Daily Technical Analysis

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures experienced a significant decline last week, hitting a low of $69.95 per barrel. Technical Analysis: Bearish Momentum: Oil prices are under negative pressure, with intraday trading staying below the 70.60 resistance level. The price continues to trade under the 50-day simple moving average, reinforcing the bearish …

Gold prices remain under continuous bearish pressure, registering a new session low at 2666 per ounce in morning trading. Technical Analysis: Bearish Trend Confirmation: The break below the 2674 level, corresponding to the 61.80% Fibonacci retracement, reinforces the downside momentum. Additionally, the price struggles to overcome the 2700 psychological resistance, …

The EUR/USD pair continues to experience bearish pressure, reaching a low of 1.0667 at the end of last week’s trading session. Technical Analysis: Bearish Outlook: The simple moving averages exert downward pressure on the pair, and trading remains below the significant resistance level at 1.0785. Support Levels: A decisive break …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures saw a positive rebound, recovering from a low of $67.31 per barrel in the previous session. Technical Analysis: Breaching the resistance level of $68.60 has provided support for further gains. The 240-minute chart also shows the Relative Strength Index gaining positive signals, reinforcing the upward outlook. …