HomeBlogAplenty Icon PublicationBrent Rallies as Middle East Tensions Mount, Technicals Suggest Correction Ahead

Brent Rallies as Middle East Tensions Mount, Technicals Suggest Correction Ahead

by

Oct 2, 2024

Aplenty Icon Publication

Post Content

USDCAD moves lower to test rising 100 hour MA

Oct 2, 2024

Aplenty Icon Publication

The USDCAD pair has moved lower during the North American session as declining US yields and rising oil prices weigh on the pair. Technically, the price has fallen below the 200-hour moving average at 1.3509, while finding support near the rising 100-hour moving average at 1.3494. Trading between these moving averages reflects a neutral technical...

Previous

Natural Gas: Helene’s Havoc, Falling Storage Set Stage for a Push Above $3 Barrier

Oct 2, 2024

Aplenty Icon Publication

Next

Further reading

Heavy rain to soak New York City amid record dry autumn

Nov 20, 2024

Aplenty Icon Publication

The heaviest rain the region has seen in more than a month will arrive on Wednesday.

Read More

The technicals in play to start the new trading week in the forex

Nov 20, 2024

Aplenty Icon Publication

To start trading day and the trading week, the USD is trading down and back up vs most of the major currency pairs. It is mostly lower vs the NZD and the JPY today. In the US debt market yields are higher with the yield curve steepening: 2-year yield of...

Read More

Gold rallies sharply after last week’s tumble of -4.5%. Price is up 1.87% today

Nov 20, 2024

Aplenty Icon Publication

Gold is up sharply in trading today after falling -4.52% last week – its worst week since falling 6.03% during week of June 14, 2021. Technically, looking at the hourly chart, the price moved sharply lower last week and in doing so stayed below its 100-hour moving average (blue line...

Read More