Daily Technical Analysis

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

A bearish trend dominated US crude oil futures prices during the early trading sessions this week, with prices reaching their lowest level at $72.42 per barrel. From a technical standpoint, examining the 4-hour chart reveals the formation of a bearish inverted head and shoulders pattern. Additionally, oil prices remain below …

Negative trading dominated gold’s movements as anticipated in the previous report, reaching the first target of 2735 and recording its lowest level at $2730 per ounce. Today’s technical outlook suggests the possibility of continuing the downward trend. However, upon closer examination, there appears to be a conflict between technical indicators. …

The euro declined against the US dollar during the morning trading session today, retreating after several consecutive sessions of gains and failing to maintain its position above the psychological barrier of 1.0500. From a technical perspective, a closer examination of the 4-hour chart reveals that the pair is holding below …

Oil, Crude, trading

Oil, Crude, trading

japanese-yen

US crude oil futures posted notable gains during the previous session, aligning with the positive outlook outlined in the prior report. The price reached the official target of 73.00, recording a high of $73.69 per barrel. Technical Outlook:The technical indicators continue to favor a bullish bias. The simple moving averages …