Tag Archives: technical

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 …

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 to a low of $3,148 during early trading today. From a technical perspective, the 4-hour chart reveals a …

The Canadian dollar remains under sustained downward pressure, with the pair extending its losses over several consecutive sessions and reaching a recent low of 1.3828. From a technical standpoint, the 4-hour chart confirms the continuation of the dominant downtrend. Price action remains firmly below the key simple moving averages, which …

U.S. crude oil futures are facing strong resistance near the $61.60 level, which has exerted downward pressure on prices. As a result, oil has retreated and is currently trading around $60.50 per barrel. From a technical perspective, the 50-period simple moving average—hovering near the $61.50 zone—is acting as a firm …

Gold prices continue to surge within the framework of a strong upward trend, as anticipated in previous reports. The metal has successfully reached the official target at $3,274 and recorded a new session high of $3,286 per ounce during early morning trading. On the 4-hour chart, price action remains firmly …

The Canadian dollar remains under sustained downward pressure, with the pair extending its losses over several consecutive sessions and reaching a recent low of 1.3828. From a technical standpoint, the 4-hour chart confirms the continuation of the dominant downtrend. Price action remains firmly below the key simple moving averages, which …

U.S. crude oil futures are experiencing volatility, reversing recent gains and opening the session with a bearish gap. At the time of writing, prices have dipped to a session low of $69.29 per barrel. From a technical perspective, the price has settled below the 50-day simple moving average at $70.90, …

The key support level highlighted in the previous technical report at $3,190 successfully held, helping to maintain the broader upward trend. Following a rebound from this level, gold prices have resumed their climb, currently trading around $3,228 per ounce at the time of writing. On the 4-hour chart, price action …

The Canadian dollar has pulled back after a streak of gains, encountering strong resistance at 1.4360. This level prompted a reversal, with the pair declining to a session low near 1.4215. From a technical standpoint, the 4-hour chart highlights notable resistance just below the 50-period simple moving average, alongside clear …

U.S. crude oil futures are experiencing volatility, reversing recent gains and opening the session with a bearish gap. At the time of writing, prices have dipped to a session low of $69.29 per barrel. From a technical perspective, the price has settled below the 50-day simple moving average at $70.90, …