US crude oil futures have reached the official target outlined in our previous technical report, hitting a low of $66.67 per barrel after touching the 67.00 mark. From a technical standpoint, the 4-hour chart indicates that oil attempted an upward rebound upon testing the psychological support at 67.00. Nevertheless, despite …
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Gold prices have continued their significant decline, reversing the upward correction scenario outlined in our previous technical report. This analysis had emphasized that maintaining stability above the support line of the ascending channel was crucial. The breach below the 2600 level, however, has led gold prices to resume their downward …
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The Euro remains firmly in a downtrend against the US Dollar, as we had anticipated, reaching our previous target of 1.0565 and even dipping to a low of 1.0545 during the morning trading session. On the technical front, the 4-hour chart indicates persistent negative pressure from the simple moving averages, …
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Oil, Crude, trading
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japanese-yen
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Oil, Crude, trading
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US crude oil futures experienced mixed trading, attempting to pare losses after reaching a low of $67.78 per barrel. From a technical standpoint, oil prices remain under negative pressure, driven by continued movement below the simple moving averages. Additionally, the price is currently stabilizing below the key resistance level at …
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Gold prices faced significant selling pressure during the previous trading session, aligning with our anticipated bearish outlook. The metal reached the official target of the ongoing downtrend at $2589 per ounce, marking its lowest point at $2589. On the technical side, gold has established a solid support base around $2589, …
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The Euro continues to decline, pressured by the strengthening US dollar. The pair reached the initial target outlined in our previous report at 1.0600, with the lowest recorded level at 1.0595. From a technical perspective, examining the 240-minute chart reveals persistent negative pressure from the simple moving averages, which act …
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Oil, Crude, trading
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