Category: Technical Analysis

WTI oil could suffer a deeper pullback in the next week if prices close below $53.64 today, validating the bearish pin bar candle created yesterday.  Daily chart As seen above, WTI rose to $55.35 yesterday – the highest…

Gold could trade in a sideways-to-negative manner as a key technical indicator is reporting the loss of bullish momentum. 4-hour chart The RSI has rolled over from overbought territory, confirming a bearish divergence – a lower low on…