US crude oil futures experienced significant losses, as anticipated in the previous report, reaching a low of $67.45 per barrel within the bearish trend. Technically, we maintain a cautious negative outlook, relying on the ongoing downward pressure from the simple moving averages, along with the stability of momentary trading below …
Read More »Gold continues to pressure support 1/10/2024
Gold prices declined during the previous trading session after failing to maintain stability above the 2645 support level, moving toward the first official target of $2624 per ounce. Today’s technical analysis indicates a likelihood of continuing the corrective decline. A closer look at the 4-hour chart reveals that the simple …
Read More »Euro retests support 1/10/2024
Negative trading dominated the movements of the euro against the US dollar during the first trading session of the current week, with the pair encountering a strong resistance level around the psychological barrier of 1.1200, which resulted in a bearish bias. On the technical side today, and with a closer …
Read More »Dow Jones tries to hold on to gains 27/9/2024
Oil, Crude, trading
Read More »USD/JPY Seeks Further Upside 27/9/2024
japanese-yen
Read More »GBP maintains uptrend 27/9/2024
Oil, Crude, trading
Read More »Oil extends losses 27/9/2024
U.S. crude oil futures declined significantly, following the downward trend mentioned in the previous report, exceeding the official target of 68.65 and recording a low of $66.967 per barrel. From a technical perspective, we lean toward a negative outlook but with caution, relying on the continued negative crossover of the …
Read More »Gold: New highs today? 27/9/2024
Gold prices continue to reach new historical peaks for the fifth consecutive session, hitting the first target indicated in the previous technical report at 2681, and recording a high of $2685 per ounce. From a technical analysis perspective today, and by examining the 4-hour chart, gold has established a minor …
Read More »Euro faces temporary hurdle 27/9/2024
The euro experienced limited positive attempts against the US dollar, trying to break through the psychological resistance level of 1.1200, reaching a high of 1.1189. From a technical perspective today, we notice that the pair has struggled to stabilize temporarily above the 1.1200 resistance level, acting as a temporary obstacle. …
Read More »Dow Jones Seeks Extra Momentum 26/9/2024
Oil, Crude, trading
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