Oil, Crude, trading
Read More »WTI: Bearish Momentum Strengthens as Price Declines 10/7/2024
As anticipated, US crude oil futures experienced a significant decline, reaching our initial bearish target of 81.60 and currently trading around $81.15 per barrel. The technical outlook suggests the potential for further downside movement. Key Technical Signals: Psychological Support Breakdown: A break below the psychological support level of 82.00 would …
Read More »EUR/USD: Bullish Potential Amidst Narrow Range Trading 10/7/2024
The EUR/USD pair has been trading within a narrow range, confined between the support level of 1.0800 and the pivotal resistance at 1.0840. Technical analysis indicates a potential for a bullish breakout, but caution is warranted. Key Technical Signals: Support Level: The pair has found solid support near the psychological …
Read More »Dow Jones: Cautious Optimism Amidst Volatility 9/7/2024
Oil, Crude, trading
Read More »USD/JPY: Bearish Bias Emerges After Strong Resistance 9/7/2024
japanese-yen
Read More »GBP/USD: Bullish Momentum Builds After Key Resistance Break 9/7/2024
Oil, Crude, trading
Read More »WTI: Bearish Correction Underway 9/7/2024
WTI crude oil experienced negative trading in the previous session, initiating a downward correction and touching the psychological support level of 82.00. The technical outlook now leans towards further downside potential. Key Technical Signals: Breakdown of 82.70: A confirmed break below the 82.70 level, coupled with negative pressure from the …
Read More »EUR/USD: Bullish Momentum Gains Strength 9/7/2024
The EUR/USD pair reached our anticipated target of 1.0845 in the previous week, signaling a continuation of its upward trajectory. Technical analysis of the 4-hour chart reveals several factors supporting this bullish outlook: Key Technical Signals: Resistance Breakout: The pair has decisively broken through the psychological resistance level of 1.0800, …
Read More »German Exports Slump in May Amid Weak Global Demand
German exports experienced a sharper-than-expected decline in May, as weak demand from major trading partners such as China, the U.S., and other European countries weighed on the nation’s economic performance. According to data released by the federal statistics office, exports fell by 3.6% in May compared to the previous month, …
Read More »Dow Jones: Bullish Momentum Continues, Upside Breakout Eyed 5/7/2024
Oil, Crude, trading
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