Tag Archives: technical

The US crude oil futures contracts have been dominated by positive trading, aligning with our bullish forecast. They have touched the initial target price of $79.20, and are now heading towards the next official mark of $79.60. The contracts recorded their peak at $79.72 per barrel. From a technical perspective, …

Gold prices have recently made significant strides, outperforming the US dollar, following a successful breach of the 1945 resistance level. This upward trend solidified as gold prices maintained stability above the 1954 mark. While this stability tempers the possibility of a downward shift, it doesn’t completely rule it out. We …

Positive trading prevailed in the movements of the Canadian Dollar pair as it followed the expected upward trajectory, reaching the official target stations at 1.3830 and 1.3860, with its highest level recorded at 1.3855. From a technical analysis perspective, the pair encountered resistance at the 1.3850 level, which curbed the …

US crude oil futures prices have established a robust support level, notably around the previously specified target in the prior report at $75.10. The lowest recorded level stood at $75.25, experiencing an upward rebound with the intention of retesting the psychological barrier resistance at $77.00. Despite the upward movement observed …

Gold prices have successfully reached the specified target outlined in the previous technical report, settling at the price of 1934 and marking its lowest level at $1933 per ounce. Upon closer examination from a technical analysis perspective, focusing on the 4-hour time frame chart, the influence of the simple moving …

The technical outlook for the Canadian dollar remains consistent, with no significant alterations in its movements. The currency continues to exhibit positive stability, initiating an assault on the psychological barrier resistance level of 1.3800, reaching its peak at 1.3816. From a technical analysis perspective today, our trading inclination leans towards …

The crucial resistance level highlighted in the preceding technical report at $77.00 proved to be a formidable barrier, intensifying negative sentiments on US crude oil futures. The market maintained negative stability, reaching its nadir at $75.25 per barrel. A detailed examination of the 240-minute timeframe chart reveals a sustained negative …

Gold prices have successfully established a robust support level at 1945, as highlighted in our previous report. The price’s ability to consolidate above this level could potentially lead to a retest of 1966. Examining the technical aspects today, on the 4-hour timeframe chart, the price remains below the formidable resistance …

The technical outlook for the pair remains unaltered, with no significant shifts in its movements. The currency pair has managed to sustain positive stability, finding a foothold on the support level of 1.3710. In today’s technical analysis, we are inclined towards a positive trading stance, drawing confidence from the pair’s …

The downtrend continues to dominate the movements of US crude oil futures contracts, marking the third consecutive session of losses. It reached the first official target mentioned in the previous report at $75.45, hitting a low of $74.96 per barrel. Analyzing the 240-minute time frame chart, we observe a persistent …