Technical Analysis

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures attempted to move higher in the previous session, challenging the pivotal resistance level of 68.60 and reaching a peak of $68.85 per barrel. Technically, analysis of the 240-minute chart suggests that negativity prevails due to sustained downward pressure from the simple moving averages. Additionally, the price …

Gold prices showed a neutral stance in the previous analysis due to conflicting technical signals, with an emphasis that a clear breach of the pivotal resistance at 2655 would serve as a catalyst for a bullish trend, targeting 2665 and 2671, eventually recording a peak at $2676 per ounce. Today, …

The EUR/USD pair maintained its upward trajectory within the anticipated positive outlook highlighted in the previous technical report, reaching the first target of 1.0600 and recording a high of 1.0597. Technically, today’s analysis of the 4-hour chart shows the 50-day simple moving average supporting the bullish movement, alongside positive momentum …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures prices continue their bearish trajectory, aligning with the previous negative outlook. The price reached the official target at 67.00, recording a low of $67.05 per barrel. Technical Analysis: 240-Minute Chart Observations: The simple moving averages maintain downward pressure. The 14-day momentum indicator shows strong negative signals, …