Daily Technical Analysis

Oil, Crude, trading

US crude oil futures prices experienced a significant decline last Friday, reaching the initial official target outlined in the preceding report at $75.75 and recording their lowest point at $75.13 per barrel. From a technical perspective, the prevailing downward trend persists, with trading consolidating below the 76.40 resistance level. This …

Gold prices concluded last week’s trading sessions on a notably positive note, surpassing the psychological barrier resistance level of $2,000, consistent with the anticipated positive outlook. The prices approached the official target of 2007, reaching a peak of $2,003 per ounce. From a technical standpoint, examining the 4-hour time frame …

Positive trading prevailed in the Euro/Dollar pair at the close of last week’s trading, aligning with the anticipated upward trajectory outlined in the previous technical report. The pair approached the initial official target of 1.0960, reaching a peak of 1.0950. From a technical perspective today, a positive inclination is observed, …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar remains within a narrow-range side trading pattern, restricted from the bottom by the support level of 1.3680 and from the top by the resistance level of 1.3730. Analyzing the technical aspects on the 4-hour time frame chart, the 50-day simple moving average serves as an obstacle for …

japanese-yen

Oil, Crude, trading

Mixed trading characterized the movements of US crude oil futures contracts in the previous session, attempting to recover from losses and reaching its peak at $76.77 per barrel. From a technical perspective, a closer examination of the 4-hour timeframe chart reveals that despite the efforts to rise, they appear to …