Tag Archives: technical

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 …

Gold prices registered a notable decline at the start of this week’s trading session, driven largely by profit-taking activity, with the price reaching a low of $3,301 per ounce. Technical Outlook: Intraday price action is showing a modest rebound as gold tests the key psychological support level at $3,300. This …

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, …

WTI crude oil futures extended their losses during the previous session, pressured by technical selling, as prices moved closer to the first downside target at $64.70, reaching an intraday low of $64.85 per barrel. Technical Outlook – 4-Hour Timeframe: The price is currently attempting to hold above the psychological support …

Gold prices extended their gains for the third consecutive session, in line with the bullish expectations outlined in previous reports. The metal reached the official target at $3,435, recording an intraday high of $3,439 per ounce. Technical Outlook – 4-Hour Timeframe: Intraday movement shows a slight pullback, driven by a …

The Canadian dollar pulled back in the previous session after several days of gains, with the pair reaching a recent high of 1.3734 before entering a corrective phase. Technical Outlook – 4-Hour Timeframe: Intraday technical activity shows a break of an ascending trendline, which triggered some short-term bearish movement. The …

The downward trend continues to dominate U.S. crude oil futures, with intraday price action stabilizing near the recent low of $65.22. Technical Outlook – 4-Hour Timeframe: Oil remains under consistent selling pressure. A closer look at the chart shows that the 50-period Simple Moving Average (SMA) continues to act as …

Gold prices posted a strong rally in the previous trading session, aligning with the bullish expectations outlined in the latest technical report. The metal surpassed the target level of $3,376, reaching as high as $3,402 per ounce during early trading today. Technical Outlook – 4-Hour Timeframe: Intraday price action shows …

The Canadian dollar continued its upward trajectory, achieving the expected positive targets outlined in the previous technical report. The pair reached the 1.3770 target and extended to a new high of 1.3774. Technical Outlook – 4-Hour Timeframe: Price action reflects ongoing bullish momentum, supported by the pair’s stability above the …

Gold prices exhibited mixed but upward-biased movement, with the metal maintaining its position above the pivotal support area at $3,310, preserving a positive short-term outlook. Technical Outlook – 4-Hour Timeframe: Intraday price action reflects a continuation of the bullish trend, following a solid bounce from $3,310. This support level allowed …