Technical Analysis

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

WTI crude oil futures prices rebounded yesterday, finding support at the 80.50 level and closing above the 81.80 resistance level, indicating a potential resumption of the bullish trend. Technical Outlook: Today’s technical analysis suggests a positive outlook for WTI crude oil. The price is holding above 81.80, with the 14-day …

Gold prices reached new historical highs in the previous trading session, surpassing our target of 2450 and reaching a peak of $2483 per ounce, validating our bullish outlook. Technical Outlook: The technical outlook remains strongly bullish. The price has successfully consolidated above the previously breached resistance level of 2450, which …

The EUR/USD pair has continued its upward trajectory, reaching our previously identified target of 1.0950 and peaking at 1.0948, confirming the positive outlook outlined in the previous technical report. Technical Outlook: The technical outlook remains strongly bullish. On the 4-hour chart, the pair is trading within an ascending price channel, …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures prices declined after encountering resistance at the 84.00 psychological level, indicating a potential shift in momentum. Technical Outlook: The current technical outlook is bearish. The price is now trading below the 82.00 support level on the 4-hour chart. The simple moving averages (SMAs) have formed a …