USDWTI Price Analysis – April 6 West Texas Intermediate (WTI) oil is priced in red on Monday after hitting a $29.11 level as the emergency session of OPEC+ has been delayed. The drop may also be related to Saudi Arabia and Russia’s decision to delay the scheduled emergency session until Thursday to negotiate production cuts. Key […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Ranging Ethereum has made an impressive move as bulls break away from the range-bound zone of $120 and $140. The upward move is likely to continue if the bulls sustain the price above the range-bound zone. Unfortunately, the bulls are […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Bitcoin has been ranging above $6,800 for the past three days. On March 3, the market reached a higher of $7,049.10 after a rebound from the previous low of $6,180. The bears defended the $7,000 overhead resistance […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Bearish US Wall Street 30 upward move has been hindered near the 23000 resistance zone. The bulls tested the resistance zone twice before pulling back. The upward move is doubtful as the index continues to fall. […]
Resistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish FTSE 100 share upward move is presently facing resistance at 5750. The bulls have made two attempts to penetrate the resistance but to no avail. The market is falling after two unsuccessful attempts at the resistance. On the downside, […]
GBPUSD Price Analysis – April 5 The GBPUSD pair concluded the prior week with a loss to 1.2263 level, though at the peak of respective prior weekly levels. On Friday the pair declined to 1.2205 level as sellers recovered momentum beneath 1.2300 level, though the greenback demand seemed relatively strong. Key Levels Resistance Levels: 1.3514, 1.3172, 1.2506 Support […]
S&P 500 Price Analysis – April 5 In the first quarter of the financial crisis, the S&P 500 reported its worst performance, as recorded cases of coronavirus now amount to over a million globally. The S&P 500 began the new quarter after rising by 17.9% relative to its low in the last seven trading days, with […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Since April 1, Bitcoin has been fluctuating between $6,000 and $7,000. Today, BTC reached a high of $6,917.90 but the bulls fail to break the resistance level. Consequently, BTC is on a downward move. Its initial fall […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish JP225USD upward move has been hampered because of the resistance at 20000. The index is falling back to the 16000 low. The upward may resume if the index falls to the low of either 16000 or 17000. […]
