Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0...continues to oscillate around the 55-day simple moving average at 8,182 with Thursday’s high at 8,220 representing a possible short-term upside target.
is finding it difficult to overcome the 50% retracement of the April-to-May advance at 18,170. Tuesday’s high, for example, was made at 18,213 before a Doji was formed. It denotes indecision with little trading volume likely to go through today as US markets are shut for the Juneteenth holiday. Only a rise above the 18,213 high would put the 18,240 late April high and the 55-day simple moving average at 18,328 on the map.index is finding it difficult to recover from last week’s sharp 5% loss and is trading along the 200-day simple moving average at 7,622. A rise above Tuesday’s high at 7,644 is needed, for the 7,704 late January high to be next in line.