Daily Technical Analysis

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

WTI crude oil continues its losing streak for the third consecutive session, now testing the psychological support at $71.00. Technical Outlook: Moving averages exert downward pressure, reinforcing the bearish bias. Price remains below the previously broken support at 72.40, which has now turned into resistance. Key Levels to Watch: Bearish …

Gold prices successfully reached the target of 2870 in the previous session, recording a new high at $2882 per ounce. Technical Outlook: Moving averages continue to support an upward trend. Gold remains within an ascending price channel, with 2840 acting as a key support level. Key Levels to Watch: Bullish …

The EUR/USD pair experienced a temporary bullish rebound in the previous session, recovering from the psychological support at 1.0200 and reaching a high of 1.0442. Technical Outlook: The Stochastic indicator is attempting to gain bullish momentum, supporting the possibility of further upside. The pair is holding above the previously breached …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

A bearish trend dominated US crude oil futures, aligning with the previous technical outlook, as the price successfully touched the $72.30 target. Technical Outlook: Simple moving averages continue to pressure prices downward. The price remains below the previously broken support at $73.90, now acting as a resistance level. Key Levels …