US crude futures declined significantly within the bearish picture, touching the target required during the previous report at 36.65, posting its lowest level at 36.50. Technically speaking, movements are witnessing a bullish bias as a result of trading above 37.00 with positive signs on the RSI indicator. We tend towards …
Read More »Gold Short-Term Bias Skewed to The Downside
Gold is trading on the negative side in early trading for the current session, and prices are witnessing some intraday stability below 1901. In terms of technical analysis, and by taking a look at the 240-minutes chart, we find that negative signs started to appear on the stochastic and began …
Read More »Euro Struggling and Hovering Around Support
The Euro started its first weekly trading attempting to rise, making use of intraday trading above 1.1720 after finding strong support around 1.1620. On the Technical side and by looking at the intervals, we see that the 50-day moving average meets around 1.1690/1.1700 giving some momentum, in conjunction with the …
Read More »