WTI crude oil futures prices continue their upward trajectory, approaching our previously identified target of 81.30 and reaching a high of $81.13 per barrel. Technical Outlook: While the intraday movement shows some consolidation below 81.00, the overall trend remains bullish. The Stochastic indicator on the 4-hour chart is hinting at …
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Gold prices opened on a positive note today, retesting the pivotal resistance level of 2340. However, the technical outlook remains predominantly bearish. Technical Analysis On the 240-minute chart, while the simple moving averages are now providing support from below, suggesting a potential upward trend, the price remains below the crucial …
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The EUR/USD pair experienced narrow sideways movement during the previous session, reflecting the subdued trading activity due to the U.S. market holiday. The overall bearish context remains intact. Technical Outlook: On the 4-hour chart, the 50-day simple moving average (SMA) continues to act as a significant barrier around the 1.0760 …
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Oil, Crude, trading
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The USD/CAD pair is experiencing a downward trend, primarily due to the collision with the 1.3760 resistance level, which has capped recent gains and limited the upward momentum. Technical Outlook: Technical analysis suggests a prevailing bearish bias. This is supported by the negative crossover of the simple moving averages, which …
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japanese-yen
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Oil, Crude, trading
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WTI crude oil futures prices are on the rise, targeting the $80.00 per barrel threshold. Technical Outlook: Our analysis remains bullish, bolstered by the price finding support above the critical 79.65 level and the continued positive momentum provided by the simple moving averages. Upward Potential: The upward trend appears poised …
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Gold prices remain confined within a narrow sideways range, bounded by the 2313 support level and the 2340 resistance level. Technical Outlook: Analysis of the 240-minute chart reveals a bearish flag pattern formation, indicating a potential continuation of the downward trend. The 50-day simple moving average is exerting negative pressure, …
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The EUR/USD pair showed positive movements at the end of last week, but the upside remains limited as the pair failed to break above the 1.0760 resistance level. Technical Outlook: On the 4-hour chart, the 50-day simple moving average (SMA) continues to act as a significant barrier around the 1.0760 …
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