Oil, Crude, trading
Read More »CAD Needs a Positive Catalyst 16/5/2025
The Canadian dollar has resumed an upward corrective trend after establishing a solid support base The Canadian dollar met its initial upside target at 1.4000, with the pair registering a session high of 1.4004 during the previous trading session. From a technical perspective, the 1.4000 psychological resistance level has exerted …
Read More »GBP Attempts a Gradual Recovery 16/5/2025
Oil, Crude, trading
Read More »Oil Traders Should Monitor Price Behavior Closely 16/5/2025
U.S. crude oil futures aligned with the expected upward movement in the previous session, as the price held above the pivotal $61.20 support level. Although the market briefly dipped to $60.11, triggering a pullback that offset earlier long positions, the broader technical structure remains constructive. On the 4-hour chart, the …
Read More »Gold Risks Further Loss of Momentum 16/5/2025
Gold prices declined sharply in the previous session, pressured by profit-taking after strong gains earlier in the year. The market reached key downside targets outlined in the previous report, with prices falling Gold prices saw mixed trading in the previous session, briefly approaching the first downside target at $3,112 before …
Read More »Euro Trades Within a Sideways Range 16/5/2025
The EUR/USD pair traded within a narrow sideways range during the previous session, with limited attempts to generate short-term gains amid subdued momentum. From a technical perspective, the 4-hour (240-minute) chart shows the pair continuing to trade below the 50-period simple moving average, which is acting as a firm resistance …
Read More »Dow Jones struggles to hold above Key support 15/5/2025
Oil, Crude, trading
Read More »CAD starts positively 15/5/2025
The Canadian dollar has resumed an upward corrective trend after establishing a solid support base around the psychological level of 1.3900. From a technical standpoint, the 4-hour chart indicates that bullish momentum is gaining traction. The pair is now supported by upward-sloping simple moving averages, which are once again acting …
Read More »GBP to break support 15/5/2025
Oil, Crude, trading
Read More »Oil hovers near support, Eyes potential rebound 15/5/2025
U.S. crude oil futures are currently trading with a bearish tone, following a retreat from the recent high of $63.64 per barrel recorded in the previous session. Technically, the price is attempting to stabilize near the key support level at $61.20, suggesting the possibility of a short-term rebound. This potential …
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