Technical Analysis

japanese-yen

Oil, Crude, trading

WTI crude oil futures prices surged yesterday, marking the third consecutive week of gains and reaching our previously identified target of 82.90, ultimately peaking at $83.60 per barrel. Technical Outlook: The technical outlook remains strongly bullish. The 4-hour chart reveals continued support from the simple moving averages (SMAs) for the …

Gold prices continue to trade within a tight range, bounded by the 2318 support level and the 2340 resistance level. Technical Outlook: The technical outlook remains bearish, as the price continues to trade below the crucial 2340 resistance level (23.60% Fibonacci retracement) on the 240-minute chart. The 50-day simple moving …

The EUR/USD pair has experienced positive trades in early week trading but faces resistance at the 1.0760 level (50.0% Fibonacci retracement). Technical Outlook: On the 4-hour chart, the pair is consolidating below 1.0760, but the simple moving averages (SMAs) are providing support from below, suggesting potential for further upside. However, …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

US crude oil futures prices experienced a pullback after several days of gains, failing to hold above the 81.50 resistance level and retesting the 80.60 support level. Technical Outlook: Despite the recent decline, the technical outlook remains cautiously bullish. The price is currently attempting to rebound and retest the 81.50 …

Gold prices remain under bearish pressure, continuing the downward trajectory as anticipated in our previous technical report. The price has reached a low of $2310 per ounce, confirming the ongoing downtrend below the pivotal resistance level of 2340. Technical Outlook: The technical outlook remains unchanged, with the price consistently trading …