US crude oil futures experienced a significant decline yesterday, aligning with the negative outlook projected in the previous technical report. The prices hit the target levels of $77.40 and $76.75, recording a low of $76.85 per barrel. The bearish trend remains the dominant scenario for today’s trading session, supported by …

Gold prices experienced significant losses yesterday, aligning with the downward corrective trend identified in the previous technical report. The price reached the forecasted target of $2375, recording its lowest level at $2366 per ounce. Examining the 4-hour time frame chart, several key technical indicators suggest the continuation of a downward …

The EUR/USD pair maintained its bearish trajectory in the previous session, trading negatively below the 1.0875 resistance level and reaching a low of 1.0817. Technical Analysis A closer examination of the 240-minute chart reveals: Stochastic Indicator: Provides negative signals, supporting the potential for further decline.Moving Averages: Negative intersection of simple …

Inflation in Britain saw a less-than-expected decline in April, with a key core measure showing resilience, prompting investors to reconsider their bets on a rate cut next month. This development could potentially bolster embattled Prime Minister Rishi Sunak ahead of anticipated elections later this year. Consumer prices rose by an …

The U.S. dollar traded steadily on Wednesday as markets awaited the release of minutes from the last Federal Reserve meeting, while sterling advanced after April’s inflation figures came in lower than anticipated. At 04:55 ET (08:55 GMT), the Dollar Index, which measures the greenback against a basket of six major …

Gold prices edged lower in Asian trade on Wednesday, continuing to retreat from record highs as concerns over elevated U.S. interest rates grew ahead of crucial signals from the Federal Reserve. Industrial Metals Also Under Pressure The downward trend extended to industrial metals, with copper prices pulling back further from …

Oil, Crude, trading

Limited positive trading dominated the Canadian dollar’s movements during the previous session, failing to breach the 1.3675 resistance level and resulting in a negative bias. Technical Analysis Examining the 4-hour chart reveals the following: Stochastic Indicator: Continues to provide negative signals.50-Day Simple Moving Average: Trading stability below this level supports …

Oil, Crude, trading

US crude oil futures experienced a downward trend in the previous session, encountering resistance at $79.60 per barrel, leading to significant declines and reaching a low of $77.67. Technical Analysis Our outlook remains bearish, based on the following technical factors: Resistance Levels: Intraday trading remains below the key psychological resistance …