US crude oil futures prices have sustained losses as anticipated in the previous report, reaching the initial target of $81.15 and touching a low of $80.80 per barrel. Upon analysis of the 240-minute timeframe, the trading remains stable below $82.00 and, more broadly, under the resistance level of $82.70. This …
Read More »Gold: Has the downward correction begun? 1/11/2023
Gold prices followed the pattern outlined in the last technical report, successfully retesting the officially designated target at $1977. Today’s session began with continued pressure on this level. Upon a detailed analysis of the 240-minute timeframe chart, it’s evident that the simple moving averages are exerting downward pressure on the …
Read More »CAD stable above support 31/10/2023
The previously mentioned support level at 1.3815 successfully contained the bearish momentum that emerged at the start of the last trading session. From a technical perspective, the trend is leaning towards positivity. The 50-day simple moving average continues to support the potential for an upward movement. Intraday trading maintains stability …
Read More »Oil confirms breach 31/10/2023
In the previous technical report, we maintained an intraday neutral stance for the US crude oil futures contract due to conflicting technical signals. The price movements indicated a downward trend, highlighting the necessity of a clear and robust breach of the 83.80 level to activate selling positions. The target after …
Read More »Gold may retest support 31/10/2023
Gold prices experienced subdued trading, predominantly following a slight downward trajectory, reaching its lowest point at $1,990 per ounce in the initial trading sessions of the week. From a technical perspective, today saw gold prices exerting downward pressure, particularly around the $1,995 mark. Additionally, both the Stochastic indicator and the …
Read More »CAD May Extend Its Gains 30/10/2023
As anticipated in our previous technical report, the Canadian dollar successfully reached its upward target at 1.3880, marking its peak at this level. From a technical perspective, a positive outlook persists, supported by the 50-day simple moving average and stable intraday trading above the 1.3815 support level. As long as …
Read More »Close Monitoring Essential for Oil 30/10/2023
In the latest analysis, US crude oil futures achieved the anticipated retest, reaching the target of $85.65 and even surpassing expectations at $85.85 per barrel. Examining the technical indicators, the 50-day simple moving average continues to exert pressure from above, while intraday trading remains below the extended resistance levels of …
Read More »Gold Surges Past $2000 Mark: Optimism Prevails 30/10/2023
In a thrilling turn, gold prices experienced a remarkable surge in last Friday’s trading session, far surpassing market expectations and reaching a pinnacle of success. The bullish trend, as anticipated in the previous technical report, not only met but exceeded its second official target of $2002, soaring to an impressive …
Read More »CAD retests support 27/10/2023
Positive trading continued to control the movements of the Canadian dollar during the previous trading session, heading to visit the first official target to be achieved yesterday at the price of 1.3845, recording its highest level of 1.3845. Technically, we are leaning towards positivity, relying on trading stability above the …
Read More »Oil is trying to recover 27/10/2023
During the previous trading session, Mixed trading dominated US crude oil futures. The price recorded its lowest level around $82.70 per barrel after an attempt to consolidate above $85.35. Technically, when we look closer at the 240-minute time frame chart, we notice the 50-day simple moving average trying to push …
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