Daily Technical Analysis

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures prices continue their bearish trajectory, aligning with the previous negative outlook. The price reached the official target at 67.00, recording a low of $67.05 per barrel. Technical Analysis: 240-Minute Chart Observations: The simple moving averages maintain downward pressure. The 14-day momentum indicator shows strong negative signals, …

Gold prices continue to trade within a sideways range, remaining constrained between 2620 as support and 2655 as the main resistance level. Technical Analysis: 4-Hour Chart Insights: The simple moving average is attempting to provide a positive push to prices. Meanwhile, the Stochastic indicator shows persistent negative signals, reflecting conflicting …

The EUR/USD pair ended last week’s trading on a bullish note, surpassing the 1.0560 resistance level and reaching the target of 1.0635, marking its highest level at 1.0635. Technical Analysis: Momentum Indicators: The 240-minute chart shows support from the 50-day simple moving average, alongside the Stochastic indicator signaling positive momentum, …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures demonstrated the anticipated upward trend outlined in the previous technical report, supported by trading stability above the key level of 68.90. Technical Analysis: Bearish Indicators: The simple moving averages apply continued downward pressure. The 14-day momentum indicator reflects clear negative signals, favoring a bearish outlook. Scenario …