Daily Technical Analysis

Oil, Crude, trading

US Crude Oil Price Analysis US crude oil declined sharply after failing to hold above $73.00 per barrel for an extended period. Technical Outlook: Bearish Indicators: The 4-hour chart shows clear selling pressure at the open. Negative crossover of simple moving averages is weighing on prices. A bearish technical structure …

Gold Price Analysis Gold successfully retested the 2870 support level and closed above it, initiating an upward move in today’s session, reaching $2918 per ounce. Technical Outlook: Bullish Indicators: Simple moving averages support the continuation of the upward trend. The 14-day momentum indicator signals positive momentum. Bearish Risk: A drop …

EUR/USD Price Analysis The EUR/USD pair maintained an upward trend in the last session, breaking the 1.0400 psychological resistance and reaching a high of 1.0430. Technical Outlook: Bullish Indicators: Moving averages provide a positive incentive for further gains. Trading is stable above 1.0350, acting as a strong support level. Bearish …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

U.S. crude oil futures extended their gains, finding support at $70.90 and reaching a session high of $72.57 per barrel. Technical Outlook: The 4-hour chart shows that simple moving averages are supporting the price from below, offering a positive momentum boost. Oil has stabilized above $72.30, reinforcing the potential for …

Gold continues to post record highs, extending its longest winning streak since 2020, reaching $2942 per ounce during early trading today. Technical Outlook: The 4-hour chart shows that simple moving averages continue to support an upward trajectory. However, gold is facing resistance at $2942, aligning with the upper boundary of …

The U.S. dollar pair has shown a slow trend, recording its lowest level at 1.0280 in recent sessions. Technical Outlook: 4-hour chart analysis indicates that there is no significant downside pressure, with only minor bearish signals. The Stochastic Momentum Indicator suggests a potential for improvement in price movement. Key Levels …