https://content.tmgm-dev.com/uploads/articles/jit1z5W8QfRivQo6c6QOqzENgI8MNGFk8JWwdaqj.png
16 Dec, 2024
5 minutes

Daily Technical Analysis:GBP/USD、Crude Oil

Welcome to our daily technical analysis of the financial markets, focusing today on GBP/USD and Crude OiL. Let's dissect the latest news, market trends, and crucial price levels to watch out for.

1. GBP/USD Analysis:
News Summary:
Capital Economics UK economists said the Bank of England was unlikely to cut interest rates at Thursday's meeting, but confidence in that was not as strong as before the data. In addition, trade data released by the British Office for National Statistics showed that British imports and exports of goods fell in October. For the first time in almost a year, the volume of goods exported to the EU was higher than exports to the rest of the world. The export environment weakened against the backdrop of rising global policy uncertainty and declining business confidence.

Trend Analysis:
We can see GBP/USD fluctuated at a low level and ran below the 48 hours moving average on H4 chart. In addition, the MACD double line and energy bar further converge below the zero axis. The sell limit could be placed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.2540]
Key Resistance Levels: [1.2700]
Pivot Points [1.2680]

 

2. Crude Oil Analysis:

News Summary:
The crude oil market has been positive over the past week but remains in a consolidation mode. Market expectations are that further sanctions on Russia and Iran could tighten supplies, and lower interest rates in Europe and the United States could boost fuel demand. The rebound has been driven by a combination of expectations for tightening sanctions on Russia and Iran, more supportive economic guidance from Asian countries, political turmoil in the Middle East and the prospect of a rate cut by the Federal Reserve next week.

Trend Analysis:
We can see H4 level of crude oil oscillated and rose and was still running above the 48 hours moving average. On the other hand, the MACD double line and the energy column form top divergence above the zero axis. The sell limit could be used, stop loss is mandatory.

Today's Key Price Levels:
Key Support Levels: [68.70]
Key Resistance Levels: [73.00]
Pivot Points [71.80]

Empezar! Regístrate y accede a los Mercados Globales en menos de 3 minutos

Ejecución a velocidad relámpago con soporte al cliente 24/7