Daily Technical Analysis

US crude oil futures (WTI) continue their decline, hitting a key resistance level around 65.30, which successfully limited the rise. Technical Outlook – 4-hour timeframe: Simple moving averages: Pressuring prices from above, forming dynamic resistance that limits any upward rebound. Relative Strength Index (RSI): Around oversold areas, with positive signs …

Gold (XAU-USD) prices continued their sharp rise during the morning trading session, recording a high of $3,867. Technical Outlook – 4-Hour Timeframe: Price action remains supported by stability above the simple moving averages, which act as dynamic support, reinforcing the upward trend. The bullish trend clearly dominates, with buying momentum …

The euro continues to move within a sideways range with a slight upward bias, though negative pressures remain dominant. Technical Outlook: 50-day Simple Moving Average (SMA): Price action remains capped below this level, reducing the probability of sustained upside movement. Relative Strength Index (RSI): Recently entered overbought territory, signaling weak …

The index succeeded in achieving the first bullish target outlined in the previous report at 46,635, recording a session high of 46,784. Technical Outlook: 50-period Simple Moving Average (SMA): Continues to support the price from below, acting as dynamic support and reinforcing the bullish outlook. Relative Strength Index (RSI): Showing …

The pair continues to move within an overall upward trajectory, though technical signals remain conflicting. Technical Outlook: Relative Strength Index (RSI): Beginning to show negative signals on the short-term timeframe, hinting at a possible slowdown in momentum. Simple Moving Averages (SMA): Acting as dynamic support, helping to maintain the broader …

The pair witnessed mixed trading with a slight bullish bias after establishing a short-term support line. Technical Outlook: Relative Strength Index (RSI): Showing negative signals due to overbought conditions relative to price action, raising the risk of negative divergence. 50-Period Simple Moving Average (SMA): Acting as dynamic resistance, maintaining downward …

WTI crude extended its bearish trajectory, reaching the first target at $62.15 before recording a session low of $61.65, now approaching the next stop at $61.30. Technical Outlook: Simple Moving Averages (SMA): Prices remain under pressure from above, with moving averages forming dynamic resistance that limits rebound attempts. Relative Strength …

Gold extended its rally during the European session, recording a high of $3,759 per ounce, surpassing the previously mentioned $3,720 resistance. Technical Outlook: Simple Moving Averages (SMA): Price action remains supported above the moving averages, which act as dynamic support reinforcing the bullish structure. Relative Strength Index (RSI): Approaching overbought …

The pair temporarily reversed the expected outlook from the previous report. While we anticipated stability below 1.1770, a breakout above this resistance and consolidation pushed the price to 1.1819. Technical Outlook: 50-Day Simple Moving Average (SMA): Continues to provide dynamic support, maintaining the overall bullish structure. Relative Strength Index (RSI): …

The index continued its attempts to preserve recent gains, recording a morning high of 46,608. Technical Outlook: 50-Day Simple Moving Average (SMA): Acting as a support level from below, reinforcing the possibility of continued upward movement. Relative Strength Index (RSI): Showing positive signals on short-term timeframes, suggesting potential for further …