China’s imports of Saudi crude oil rose 8.8% in March from a year ago, driven by strong demand and with the arrival of shipments delayed due to congestion at ports. Imports from the UAE also increased again, jumping 86%. The volume of shipments from Saudi Arabia reached 7.84 million tons, …

Gold prices fell on Tuesday, April 20, after hitting a seven-week high in the previous session, as US bond yields favored a recovery in the face of support represented by the weakening of the US dollar. Gold fell in the spot market 0.1% to $1768.01 an ounce, after hitting $1789.77 …

Oil prices rose to the highest level in more than Tuesday, April 20, as the decline in the US dollar supported commodities and due to expectations of a decline in crude stocks in the United States, the largest consumer of fuel in the world, but the increase in Coronavirus cases …

The German DAX Index approached the first target at 15,530, to settle for recording a high of 15,513. On the technical side, the index found a strong resistance level around 15,500 under pressure from the negative signs of the RSI on short time frames, coinciding with the negative signs coming …

Negative trades dominated the Dow Jones Industrial Average on Wall Street during the previous trading session, to settle for recording its highest level around the 34,050 resistance level. On the technical side, today we find negative signs appearing on Stochastic, accompanied by negative signs coming from the RSI. From here, …

Positive trades dominated the moves of the pound sterling against its Japanese counterpart, touching the second target to be achieved during the previous analysis of 151.00 touching a high of 151.21. On the technical side today, the pair builds above 150.80 and generally above 150.30 supports the continuation of the …

We committed to intraday neutrality during the previous analysis due to the contradictory technical signals, and the Canadian dollar is still building on the support floor of 1.2470. Technically speaking, we tend to be positive, depending on the attempts of Stochastic to obtain additional momentum, in addition to the intraday …

Oil, Crude, trading

Oil, Crude, trading

Gold prices were able to continue achieving gains, as we expected during the previous trading session, approaching a few points difference from the first official leg located at 1794, to record its highest level of 1790. Technically, and with a closer look at the 60-minute chart, we find that the …