(USOIL) WTI

(USOIL) WTI going nowhere

WTI crude stays quiet as traders watch for Middle East twists

(USOIL) WTI remains stuck and is going nowhere since the previous sell-off. Only a twist in the Middle Eastern tensions would cause a spike in prices, but for now, no news means no movement. Prices remain in consolidation between 64.00 and 66.00, with the RSI slowly creeping into the neutral zone. A break at one of those levels would see the next phase for the black gold as global tensions simmer.

GBPUSD hits resistance

GBPUSD stalls at resistance while bulls watch for breakout

Cable had a week to remember as price action jumped over 300 pips, hitting multi-year highs. The market mood has stayed positive despite a slight retracement after hitting the 1.3780 zone. A full reversal still needs to break 1.3600 to the downside before a move towards 1.3450 can happen. A move higher needs a 1.3800 confirmation break, before topping 1.3860 in the near term.

XAUUSD pushing higher

Gold keeps rising as traders look for a push to new highs

Gold is poised to continue its upward trajectory after gaining over 3% since the start of the week. As the price now struggles to secure a move past 3350, the recent double bottom around 3270 is a critical floor to stabilise sentiment. Its breach would trigger a round of liquidation with the psychological level of 3200 as a potential target. Should prices move past 3350, then 3400 will be on the radar for buyers as sentiment would shift once again.

 

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