As prices rise, more and more investors will be looking at shale oil, and vice versa.
We are waiting for USD/RUB to continue falling.
The Euro has returned to the previously broken daily ascending channel.
There is an inverse flag shaped for the pair in the four-hour and day chart.
Last week was all about Janet Yellen’s speech before the congress.
Yellen stated that we should not expect a steep and quick rate increase – the US need weak currency to support their exports.
The price has formed a reverse bearish engulfment model, which is pressing against the broken daily channel…
Just a few hours ago, the head of the Federal Reserve of New York told some interesting things that have sent the USD up north.
Last week Oil has continued a correction which can unexpectedly end with, for example, negative data from China.
We have pushed away from the strong support zone, therefore will be waiting for our next scenario
Euro has bounced off the broken channel and is falling. Now we will seek sales after breaking on a pullback to the 1.0800 level. For now we are focusing on candlestick signals…