Oil prices fell for a second session on Tuesday, June 29, on concerns about slowing growth in fuel demand, as the outbreak of the most contagious delta from Covid-19 imposes new restrictions on movement around the world. Brent crude futures were down 26 cents, or 0.4%, at $74.42 a barrel, …

The German DAX index succeeded in touching the first target published during the previous analysis, at 15,640, recording its highest level at 15,650. On the technical side today, there is a conflict between the stochastic attempts to obtain positive crossover signals, and the negative pressure coming from the simple moving …

Oil, Crude, trading

Negative trading dominated the movements of the pound against the Japanese yen within the expected bearish path during the previous analysis, touching the first target that is required to be achieved at 153.45, approaching by a few points from the second target 153.00, recording its lowest level at 153.10. Technically, …

We maintain the same technical conditions for the Canadian dollar as the movements did not change much within attempts to rise within the expected bullish corrective slope. Technically speaking, the Canadian starts attacking the previously broken support-into-resistance level at 1.2330, 50.0% Fibonacci correction. Coming from the 50-day moving average. Therefore, …

Oil, Crude, trading

Oil, Crude, trading

Gold prices managed to touch the first target that is required to be achieved during the previous analysis, which is located at 1770, recording its lowest level at 1770. Today’s technical vision indicates the possibility of continuing the descending wave, relying on the price stability below the strong resistance 1785, …

The technical outlook is unchanged, and the euro’s movements against the US dollar did not change significantly, maintaining the negative stability within a gradual decline to the downside. On the technical side, today, we tend to the negativity, relying on the stability of trading below 1.1975 located at the 50.0% …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming events. Where are US stocks headed and will oil continue to rise? This and more in the next report. US Stocks The …