Tag Archives: technical

US crude oil futures extended their losses during the European trading session, reaching the first official target of $69.00 and recording a low of $68.85 per barrel. From a technical perspective, oil found solid support near $69.00, leading to some temporary gains. However, a closer look at the 4-hour chart …

Gold prices saw positive attempts within the expected upward trend mentioned in the previous report, reaching a high of around $2,500 per ounce. From a technical standpoint today, after achieving the official target of $2,470 earlier this week, we note that the price has stabilized above this level, encouraging clear …

U.S. crude oil futures experienced significant losses, surpassing the downside targets set in the previous trading session at 72.20, and recording a low of 69.75 during today’s Asian session. Technically, the 4-hour chart indicates that the bearish technical structure remains intact and effective, further reinforced by the ongoing negative pressure …

Gold prices suffered significant losses yesterday, as anticipated in our previous technical report, reaching the key levels of 2486 and then 2470, with a low of $2473 per ounce. From a technical standpoint today, we observe that gold has momentarily stabilized above 2486 and generally above 2476. A closer look …

U.S. crude oil futures have experienced a significant decline, marking the worst monthly performance since the beginning of the year. Oil prices lost nearly 6.15% during August, reaching a low of approximately $72.90 per barrel yesterday. From a technical standpoint, the 4-hour chart reveals a bearish pattern, suggesting a continued …

Gold prices experienced a mild downward trend during the previous trading session, attempting to stabilize above the psychological resistance level of 2500, but ultimately closed the day below this threshold. From a technical standpoint, the price is under selling pressure, largely due to its position below the 50-day simple moving …

Euro has shown resilience despite weaker-than-expected German economic data released on Tuesday. This data highlighted a deterioration in consumer confidence within the Eurozone. The German GfK consumer confidence index fell to -22.0 in September, compared to -18.6 in August, reflecting growing pessimism among European consumers about the economic outlook. Additionally, …

US crude oil futures surged yesterday, reaching a high of $78.70 per barrel. Technically, the 4-hour chart indicates that oil has moved above the 50-day simple moving average, supporting a positive outlook. Additionally, the price is holding above the 78.00 support level. Given this stability, the upward trend appears likely …

Gold prices saw notable gains in the previous trading session. Previously, we maintained a neutral stance due to conflicting technical signals, noting that a break above 2394 could trigger an upward trend towards targets of 2410 and 2420, with potential further gains extending to 2437. The price has now reached …

US crude oil futures experienced significant losses in the early trading sessions of this week, reaching the projected targets from the previous report at 76.40 and 75.95, and coming close to the next target of 75.10, with a low of $75.39 per barrel during this morning’s trading. Technically, the 4-hour …