Crude oil futures settle at $69.96
Settles back down below the $70 level.
The price of crude oil futures are settling down nine cents or -0.13% at $69.96 after trading above and below the key $70 level over the last 24 trading hours.
The high price reached $70.62. The low price extended to $69.46. Today crude oil inventories showed a bigger than expected drawdown of -5.241 million barrels, but gasoline inventories were up 7.046M barrels (and above estimates of 1.200M.
Looking at the hourly chart above, the price decline today did find early buyers against its rising 100 hour moving average at $69.44 ( the low price reached $69.46). Going forward if the price can remain above the 100 hour moving average, the buyers remain firmly in control. A move below and staying below, would put the sellers in control.
Settles back down below the $70 level.
The price of crude oil futures are settling down nine cents or -0.13% at $69.96 after trading above and below the key $70 level over the last 24 trading hours.
The high price reached $70.62. The low price extended to $69.46. Today crude oil inventories showed a bigger than expected drawdown of -5.241 million barrels, but gasoline inventories were up 7.046M barrels (and above estimates of 1.200M.
Looking at the hourly chart above, the price decline today did find early buyers against its rising 100 hour moving average at $69.44 ( the low price reached $69.46). Going forward if the price can remain above the 100 hour moving average, the buyers remain firmly in control. A move below and staying below, would put the sellers in control.
EUR/USD Forex Signal: Consolidation Continues
The ECB release today is highly likely to cause volatility.
Last Tuesday’s EUR/USD signals were not triggered, as neither of the key levels were reached that day.
Today’s EUR/USD Signals
Risk 0.75%.
Trades may only be entered between 8am and 5pm London time today.
Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.2202, 1.2213, or 1.2277.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.
The ECB release today is highly likely to cause volatility.
Last Tuesday’s EUR/USD signals were not triggered, as neither of the key levels were reached that day.
Today’s EUR/USD Signals
Risk 0.75%.
Trades may only be entered between 8am and 5pm London time today.
Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.2202, 1.2213, or 1.2277.
Place the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.
Gold Price Outlook: Gold Pops on Hot Inflation- Bulls Eyes Resistance2021-06-10 17:16:00Gold prices are contracting within the June opening ran..
Gold Technical Price Outlook: XAU/USD Near-term Trade Levels
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Gold prices are virtually unchanged since the start of the week with XAU/USD recouping early losses on the heels of today’s US Inflation data release. While the broader outlook remains constructive, the April rally may yet be vulnerable while below technical resistance just higher and our immediate focus is on a break of the monthly opening-range for guidance. These are the updated targets and invalidation levels that matter on the XAU/USD technical charts. Review my latest Strategy Webinar for an in-depth breakdown of this gold technical setup and more.
Gold Technical Price Outlook: XAU/USD Near-term Trade Levels
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Gold prices are virtually unchanged since the start of the week with XAU/USD recouping early losses on the heels of today’s US Inflation data release. While the broader outlook remains constructive, the April rally may yet be vulnerable while below technical resistance just higher and our immediate focus is on a break of the monthly opening-range for guidance. These are the updated targets and invalidation levels that matter on the XAU/USD technical charts. Review my latest Strategy Webinar for an in-depth breakdown of this gold technical setup and more.
Eurusd buy
As we can see, a local channel has been formed within the global one.
The fight at the strong level 1.21779 continues to exist.
Yesterday's short forecast would have been relevant for today, if the instrument had gone below 1.210,
but this did not happen, we just pushed off again from the formed support and returned to the long zone beyond the level of 1.21779.
We suppose that the price will stay in this local channel for some time, we expect a slight increase.
———————
As we can see, a local channel has been formed within the global one.
The fight at the strong level 1.21779 continues to exist.
Yesterday's short forecast would have been relevant for today, if the instrument had gone below 1.210,
but this did not happen, we just pushed off again from the formed support and returned to the long zone beyond the level of 1.21779.
We suppose that the price will stay in this local channel for some time, we expect a slight increase.
———————
Attention Attention
Investment for five working days
300$ <-----------------------> $3000
400$ <-----------------------> $4000
500$ <-----------------------> $6000
600$ <-----------------------> $6500
1000$ <----------------------> $10000
1500$ <----------------------->$12500
2000$ <-----------------------> $14000
3000$ <-----------------------> $16000
4000$ <-----------------------> $19000
If You Are Interseted In this offers contact admin now
@rosefx03
Investment for five working days
300$ <-----------------------> $3000
400$ <-----------------------> $4000
500$ <-----------------------> $6000
600$ <-----------------------> $6500
1000$ <----------------------> $10000
1500$ <----------------------->$12500
2000$ <-----------------------> $14000
3000$ <-----------------------> $16000
4000$ <-----------------------> $19000
If You Are Interseted In this offers contact admin now
@rosefx03