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Weekly Forex Forecast – WTI Crude Oil, GBP/USD, EUR/USD, DAX, Silver, Gold, USD/JPY, USD/CHF

From dailyforex.com

The WTI Crude Oil $66 level is an area that seems to be offering quite a bit of resistance and now we find ourselves pulling back from there. I think there are a lot of questions out there as to whether or not we are going to see strikes against the Iranians over the weekend. That being said, supply and demand continue to be a major headwind for pricing, so I would not look for massive moves, and I do think fading rallies continue to be the case. The British pound broke out above the 1.3750 level and have seen a lot of selling pressures to show signs of exhaustion. In fact, the weekly candlestick is a bit of a ... (full story)

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  • Category: Technical Analysis