WTI crude oil prices recorded a notable surge during the previous session, validating our previously neutral stance that highlighted a potential breakout above the minor downtrend line. The expected targets at $67.40 and $68.20 were both reached, with crude ultimately hitting a high of $69.72 per barrel. Technical Outlook: US …
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The EUR/USD pair continues its gradual decline, aligning with the outlook presented in our previous technical report, and moving closer to the key target at 1.1510. Technical Outlook: The pair is currently trending lower after breaking below the 1.1580 support level. A closer look at the chart reveals mild bullish …
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DowJones
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A short-term bullish trend has re-emerged in the USD/CAD pair, supported by stability above the key psychological support level of 1.3700. Technical Outlook: Intraday price action reflects a bullish bias, reinforced by the pair’s position above key Simple Moving Averages (SMAs), which continue to provide dynamic support. Additionally, the Relative …
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Oil, Crude, trading
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U.S. crude oil (WTI) futures started the week on a positive note, attempting to establish a technical rebound after testing a key support level at $65.10 per barrel. Technical Outlook: WTI is currently holding above the psychological support of $65.00, reinforcing bullish recovery attempts. This is supported by price stability …
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The EUR/USD pair experienced a notable decline at the start of this week’s trading, driven by strength in the US dollar, with the pair reaching a low of 1.1574. Technical Outlook: Currently, the pair is trading within a narrow range around 1.1580. A closer look at the 4-hour chart reveals …
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DowJones
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The USD/CAD pair came under renewed bearish pressure after failing to maintain stability above the 1.3670 level. This failure reversed the previously expected bullish scenario, with the pair falling to a session low of 1.3595. Technical Outlook – 4-Hour Timeframe: Short-term technical movements confirm a break below the ascending trendline, …
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Oil, Crude, trading
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