Oil, Crude, trading
Read More »USD/JPY: Bullish Momentum Drives Pair Higher, New Targets in Sight 2/7/2024
japanese-yen
Read More »GBP/USD: Bearish Trend Continues, Downside Targets in Focus 2/7/2024
Oil, Crude, trading
Read More »WTI: Bullish Momentum Continues, Upside Breakout Eyed 2/7/2024
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 …
Read More »Gold: Bearish Bias Holds Amid Sideways Consolidation 2/7/2024
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 …
Read More »EUR/USD: Range-Bound with Potential Breakout 2/7/2024
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, …
Read More »Dow Jones: Cautionary Negative Outlook 26/6/2024
Oil, Crude, trading
Read More »USD/JPY: Correction Expected After Reaching Resistance 26/6/2024
japanese-yen
Read More »GBP/USD: Negative Bias Persists with Downside Potential 26/6/2024
Oil, Crude, trading
Read More »WTI: Upside Potential Remains, But Breakout Needed for Further Gains 26/6/2024
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 …
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