Technical Analysis

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

A bearish trend dominated US crude oil futures, aligning with the previous technical outlook, as the price successfully touched the $72.30 target. Technical Outlook: Simple moving averages continue to pressure prices downward. The price remains below the previously broken support at $73.90, now acting as a resistance level. Key Levels …

Gold managed to establish strong support above $2740, rebounding higher in the previous session and reaching $2766 per ounce. Technical Outlook: The price remains above the 50-day simple moving average, reinforcing bullish momentum. The Stochastic indicator shows positive signals, suggesting further upside potential. Key Levels to Watch: Above $2770: A …

The EUR/USD pair remained within a narrow sideways range in the previous session, trading above 1.0380 and below 1.0450 without significant movement. Technical Outlook: The pair remains below the key resistance levels of 1.0460 and 1.0485. The Stochastic indicator is positioned near overbought levels, suggesting potential downside pressure. Key Levels …

Oil, Crude, trading

japanese-yen

Oil, Crude, trading

Negative pressure continues to dominate U.S. crude oil futures, with prices reaching a low of $72.95 per barrel during the previous session. From a technical perspective, the 4-hour chart reveals a bearish head and shoulders formation, with the price remaining below 74.25, further pressured by negative signals from the simple …