Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Oil, Crude, trading

WTI crude oil futures prices surged yesterday, marking the third consecutive week of gains and reaching our previously identified target of 82.90, ultimately peaking at $83.60 per barrel. Technical Outlook: The technical outlook remains strongly bullish. The 4-hour chart reveals continued support from the simple moving averages (SMAs) for the …

Gold prices continue to trade within a tight range, bounded by the 2318 support level and the 2340 resistance level. Technical Outlook: The technical outlook remains bearish, as the price continues to trade below the crucial 2340 resistance level (23.60% Fibonacci retracement) on the 240-minute chart. The 50-day simple moving …

The EUR/USD pair has experienced positive trades in early week trading but faces resistance at the 1.0760 level (50.0% Fibonacci retracement). Technical Outlook: On the 4-hour chart, the pair is consolidating below 1.0760, but the simple moving averages (SMAs) are providing support from below, suggesting potential for further upside. However, …

Asian stocks experienced a subdued trading session on Tuesday, as investors remained cautious ahead of a speech by Federal Reserve Chair Jerome Powell, which could offer insights into the future trajectory of U.S. interest rates. Powell’s Speech and Interest Rate Outlook Regional markets were influenced by a slightly positive overnight …

Before Fed Chair Powell and ECB President Christine Lagarde speak on Tuesday, the US dollar recovered from a negative start to the week amid growing prudence and a generalized desire for risk.CurrenciesAfter losing two straight sessions, the USD Index (DXY) turned its attention back to the crucial 106.00 level. J. …

The far-right in France is on the rise, according to the results of Sunday’s early elections. Marine Le Pen, the National Rally Party’s initial opponent of French President Emmanuel Macron in the previous presidential election, is leading this movement. Without a doubt, the success of this political movement would give …

The US dollar and Treasury yields continue to rise without affecting the value of gold. Mixed data on US manufacturing: For the third straight month, the S&P PMI rises while the ISM PMI falls. The US 10-year Treasury yield rises by about 9 basis points to 4.489%, supporting the dollar’s …

Tesla stocks have been on the comeback trail recently, and that continued on the first trading day of July. Shares of the leading electric vehicle maker were higher by 5.5% on Monday morning. The stock is now up by about 18% over the past month.Today’s leap comes just one day …

Since the start of daily trading on Monday, US bond rates have risen due to a number of very helpful variables, including seasonal and political factors as well as economic and political considerations that contributed to generating the momentum of the current rise in those yields.Ten-year US Treasury bond yields …