Technical Analysis

Crude oil futures are settling at $73.56 which is down -$0.40 or -0.54%. The high price today reached $74.96. That high was within shouting distance of the falling 200-day moving average is $75.34 ($0.38). The price has not traded above the 200-day average since October 8 (the break above that MA failed on that day).
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Major US indices are closing solidly higher and in doing so are snapping multi-day losing streaks. For the Dow Industrial average it snapped its 4-day losing streak. For the broader S&P and NASDAQ indices,. they both snapped 5-day losing streaks. For the trading week, the indices are closing lower. A snapshot of the closing levels
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The EURUSD is trading the key technical levels to start the trading week. The initial move in the early European session saw the price moved down to test its 100 hour moving average (blue line on the hourly chart above). Buyers leaned against the level and pushed the price back higher. Recall, the 100 hour
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