Energies
About: seooptimization
Recent Posts by seooptimization
Today Technical Analysis: Bitcoin Breaks $110,000 Again and Nears its All-Time High
Despite recent fluctuations on the USDJPY, the pair is still trading in an uptrend in the short term. Price continues to move above the moving average MA(30) on the hourly chart which confirms the uptrend. USDJPY is facing a critical resistance level at 145.30 as price failed to break above this level multiple times. ClosingContinue Reading
Daily Technical Analysis: Oil Reaches the Highest Level in Two Months, Brent Breaks $67
Oil prices showed strength in May and continue to rise in June, reaching two-month highs this week. West Texas Intermediate is trading above $64 today and heading for $65.00 psychological resistance level. Price is finding support at the moving average MA(30) on the 4H chart, confirming the uptrend in the mid-term. Moving averages Ma(5) andContinue Reading
Daily Fundamental Analysis: Global Markets Rise as US-China Trade Talks Show Progress
Asia-Pacific markets rose Tuesday amid ongoing U.S.-China trade talks, which were slated to continue for a second day. Officials met for trade talks in London. Asian markets showed modest gains: Japan’s Nikkei 225 rose 0.92%, South Korea’s Kospi 0.42%, China’s CSI 300 0.16%, Hong Kong’s Hang Seng 0.33%, and Australia’s S&P/ASX 200 0.73%. U.S. futuresContinue Reading
Daily Fundamental Analysis: US-China Trade Talks Resume as Chinese Exports to the US Plunge
China’s May exports fell short of expectations, with U.S. shipments are down 34.5% year-over-year. Analysts expect improvement following the US-China trade negotiations. Overall exports grew 4.8% versus last year, below the expected 5%. Imports fell 3.4%, worse than the forecast 0.9% decline. However, exports to Southeast Asia, EU, and Africa rose significantly, helping offset U.S.Continue Reading
Daily Technical Analysis: US Indices Trade at Highest Level Since February, S&P500 Breaks Above 6,000
Gold prices fell sharply during last week’s trading. The precious metal fell below $3,300 before rebounding upward. Price is currently under all moving averages, which supports bearish sentiment. MACD shows bearish momentum on the 4H chart. Price might find pressure at the dynamic resistance levels of the moving averages. Failing to cross above $3,350 couldContinue Reading
