Daily Technical Analysis

Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures contracts during the previous trading session, recording its highest level of $88.65 per barrel. Technically, the 4-hour chart shows that oil failed to cross upwards and rise above the ascending channel line. The bearish slope stimulates the negative pressure from …

Gold prices were able to touch the official target of the report issued on yesterday’s session at 1787, explaining that the price behaviour of the mentioned level must be monitored. Technically, we find gold prices stable in an intraday manner above the support level of 1763. We also find the …

The single European currency achieved all our bullish targets during the previous report, reaching the final target at 1.0465 and recording its highest level at 1.0480. On the technical side, the pair found a strong resistance level around the level published yesterday 1.0465, which forced it to retreat to the …

Oil, Crude, trading

A bearish tendency dominated the movements of the Canadian dollar during the previous trading session, within the expected bearish path, to settle for recording its lowest level at 1.3240. Technically and carefully considering the 240-minute time frame, we find positive crossover signs that started appearing on the stochastic indicator and …

Oil, Crude, trading

US crude oil futures prices managed to achieve the first target mentioned during the previous analysis at 89.65, recording the highest level at 89.82, to find a strong resistance level that forced it to trade negatively during the middle of the American session yesterday. Technically, the simple moving averages started …

The yellow metal prices maintained the expected bullish context during the previous analysis after it retested the 1753 level and returned to the bullish rebound towards the first target required to be achieved in the last analysis at 1772, recording the highest 1775. Today’s technical view indicates the possibility of …

The movements of the euro against the US dollar did not witness any change during the first trading sessions of this week, and the pair continues to maintain positive stability, reaching its highest level yesterday, 1.0366. On the technical side today, the simple moving averages continue to support the daily …