Tag Archives: technical

An upward trend dominated the price movements of US crude oil futures contracts, as anticipated, reaching the official target at $79.40 and marking its highest level at $79.65 per barrel. However, technical analysis indicates that oil prices encountered strong resistance around $79.60, prompting a rapid reversal in the trend. Currently, …

The support level mentioned in the previous technical report, situated at $2036, effectively restrained the downward movement in gold prices during the last trading session. In terms of technical analysis today, examining the 240-minute time frame chart reveals that the price is currently holding above $2031, with the Stochastic indicator …

Positive momentum has taken control of US crude oil futures, defying the previously anticipated negative outlook. The emphasis was on stability below the resistance level of 77.80, with a clear indication that surpassing this level would thwart the bearish scenario. This prediction materialized as oil prices rose above 77.80, reaching …

Gold prices are endeavoring to sustain the gains made throughout this week’s trading, reaching a peak yesterday at around $2052 per ounce. From a technical analysis perspective today, on the 240-minute time frame chart, the 50-day simple moving average continues to support the ongoing upward trend. This support is reinforced …

US crude oil futures witnessed mixed trading as they attempted to rise, yet these efforts remain limited, and the price remains stable below the resistance level at 77.80. Examining the 4-hour chart, negative features are evident on the Stochastic indicator, gradually losing its upward momentum. This aligns with the continued …

Gold prices surged significantly, achieving all the predetermined targets and reaching the official target of 2029, marking a peak at $2052 per ounce. Examining the technical aspects on the 4-hour chart, the 50-day simple moving average lends support to the ongoing upward momentum, complemented by evident positive signals on the …

Negative trading dominated US crude oil futures prices, aligning with the anticipated downward trajectory outlined in the previous technical report. The market touched the initial target at 74.75 and extended losses to reach the subsequent station at 74.50, recording a low of $74.00 per barrel. Examining the 4-hour chart, there …

Gold prices surged to achieve significant gains yesterday, meeting the expectations outlined in the previous technical report. The precious metal touched the second official target set in the report, reaching a peak of $2018 per ounce, which corresponds to the 2017 price level. Today’s technical analysis suggests the potential for …

In the previous report, we maintained a neutral stance, emphasizing that the activation of selling positions would hinge on a breach below the robust support level of 1.3680. Such a breach could pave the way for the pair to reach 1.3600, and the pair indeed recorded its lowest level at …

US crude oil futures prices experienced a significant decline last Friday, reaching the initial official target outlined in the preceding report at $75.75 and recording their lowest point at $75.13 per barrel. From a technical perspective, the prevailing downward trend persists, with trading consolidating below the 76.40 resistance level. This …