Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

WTI oil may push higher
WTI oil may push higher

It looks like there’s a nice trade setup in WTI oil. The price rebounded from the 100-day MA in the 54.50 area last week.

Stock market: HP can’t recover
Stock market: HP can’t recover

The shares of HP lost more than 10% in February. It was reasonable to expect that the first week of March would bring some relief.

USD/CAD met resistance
USD/CAD met resistance

USD/CAD was rejected down by the resistance in the 1.3460 area. The pair is now trading below the weekly pivot point at 1.3385.

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