WTI oil: could reach the $100 threshold

An overshoot of the 200-period moving average is preferred Graphically, the price of WTI oil rebounded from the support located at 85 dollars and seems to be currently holding beyond the former support located at 92.50/93 dollars. This configuration allows us to consider a continuation of the acceleration towards the moving average 200 periods, located … Read more

USD/CAD: the dollar is trying to overcome a major resistance at 1.3070C$

Breaking above the resistance at 1.3070 would restart the underlying bullish momentum From a technical analysis perspective, we can see USD/CAD reluctant to break above its year high at 1.3070 and its 200 week moving average. The exchange rate has tested these resistances three times in less than two months and increasingly rapidly (1 month … Read more