA estimates, 96.2 million b/d of oil and liquid hydrocarbons was consumed in April worldwide, which is 15.8 million more than in April 2020. "We project global oil and …
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