Oil continues to extent on gains after Libya announced a force majeure on all facilities, terminals and oil fields.
Next major resistance on the chart is the 200DMA coming up around $77.76. It also has confluence with the 2 standard deviation implied volatility high for the day.
This article was written by Arno V Venter at www.forexlive.com.
Related Articles
Bitcoin or Ethereum?
Bitcoin or Ethereum: Which Crypto is the Better Investment in 2025?The Crypto...
German election preview: History will be made on Sunday, what to watch for
On Sunday, German voters go to the polls in a high-contested election....
FX Weekly Recap: February 17 – 21, 2025
The majors were all about trade tensions and central banks’ moves this...
Global Market Weekly Recap: February 17 – 21, 2025
Geopolitical developments continued to be a driving force in the markets, initially...
Leave a comment