The pair remains under pressure amid the publication of strong data on the number of new jobs in the US from ADP. If the official values from the Ministry of Labor are already higher than the forecast, this will strengthen the local decline of the pair.
Technical side:
The …
Thursday, June 3rd, the news of the day—Brent jumped to its peak since 2019 due to an increase in fuel demand. Oil prices on Thursday rose for the third consecutive session, updating highs, following a strong increase in fuel demand in the second half of the year, especially in the …
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The support level of 264.0 restrained sellers. The descending wave pattern is truncated. The Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The inclined channel of the descending pattern is broken.
Trading idea:
Trading idea:
Buy on the breakout of 271.64.
Stop Loss: 264.00.
Target …
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