Tag Archives: analysis

Oil, Crude, trading

The technical outlook remains unchanged for the USD/CAD pair, with price movements still dominated by a bearish trend after encountering strong resistance near the psychological level of 1.3600. From today’s technical analysis perspective, the 4-hour chart shows that the simple moving averages continue to apply downward pressure from above. Additionally, …

Oil, Crude, trading

U.S. crude oil futures experienced notable fluctuations during yesterday’s trading session, primarily due to profit-taking following the sharp rally that began late last week. From a technical perspective, oil prices are attempting to establish a solid support base around the psychological level of $69.00 in order to resume the upward …

Gold experienced a downward trend during yesterday’s session, moving within a weak and somewhat indecisive pattern that deviated from the anticipated bullish outlook. Despite this, the price remained above the key support level of $3,390, recording a session low at $3,373 per ounce. From a technical standpoint, today’s outlook remains …

The EUR/USD pair is currently undergoing a bearish correction following several sessions of sustained gains, with the euro unable to maintain a foothold above the key psychological resistance level of 1.1600. As of the latest data, the pair is trading near 1.1555. From a technical perspective, the 4-hour chart indicates …

Oil, Crude, trading

Limited bullish attempts have emerged in the short term, attempting to stabilize the USD/CAD pair after the 1.3570 support level temporarily halted the prevailing downtrend. From a technical standpoint, the 4-hour chart reveals persistent bearish pressure, with the simple moving averages capping gains from above. Additionally, the Relative Strength Index …

Oil, Crude, trading

US crude oil futures posted their largest gains since March 2022, surging to a high of $77.57 per barrel as geopolitical tensions escalated, fueling fears of supply disruptions and boosting safe-haven flows into commodities. From a technical standpoint, despite the profit-taking-driven intraday pullback, the overall trend remains decisively bullish. Overbought …