Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Crude oil surpasses the support

Economies.com
2013-05-22 18:45PM UTC

Crude oil price managed to break the support line mentioned today at 94.65, opening the way for more decline, which targets now the upside channel's support at 92.75

 

The suggested scenario in our major technical reports remains valid and active for the rest of the day.

Gold continues the tests

Economies.com
2013-05-22 18:45PM UTC

Gold price continues to test the critical levels mentioned in our major technical reports, as it rallied positively touching levels above 1400.00 without managing to settle above it for long time, to fall strongly approaching the sensitive support line at 1353.00

 

We are still monitoring the price behavior according to the intraday and short term trend keys, taking into consideration the importance of watching the daily candlesticks' closing according to the mentioned levels.

USD CAD attacks the resistance

Economies.com
2013-05-22 18:42PM UTC

The pair rallies to strongly the upside surpassing 1.0365 barrier which was mentioned in our major technical reports, which represents the key of the bullish trend continuation.

 

Our positive overview remains active, and a daily close above the mentioned level will open the way to head towards 1.0660

 

EUR USD retests

Economies.com
2013-05-22 18:41PM UTC

The pair retested 1.2990 level and declined quickly from there to resume the negative scenario approaching from 1.2800 barrier now.

 

EMA50 and stochastic support the suggested expectations for today.