Daily Technical Analysis

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures prices reacted to the anticipated downward trend highlighted in the previous analysis. The scenario relied on trading stability below the key resistance level of 68.60. As expected, an upward move and stability above 68.60 negated the bearish outlook, resulting in a price increase to $69.08 per …

Gold prices continued their upward trend, as anticipated in the previous technical report, reaching the required target at $2700 per ounce and recording a peak of $2704. From a technical standpoint today, the 4-hour chart reveals the stability of intraday trading above the breached resistance level, now acting as support …

The EUR/USD pair encountered strong resistance around 1.0660, forcing it to retreat under negative pressures, marking its lowest level during the previous session at 1.0498. Technically, the 240-minute chart reveals the return of simple moving averages exerting downward pressure on the price, coupled with bearish signals from the Stochastic indicator. …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures attempted to move higher in the previous session, challenging the pivotal resistance level of 68.60 and reaching a peak of $68.85 per barrel. Technically, analysis of the 240-minute chart suggests that negativity prevails due to sustained downward pressure from the simple moving averages. Additionally, the price …