Oil, Crude, trading
Read More »USD/JPY: Upward Trend Persists, but Correction Possible 3/7/2024
japanese-yen
Read More »GBP/USD: Range-Bound, Awaiting Breakout Confirmation 3/7/2024
Oil, Crude, trading
Read More »WTI: Bullish Outlook Intact Despite Temporary Pullback 3/7/2024
US crude oil futures prices reached our previously identified target of 84.20, peaking at $84.35 per barrel, before experiencing a slight pullback to retest the 83.00 level. Technical Outlook: Despite the recent correction, the technical outlook remains bullish. The 240-minute chart reveals that the simple moving averages (SMAs) are still …
Read More »EUR/USD: Range-Bound, Awaiting Breakout Confirmation 3/7/2024
The EUR/USD pair continues to exhibit sideways movement, remaining within the 1.0720 support and 1.0760 resistance levels for the fourth consecutive session. Technical Outlook: On the 4-hour chart, the pair is still consolidating below the key resistance level of 1.0760, which coincides with the 50.0% Fibonacci retracement. While the Stochastic …
Read More »European Stocks Retreat as Post-Election Rally Fades, Inflation Data Awaited
European stocks experienced a decline on Tuesday, reaching a two-week low as the initial relief rally following the first round of French parliamentary elections subsided. Investors now await crucial euro zone inflation data for June, which could provide insights into the future path of interest rates. Market Performance The pan-European …
Read More »Dow Jones: Cautionary Negative Outlook 2/7/2024
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 …
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