Last week was eventful, marked by a series of significant developments. These included policy directions anticipated from President-elect Donald Trump’s administration, future paths for central banks, particularly the Federal Reserve, and the impact of key US economic releases. The Eurozone has seen significant developments, particularly CPI front. Several European leaders …
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US crude oil futures posted notable gains during the previous session, aligning with the positive outlook outlined in the prior report. The price reached the official target of 73.00, recording a high of $73.69 per barrel. Technical Outlook:The technical indicators continue to favor a bullish bias. The simple moving averages …
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Gold prices surged during the previous trading session, successfully breaching the strong resistance level highlighted in the previous report. This breach temporarily halted the downward trend and triggered a rise, with the metal reaching a high of $2665 per ounce, surpassing the initial targets of 2645 and 2657. Technical Outlook:A …
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US crude oil futures maintained an upward trajectory in line with the positive outlook outlined in the previous report, successfully reaching the anticipated target of $72.20 and recording a peak of $72.25 per barrel. Technical Outlook:The bullish bias remains dominant, supported by positive momentum from the simple moving averages and …
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Gold prices are attempting a modest upward correction during the early trading sessions of this week, reaching a high of $2636 per ounce in today’s initial trades. Technical Analysis:A closer examination of the 4-hour chart reveals that the Stochastic indicator has entered overbought territory, coinciding with the price’s continued movement …
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US crude oil futures regained upward momentum, starting the day positively and reaching an intraday high of $70.70 per barrel during early trading. Technical Analysis: Positive signals from the 14-day momentum indicator, coupled with support from the simple moving averages, favor continued upward movement. With intraday stability above $70.00, and …
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Gold prices maintained their downward trend, albeit with weakened momentum, reaching a low of $2611 per ounce by the end of last week’s trading session. Technical Analysis: A closer examination of the 4-hour chart reveals the Stochastic indicator losing upward momentum, while prices remain stable below the 50-day simple moving …
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US crude oil futures experienced a sharp decline in the previous trading session, reaching a low of $68.84 per barrel. From a technical perspective, the outlook leans negative, supported by clear bearish signals from the Relative Strength Index, which remains below the 50 midline. Furthermore, trading remains stable below the …
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Gold prices fulfilled the anticipated negative outlook from the previous report, achieving the initial target at $2634 per ounce and recording a low of $2633. From a technical analysis perspective, a closer examination of the 4-hour chart reveals that the Stochastic indicator is gradually losing upward momentum. Additionally, the price …
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Mixed trading dominated the movements of US crude oil futures, with prices reaching the initial target highlighted in the previous technical report at 71.10, and recording a high of $71.38 per barrel. From a technical perspective, the 240-minute chart indicates that prices are currently stabilizing above the minor support level …
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