US Crude Oil Inventories Exceeded Market Expectations

XAUUSD – Gold Technical Analysis

Gold is showing a negative trend today. If the yellow metal continues its downward movement, 2925 and 2920 can be monitored as important support levels. In case of a recovery, 2930 and 2935 will be key resistance levels to watch.

Resistance Levels: 2940 / 2950 / 2970
Support Levels: 2920 / 2910 / 2900
 

XAGUSD – Silver Technical Analysis

Silver prices are experiencing a negative trend in the morning session. If the downward movement continues, 32.75 and 32.60 will be important support levels. On the upside, 33.00 and 33.15 will serve as key resistance levels.

Resistance Levels: 33.00 / 33.15 / 33.30
Support Levels: 32.75 / 32.60 / 32.50
 

EUR/USD – Technical Analysis

EUR/USD is showing a decline in the morning session. If the downtrend persists, 1.0470 and 1.0430 will be key support levels. In case of an upward movement, 1.0510 and 1.0530 are critical resistance levels to watch.

Resistance Levels: 1.0510 / 1.0530 / 1.0550
Support Levels: 1.0470 / 1.0430 / 1.0400
 

NAS100 – Technical Analysis

If the downward movement in NAS100 futures continues, 22000 and 21900 will be important support levels. For upward movements, 22130 and 22200 will act as key resistance levels.

Resistance Levels: 22130 / 22200 / 22350
Support Levels: 22000 / 21900 / 21750
 

UKOIL – Technical Analysis

Trump's decision to increase fossil fuel production has influenced oil prices, which have been declining over the past four weeks. This morning, UKOIL futures are hovering around $76.30 per barrel. Technically, UKOIL is showing a short-term positive trend, and if the recovery continues, 76.40 and 77.00 will serve as resistance levels. In case of a pullback, 76.00 and 75.60 will be key support levels.

Resistance Levels: 76.60 / 77.00 / 77.30
Support Levels: 76.00 / 75.60 / 75.30