Technical Analysis

(WTI crude) USOIL gaining momentum (WTI crude) USOIL gained some recovery after a firm bounce at 61.50. A break above the previous high of 63.50 would attract momentum buyers, extending the recovery. The RSI's double bottom in the…
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The Dow tested the resistance trend at 45700-50 last Friday before hitting a correction towards the 45200 zone. As long as the market keeps holding below the resistance trend of 45700-50, another drop will be expected with support at…
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Gold hit 3575 and 3600 while managing today to break above the 3600 level. As we see over the Intraday chart, prices face support around 3600, where as long as prices hold above it, more advance toward 3645 and 3675 will be expected.…
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Crude Oil managed to meet the target of 61.50 last Friday. As we see over the Intraday chart, prices face resistances around 63.50 and 65.00-80, where as long as the market holds below one of those resistances another drop swing toward…
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USDJPY held above the support trend of 146.50-70 which the market tested several times and hit a rebound towards 149.12 so far. Below 146.50 more of a drop to re-test the old support at 145.70 which in turn could activate another…
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GBPUSD managed to test the resistance of 1.3535-45 as the market still holds below it, which could push for another drop. Above 1.3590 more advance toward 1.3745-75 will be expected. Below 1.3415 this will be first sign of a weak…
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The Euro moved above the resistance of 1.1720-40 which could cause a further advance toward targets 1.1830 and 1.2000. As we see over the Intraday chart, the market is facing support around 1.1680. If prices hold above it, more advance…
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(Dow) US 30 moves towards 46K The (Dow) US 30 bounces higher as stocks recover across the board. The previous sell-off saw many buyers bail out, but the index remained firm and is now on the path to a full recovery. However, the RSI's…
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