Daily Technical Analysis

US crude oil futures experienced a downward trend in the previous session, encountering resistance at $79.60 per barrel, leading to significant declines and reaching a low of $77.67. Technical Analysis Our outlook remains bearish, based on the following technical factors: Resistance Levels: Intraday trading remains below the key psychological resistance …

In the previous trading session, gold prices exhibited a bearish tendency, stabilizing below the main resistance level at $2430 per ounce and reaching a low of $2406. Technical Analysis Examining the 4-hour chart reveals the following: Resistance Levels: Price remains stable below the $2430 resistance.Stochastic Indicator: Showing a gradual loss …

During the previous trading session, the EUR/USD pair exhibited predominantly sideways trading with a bearish bias, failing to breach the 1.0875 resistance level and consequently recording a lower peak. Technical Analysis A closer examination of the 240-minute chart reveals several bearish signals: Stochastic Indicator: Currently providing negative signals, indicating the …

Oil, Crude, trading

Positive momentum continued to drive the movements of the Canadian dollar, aligning with the anticipated upward trajectory outlined in the previous technical report. The currency successfully reached the official targets at 1.3750 and 1.3790, achieving its peak during the morning trading session at 1.3783. Today’s technical analysis leans towards positivity, …

Oil, Crude, trading

The downward trend persisted in US crude oil futures contracts, as anticipated, surpassing yesterday’s official target of $81.50 and hitting a low of $80.97 per barrel. Technically, on the 4-hour chart, the simple moving averages continue to exert downward pressure on the price, accompanied by negative signals from the relative …

Gold prices experienced significant losses during yesterday’s trading session, in line with our previous technical analysis, reaching the official targets set at $2290 per ounce. The lowest point was recorded at $2281 per ounce during early trading. Today’s technical outlook suggests a potential continuation of the downward correction, with trading …

The euro continues its downward trajectory against the US dollar as anticipated in the previous technical report. Trading remains below the critical resistance level of 1.0715, with the currency pair approaching the initial target of 1.0660. During today’s Asian trading session, the euro touched its lowest level at 1.0654. Analyzing …

Oil, Crude, trading