Tag Archives: technical

In the latest market developments, US crude oil futures prices experienced a significant surge, achieving noticeable gains and reaching the official target set in the previous technical report at a price of $75.40. The highest level recorded was $75.42 per barrel. Technically, analyzing the 240-minute time chart reveals that trading …

Gold has been trading within a narrow range, confined below the strong support level of 2016 and above the sub-resistance level at 2032, showing little significant change in its movements. In terms of technical analysis on the 240-minute time frame chart, the price has returned to stability above the 2016 …

The Canadian dollar displayed a period of calm trading following several consecutive sessions of growth, reaching its highest point around 1.3540, ultimately closing below the psychological resistance level of 1.3500. Examining the technical aspects today, intraday trading remains stable below the psychological barrier of 1.3500. The 14-day momentum indicator is …

In our recent technical report, we maintained a neutral stance due to conflicting technical signals. We highlighted the pivotal role of breaching the 73.50 resistance level for any upward movement, potentially leading to an increase to 74.40. Consequently, US crude oil futures recorded their highest level at approximately $74.20 per …

Gold prices experienced a modest upward rebound in the last trading session, attempting to build on the previously established bottom around $2000. In our prior technical report, we highlighted that the consolidation of prices above 2016, and more significantly 2025, could potentially halt the possibility of a further decline. Examining …

The Canadian dollar has experienced a gradual ascent in line with the anticipated positive outlook outlined in the preceding technical analysis, successfully reaching the initial target set at 1.3540, with its highest point recorded at 1.3542. Examining the technical aspects today, intraday trading is holding below the psychological resistance threshold …

US crude oil futures experienced a notable downturn in line with the projected bearish trajectory outlined in the previous technical report. The prices successfully reached both the initial target of 71.20 and the subsequent official target of 70.60, with the lowest recorded level hitting $70.65 per barrel. From a technical …

Gold prices experienced significant losses in the last trading session, aligning with the anticipated negative trend outlined in the previous technical report. The prices touched the official target by breaking the support at $2016, reaching $2000 per ounce. In the current technical analysis, focusing on the 240-minute chart, the price …

The Canadian dollar successfully reached the initial upward target in the preceding trading session, attaining the milestone at 1.3500 and marking its peak at 1.3502. Analyzing the 4-hour chart, we observe the simple moving averages persisting in guiding the price from below, concurrently with positive signals from the momentum indicator. …

Mixed trading characterizes the movements of US crude oil futures in the initial trading sessions of the week. After reaching its lowest point at $72.27, the price rebounded to retest the $72.50 level. Technically, a negative bias is evident, supported by the initiation of negative crossover signals from the simple …