EUR/USD
The pair is trading along an uptrend with target on 1,1370 and may be expected to continue, while pair is trading above support level 1,1210.
An downtrend will start as soon, as the pair drops below support level 1,1210, which will be followed by moving down to support level 1,1107
GOLD
The pair is trading along an uptrend with target on 1433 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1470.
Downtrend can start from resistance level 1433, which will be followed by moving down to support level 1397 – 1382.
Crude oil
The pair is trading along an uptrend with target on 61,45, 63,10 and may be expected to continue, while pair is trading above support level 59,25.
An downtrend will start as soon, as the pair drops below support level 59,25, which will be followed by moving down to support level 57,50.
S&P500
The pair is trading along an uptrend with target on 3050 and may be expected to continue, while pair is trading above support level 3002,45.
An downtrend will start as soon, as the pair drops below support level 3002,45, which will be followed by moving down to support level 2958.
Natural Gas
The pair is trading along an sideways trend between support 2,365 and resistance 2,490.
An uptrend will start as soon, as the pair rises above resistance level 2,490, which will be followed by moving up to resistance level 2,630.
An downtrend will start as soon, as the pair drops below support level 2,365, which will be followed by moving down to support level 2,175.
Soybean
The pair is trading along an uptrend with target on 943 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 985.
An downtrend can start from resistance 943, which will be followed by moving down to support level 894.
All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.
Recommended Content
Editors’ Picks
AUD/USD favours extra retracements in the short term
AUD/USD kept the negative stance well in place and briefly broke below the key 0.6400 support to clinch a new low for the year on the back of the strong dollar and mixed results from the Chinese docket.
EUR/USD now shifts its attention to 1.0500
The ongoing upward momentum of the Greenback prompted EUR/USD to lose more ground, hitting new lows for 2024 around 1.0600, driven by the significant divergence in monetary policy between the Fed and the ECB.
Gold aiming to re-conquer the $2,400 level
Gold stages a correction on Tuesday and fluctuates in negative territory near $2,370 following Monday's upsurge. The benchmark 10-year US Treasury bond yield continues to push higher above 4.6% and makes it difficult for XAU/USD to gain traction.
Bitcoin price defends $60K as whales hold onto their BTC despite market dip
Bitcoin (BTC) price still has traders and investors at the edge of their seats as it slides further away from its all-time high (ATH) of $73,777. Some call it a shakeout meant to dispel the weak hands, while others see it as a buying opportunity.
Friday's Silver selloff may have actually been great news for silver bulls!
Silver endured a significant selloff last Friday. Was this another step forward in the bull market? This may seem counterintuitive, but GoldMoney founder James Turk thinks it was a positive sign for silver bulls.