US Dollar turned lower last week after the strong bad effect of Trump’s trade rhetoric faded to some extent. The currency also missed the opportunity to make use of the testimony of Fed’s chief Jerome Powell against the Senate. Recent inflation and spending data played a role in dollar weakness …
Read More »Oil: Bearish Technical Structure 13/2/2025
US Crude Oil Price Analysis US crude oil declined sharply after failing to hold above $73.00 per barrel for an extended period. Technical Outlook: Bearish Indicators: The 4-hour chart shows clear selling pressure at the open. Negative crossover of simple moving averages is weighing on prices. A bearish technical structure …
Read More »Gold rests on support 13/2/2025
Gold Price Analysis Gold successfully retested the 2870 support level and closed above it, initiating an upward move in today’s session, reaching $2918 per ounce. Technical Outlook: Bullish Indicators: Simple moving averages support the continuation of the upward trend. The 14-day momentum indicator signals positive momentum. Bearish Risk: A drop …
Read More »Oil is trying to recover 11/2/2025
U.S. crude oil futures extended their gains, finding support at $70.90 and reaching a session high of $72.57 per barrel. Technical Outlook: The 4-hour chart shows that simple moving averages are supporting the price from below, offering a positive momentum boost. Oil has stabilized above $72.30, reinforcing the potential for …
Read More »Gold hits record highs 11/2/2025
Gold continues to post record highs, extending its longest winning streak since 2020, reaching $2942 per ounce during early trading today. Technical Outlook: The 4-hour chart shows that simple moving averages continue to support an upward trajectory. However, gold is facing resistance at $2942, aligning with the upper boundary of …
Read More »Oil suffers huge losses 6/2/2025
WTI crude oil continues its losing streak for the third consecutive session, now testing the psychological support at $71.00. Technical Outlook: Moving averages exert downward pressure, reinforcing the bearish bias. Price remains below the previously broken support at 72.40, which has now turned into resistance. Key Levels to Watch: Bearish …
Read More »Gold may continue to rise 6/2/2025
Gold prices successfully reached the target of 2870 in the previous session, recording a new high at $2882 per ounce. Technical Outlook: Moving averages continue to support an upward trend. Gold remains within an ascending price channel, with 2840 acting as a key support level. Key Levels to Watch: Bullish …
Read More »Oil touches official target 30/1/2025
A bearish trend dominated US crude oil futures, aligning with the previous technical outlook, as the price successfully touched the $72.30 target. Technical Outlook: Simple moving averages continue to pressure prices downward. The price remains below the previously broken support at $73.90, now acting as a resistance level. Key Levels …
Read More »Gold is based on support 30/1/2025
Gold managed to establish strong support above $2740, rebounding higher in the previous session and reaching $2766 per ounce. Technical Outlook: The price remains above the 50-day simple moving average, reinforcing bullish momentum. The Stochastic indicator shows positive signals, suggesting further upside potential. Key Levels to Watch: Above $2770: A …
Read More »Oil: Negative pressure persists 29/1/2025
Negative pressure continues to dominate U.S. crude oil futures, with prices reaching a low of $72.95 per barrel during the previous session. From a technical perspective, the 4-hour chart reveals a bearish head and shoulders formation, with the price remaining below 74.25, further pressured by negative signals from the simple …
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