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- Initial signs of recovery stall are developing on daily chart
- Reversal pattern is forming on daily chart and threatening of deeper pullback
- Fresh bears are pausing above strong supports and awaiting signal
- WTI dips below $40 as record US unemployment dents risk sentiment and inflates dollar
- Bullish bias above $1800 but bulls may hold in extended consolidation before resuming
- Extended rally focuses key barriers
- Consolidation to precede final push towards 1.1422 target
- Breaking: US weekly crude inventories rose 5.6 mln bls vs expected draw of 3.1 mln bls
- The dollar was sold across the board on rising stocks and signals that the US economy will not be shut again if situation with virus deteriorates
- Breaking: The Wall Street jumped after opening on Wednesday as the White House official ruled out another shut down of the economy due to recent surge in virus cases