Technical Analysis

Oil, Crude, trading

US crude oil futures fell significantly, surpassing the target of 66.20 mentioned in our previous report, and reached a low of $65.62 per barrel. Technical Outlook Bearish Indicators: Prices continue to trade below the simple moving averages, reinforcing the daily downward trend. The break of the 68.20 support level—which has …

Yesterday, gold experienced a bearish trend, approaching the previously identified support at 2886 and recording a low of 2891. Technical Outlook Chart Patterns: On the 4-hour timeframe, an ascending technical formation resembling an inverted head and shoulders is visible. The simple moving averages continue to support the daily upward trend, …

The Euro extended its gains during the previous trading session, surpassing the target of 1.0715 and reaching a high of 1.0853. Technical Outlook Bullish Support: On the 4-hour chart, the simple moving averages continue to support the daily upward trend. Intraday trading remains stable above the resistance level of 1.0715—now …

Oil, Crude, trading

The Canadian dollar continues its gradual upward movement, following the expected bullish path from the previous trading session, and recently reached a high of 1.4543. Technical Outlook Bullish Signals: On the 4-hour chart, the simple moving averages are providing strong upward support. Positive signals from the 14-day momentum indicator on …

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 …