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Oil, Crude, trading
Read More »Dow Jones Extends Its Gains 4/1/2022
GBP/JPY: Makes Strong Gains 4/1/2022
The British pound against its Japanese counterpart made noticeable gains and started today’s trading session by attacking the psychological barrier resistance level 156.00. Technically, today, we find the 50-day EMA returned to carry the price below, which comes in conjunction with the positive signals coming from the RSI on the …
Read More »The Canadian Dollar is Waiting For Pending Orders 4/1/2022
The Canadian dollar benefited from building a base on the strong support level located at 1.2630, which forced the pair to trade positively during the last trading session, to retest the previously broken support level of 1.2770. From the angle of technical analysis today, and with careful consideration on the …
Read More »GBP Fails to Maintain Its Gains 4/1/2022
Oil, Crude, trading
Read More »Oil Based on Support 4/1/2022
Oil, Crude, trading
Read More »Gold Hovers Around Support And Confirming The Break Extends The Losses 4/1/2022
The yellow metal prices declined noticeably yesterday, after it recorded the highest level of $ 1831 per ounce, to find a strong resistance level around the mentioned level, which forced it to retest the pivotal support level at 1797. On the technical side today, and by looking at the 240-minute …
Read More »The Euro Hits Strong Supply Level, Negativity Remains 4/1/2022
The single European flag faced selling during the last trading session due to hitting the strong supply level at 1.1380, which forced it to trade negatively to retest the psychological support level of 1.1300. Today’s technical aspect indicates the possibility of continuing the decline. With a closer look at the …
Read More »WTI Hovering Around $ 76 As Traders Await OPEC+ Meeting
OPEC and allies will have their twenty fourth meeting Tuesday to proceed with their plan to increase production by 400,000 barrels per month in January; the move was agreed to in December aiming at stabilizing the rising oil prices caused by low supply and global supply remains low. This may …
Read More »The Dollar Rises With The Beginning of 2021 Trading
The dollar rose somewhat against the major currencies as market sentiment improved on Monday, with European shares and government bond yields soaring on the first trading day of 2022. But trading volumes are expected to remain limited with London, Europe’s main currency market, closed for a holiday. Despite the rise …
Read More »Reuters: OPEC is Closer to Fixing Its Production Plans in February
Three sources from the OPEC + group said that the alliance is closer to committing to its plans to increase production in February, with a slight and short-term impact on demand from the Coronavirus, Omicron is likely. In a technical report seen by Reuters on Sunday, OPEC+ downplayed Omicron’s impact …
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