Tag Archives: technical

Gold prices are striving to maintain a positive stance as the first trading sessions of the week commence, successfully re-establishing stability above the crucial support level of 2065. From a technical analysis standpoint, a closer examination of the 4-hour chart reveals that the simple moving averages are reinforcing the upward …

US crude oil futures prices witnessed a downward trend during the previous trading session, invalidating the expected bullish scenario in which we relied on trading bases above 73.70 at the time of writing the technical report. Technically, by looking at the 4-hour time frame chart, we find that oil prices …

Gold prices maintained the expected upward trend during the previous technical report, continuing to build a rising wave, exceeding yesterday’s official target station of 2078, recording its highest level of $2088 during early trading in today’s session. From the angle of technical analysis today, and with a closer look at …

US crude oil futures exhibited a significant uptrend in the previous trading session, leveraging robust support around $73.20 and reaching a peak of $76.14 per barrel. Technical indicators, including the positive alignment of simple moving averages and encouraging signals from the Relative Strength Index (RSI), contribute to the optimistic outlook. …

Gold prices have experienced a notable surge, aligning with the positive outlook outlined in the recent technical report issued last Friday. The precious metal reached the official target of $2068 and attained its highest level at $2069 per ounce during yesterday’s trading session. Today’s technical analysis suggests the potential for …

Mixed trading characterized the prices of US crude oil futures contracts, exhibiting fluctuations in both upward and downward directions. Amidst yesterday’s trading, it successfully retested the target at 73.10, reaching its lowest point at 72.45. Subsequently, it initiated an upward rebound around the resistance level of 74.90, achieving a peak …

Gold prices successfully reached the initial target outlined in the previous technical report, hitting the price of 2051 and achieving a peak at $2055 per ounce. On the technical front today, a closer examination of the 240-minute time frame chart reveals that the simple moving averages continue to provide a …

Positive trading prevailed in the US crude oil futures market until midday, reaching the designated target of 75.40 and peaking at 75.35. Technically, examining the 4-hour chart reveals that the 75.40 level is exerting substantial downward pressure on oil, prompting a swift retreat towards 73.54. The negative stochastic indicator is …

Gold prices experienced a temporary downturn following a formidable resistance encounter near 2044, compelling a negative trade that approached the support level highlighted in the preceding report at 2025. The lowest point was marked at 2027 before initiating renewed efforts toward an upward recovery. Upon a detailed examination of the …

Yesterday, US crude oil futures saw a dominant upward trend, aligning with the anticipated trajectory and initiating an attack on the 74.55 resistance level. It’s emphasized that breaching this level is essential for the continuation of the upward movement. From a technical standpoint, oil prices are striving to maintain positive …