A report from the OPEC+ Joint Technical Committee reviewed by Reuters revealed concerns that uncertainty may affect the recovery of oil demand amid increasing global coronavirus infections and lockdown measures. The committee added in the report that despite the ongoing elimination of OECD commercial stocks, still above the 2015-2019 average, …

The German DAX index was able to surpass the required official target at 14,995, to record its highest price at 15042. On the technical side, we hold onto our positive outlook, relying on trading stability above the previously breached resistance at 14,925 in addition to the positive signs coming from …

The technical outlook remains unchanged while the Dow Jones Industrial Average attempts to hold onto its recent gains today. Technically speaking, it indicates the possibility of continuing to rise. With a closer look at the 60-minute chart, the RSI indicator continues to defend the upside, and this comes along with …

The pound witnessed a bullish bias during yesterday’s session within the expected positive outlook in the previous analysis, surpassing the first target of 152.00, recording a high of 152.24. On the technical side today, the stability of the intraday trading above 151.40 is a positive factor that increases the probability …

Narrow range sideways trading tends to be positive, and the Canadian dollar maintains the bullish context within the awaited bullish correctional trend. From a technical analysis, we find that the pair managed to build an intraday above the support level of 1.2580, accompanied by the positive stimulus of the 50-day …

Oil, Crude, trading

Oil, Crude, trading

Gold prices retreated significantly within the bearish trend, as we expected, explaining that trading below 1691 extends gold’s losses, opening the way to visit 1685, recording its lowest price of 1678. Technically, and by looking at the chart, the current prices of the yellow metal are witnessing stability below the …

The single European currency succeeded in touching the target mentioned in the previous analysis, located at the price of 1.1700, to record the lowest price during the morning trading of the current session at 1.1700. Technically speaking and with a closer look at the chart, with regular work inside the …

Consumer confidence in the US improved sharply in March with the Conference Board’s Consumer Confidence Index rising to 109.7 from 90.4 in February. This reading beat the market expectation of 96.9 by a wide margin. Further details of the publication showed that the Present Situation Index jumped to 110 from …