Tag: absolute

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Tag: absolute

2025-08-08 11:13:00 admin

Crude Oil Price Prediction: Key Support Break Signals Further Downside Risk Ahead

Selling pressure intensifies with risk building toward lower price levels.Crude oil remains under sustained selling pressure following Wednesday’s decisive break below the 61.8% Fibonacci retracement level, a key support within the current corrective structure. As of Thursday, crude is trading near the low of the day at $64.16, placing it on track for what may become a nine-week daily closing low – an indication of growing downside momentum. A close near current levels would confirm a clear shor

2025-08-05 18:13:41 admin

EUR/USD, GBP/USD, USD/CAD & USD/JPY Forecast: Can the US Dollar Recover After Recent Decline? | FX Analysis

Key Points:EUR/USD made an attempt to climb above the 1.1600 level but lost momentum and pulled back.GBP/USD failed to settle above the 1.3300 level. USD/JPY continued its attempts to settle below the support at 147.50 – 148.00.U.S. Dollar Stabilizes After Sell-OffDXY 040825 4h ChartU.S. Dollar Index gains ground as traders react to the better-than-expected Factory Orders report. The report indicated that Factory Orders decreased by -4.8% month-over-month in June, compared to analyst forecast of

2025-08-02 10:05:00 admin

Natural Gas Price Analysis: Will Key Long-Term Support Hold Amid Market Volatility?

Natural gas may have completed its correction after rebounding from a long-term support zone, signaling potential for a bullish reversal and sustained upside.Natural gas further stabilized around a potential support zone on Friday, which could lead to a bottom and a higher swing low. A breakout triggered above Thursday’s high and natural gas remains on track to end the session with a higher daily high and higher low.Currently, the low and high for the day are $3.05 and $3.13, respectively, which