Daily Forecast: EUR/USD, Gold, Oil and Gas
Anton Kolhanov | Feb 23, 2018 02:26AM ET
DAILY FORECAST
EUR/USD
The market is trading along a downtrend with target on 1.2205 - 1.2245, that may be expected to continue, while market is trading below resistance level 1.2335.
An uptrend will start as soon as the market rises above resistance level 1.2335, which will be followed by a move up to resistance level 1.2410.
Gold
The market is trading along a downtrend with target on 1314 - 1307, that may be expected to continue, while market is trading below resistance level 1327.
An uptrend will start as soon as the market rises above resistance level 1327, which will be followed by a move up to resistance level 1339.
US Crude Oil
An uptrend will start as soon as the market rises above resistance level 61.85, which will be followed by a move up to resistance level 62.40 and 63.40.
An downtrend will start as soon, as the market drops below support level 60.85, which will be followed by a move down to support level 60.00 and if it keeps on moving down below that level, we may expect the market to reach support level 58.80.
Natural Gas
The market is trading along an uptrend with target on 2.750 and 2.820, that may be expected to continue, while market is trading above support level 2.640.
An downtrend will start as soon, as the market drops below support level 2.640, which will be followed by a move down to support level 2.600 and 2.550.
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