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Technical Outlook

BRENT OIL continues to advance on persisting uncertainty in the Middle East

Slobodan Drvenica Aug 21, 2026
Technical Outlook

BTCUSD hits the highest in almost four months following rally of over 20% in past three days

Slobodan Drvenica Aug 21, 2026
Technical Outlook

Gold price moves lower as trade tensions ease

Slobodan Drvenica Jul 26, 2018
Spot Gold price eased from recovery high at $1235 on Thursday, failing to extend strong advance of previous day, as positive tone from US/EU trade talks lowered tensions about trade war. Gold dipped despite weaker dollar as safe-haven…
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Technical Outlook

Bullish signal on probe above 55SMA needs confirmation on break above $70.00/20 pivots

Slobodan Drvenica Jul 26, 2018
WTI oil consolidates on Thursday after strong two-day rally, triggered by fresh draw in crude stocks and reduced Saudi Arabia oil shipments through Red Sea. EIA report on Wednesday showed draw in crude inventories of 6.14 million barrels…
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Technical Outlook

Bears pressure pivotal supports at 110.64/51 and may extend to 110.00 zone on break

Slobodan Drvenica Jul 26, 2018
The pair remains in red for the sixth straight day and extends pullback from 113.17, where larger bulls were capped by weekly 200 SMA. The dollar was additionally pressured by positive tone from US/EU trade talks and fresh weakness…
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Technical Outlook

Corrective dips to precede fresh upside

Slobodan Drvenica Jul 26, 2018
Cable eased from the session high at 1.3213 as probe through pivotal barrier at 1.3208 (Fibo 61.8% of 1.3362/1.2957 failed at the initial attempt. Brexit talks are to resume with UK PM May retaking control of Brexit which could supportive…
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Technical Outlook

Positive tone of US/EU talks supportive; hawkish hints from ECB eyed for further boost

Slobodan Drvenica Jul 26, 2018
The Euro remains constructive in early Thursday's trading and cracked triangle resistance (1.1747) in extension of Wednesday's advance. Positive tone from Trump-Juncker meeting, as US and EU agreed to work together on zero tariffs,…
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Technical Outlook

Fresh advance could extend on break of $1232/35 pivots

Slobodan Drvenica Jul 25, 2018
Spot Gold advanced on Wednesday as the greenback eased ahead of meeting between US president Trump and EU Commission President Juncker on trade-focused talks, due today. The yellow metal rose around $9 for the session and pressures pivotal…
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Technical Outlook

Directionless mode extends but bias turns positive on fall of crude stocks

Slobodan Drvenica Jul 25, 2018
WTI oil moved slightly lower in Wednesday's mid-European session trading but remains constructive following strong rally on Tuesday. Oil prices are supported by strong concerns about oil production in Venezuela and were additionally…
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Technical Outlook

Mixed signals result in extended narrowing consolidation

Slobodan Drvenica Jul 25, 2018
The pair is holding within narrowing consolidation which extends into third straight day, but so far without clear direction, due to mixed signals / techs. Monday's strong downside rejection at 110.75 (left long-tailed Doji) was initial…
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Technical Outlook

Cable stands at the front foot but still lacks clearer direction signal

Slobodan Drvenica Jul 25, 2018
Cable stands at the front foot in early Wednesday's trading, supported by Tuesday's bullish engulfing and eased Brexit concerns. Extension of Tuesday's rally cracked technical barriers at 1.3160/73 (50% of 1.3362/1.2957 / 20SMA) but…
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Technical Outlook

Tight ranges ahead of German Ifo data; Thick daily cloud continues to cap

Slobodan Drvenica Jul 25, 2018
The Euro remains in a quiet mode at the beginning of European session, after Tuesday's trading ended in Doji candle. The action remains capped by falling 55SMA (1.1701) and heavily weighed by falling thick daily cloud (cloud base lays at…
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Latest Posts
  • BRENT OIL continues to advance on persisting uncertainty in the Middle East
  • BTCUSD hits the highest in almost four months following rally of over 20% in past three days
  • EURUSD – bulls take a breather ahead of fresh advance
  • GOLD rises over 3% on weaker dollar
  • UK inflation jumps to four-month high in July

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