Daily Technical Analysis

Oil, Crude, trading

US crude oil futures prices experienced substantial gains during the initial trading sessions of the week, approaching the official target of 78.30 and reaching its highest level at $78.42 per barrel. From a technical perspective, prices encountered a robust resistance level around 78.40, prompting a consolidation below the psychological barrier …

Gold prices have achieved positive stability above the main support floor mentioned in the previous technical report, positioned at the price of 1977. This led to a notable upward rebound, reaching the initial target of 1990 and recording its highest level at $1993 per ounce during the morning trading of …

The euro exhibited a positive surge against the US dollar, in line with our expectations, reaching the official target station outlined in the previous technical report at the price of 1.0970. The currency pair recorded its highest level during the early trading of today’s session at 1.0964. From a technical …

Oil, Crude, trading

Oil, Crude, trading

The British pound made a significant leap, registering substantial gains against the US dollar by successfully breaching the psychological barrier resistance at 1.2400 and initiating an assault on the crucial resistance level of 1.2465. From a technical perspective today, a positive trading outlook is favored, contingent on the intraday stability …

japanese-yen

Oil, Crude, trading

There was a notable surge in the prices of US crude oil futures contracts in the recent trading session, effectively nullifying the previously anticipated bearish scenario that relied on trading stability below the 73.70 resistance level at the time of the report’s issuance. As a reminder, it was previously mentioned …