Daily Technical Analysis

Oil, Crude, trading

US crude oil futures experienced a selling wave in line with our negative outlook, reaching the first target at $67.20 and recording a low of $66.80 per barrel. Technical Outlook Bearish Signals: Prices continue to trade below the simple moving averages, reinforcing the daily downward trend. The break of the …

Gold continued its upward trend, in line with our previous outlook. The breach of 2893 acted as a catalyst, pushing prices toward the first target of 2910 and the second target of 2920, with the recent high reaching $2927 per ounce. Technical Outlook Bullish Signals: The Relative Strength Index (RSI) …

The US dollar against the US dollar reached the expected target path in the previous report, hitting its official target at 1.0540 and recording 1.0600 at the time of this report. From today’s technical perspective, on the 4-hour chart the simple moving averages continue to provide positive momentum, while the …

Oil, Crude, trading

The Canadian dollar met the previous report’s target at 1.4520, reaching 1.2828 at the time of writing. Technical Outlook Bullish Scenario: The simple moving averages continue to provide positive momentum, reinforcing the likelihood of further gains. Additionally, the 14-day momentum indicator on short-term timeframes supports the upward bias. A continuation …

Oil, Crude, trading

U.S. crude oil futures experienced a sharp decline, aligning with our previous technical outlook, reaching the first target at $68.85 and coming within a few points of the next official support at $67.80, recording a low of $67.85 per barrel. Technical Outlook A closer look at the 4-hour chart shows …

Gold prices exhibited positive movement in the previous session, attempting to halt the ongoing downward correction and showing temporary stability above 2884. From a technical perspective, despite the bullish momentum observed yesterday, a closer look at the 4-hour chart reveals that the price remains stable above 2868, which corresponds to …

The pair began the week on a bullish note, successfully breaking through the strong resistance level of 1.0450, as highlighted in the previous report. This breakout served as a catalyst for further upside potential, driving the price to a high of 1.0505, with the next target at 1.0540. From a …