Technical Analysis

Oil, Crude, trading

U.S. crude oil futures extended their gains, finding support at $70.90 and reaching a session high of $72.57 per barrel. Technical Outlook: The 4-hour chart shows that simple moving averages are supporting the price from below, offering a positive momentum boost. Oil has stabilized above $72.30, reinforcing the potential for …

Gold continues to post record highs, extending its longest winning streak since 2020, reaching $2942 per ounce during early trading today. Technical Outlook: The 4-hour chart shows that simple moving averages continue to support an upward trajectory. However, gold is facing resistance at $2942, aligning with the upper boundary of …

The U.S. dollar pair has shown a slow trend, recording its lowest level at 1.0280 in recent sessions. Technical Outlook: 4-hour chart analysis indicates that there is no significant downside pressure, with only minor bearish signals. The Stochastic Momentum Indicator suggests a potential for improvement in price movement. Key Levels …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

WTI crude oil continues its losing streak for the third consecutive session, now testing the psychological support at $71.00. Technical Outlook: Moving averages exert downward pressure, reinforcing the bearish bias. Price remains below the previously broken support at 72.40, which has now turned into resistance. Key Levels to Watch: Bearish …

Gold prices successfully reached the target of 2870 in the previous session, recording a new high at $2882 per ounce. Technical Outlook: Moving averages continue to support an upward trend. Gold remains within an ascending price channel, with 2840 acting as a key support level. Key Levels to Watch: Bullish …

The EUR/USD pair experienced a temporary bullish rebound in the previous session, recovering from the psychological support at 1.0200 and reaching a high of 1.0442. Technical Outlook: The Stochastic indicator is attempting to gain bullish momentum, supporting the possibility of further upside. The pair is holding above the previously breached …