Oil, Crude, trading

Negative trading dominated the yellow metal yesterday after it found a strong resistance near 1865, which forced it to re-test the 1838 support level. On the technical side, today we find the RSI trying to provide bullish signs of a rebound on short time frames, supported by the continued obtaining …

We committed to the intraday neutrality during the previous analysis due to the conflicting technical signals. Technically, and with a closer look at the 240-minute chart, we find the negative pressure coming from the 50-day moving average, and we find that the RSI indicator began to gain bearish momentum on …

A draft document by the German Economy Ministry and seen by Reuters stated that the German economy, the largest in Europe, is likely to reach pre-coronavirus levels in mid-2022. In its draft annual economic report, the ministry said that the state of the global economy, untapped production capabilities, and early …

Barclays Bank raised its forecast for oil prices in 2021, driven by “temporary factors” such as improved demand for fuel in winter due to cold weather, especially in Asia, and a weak dollar. The bank maintained its optimistic forecast of oil prices in the second half of the year, but …

China received the largest foreign direct investment in 2020 as the Coronavirus spread around the world throughout the year, while the Chinese economy attracted $ 163 billion in inflows. The United Nations Conference on Trade and Development (UNCTAD) said in a report that Chinese flows of $163 billion last year …

A draft document by the German Economy Ministry and seen by Reuters stated that the German economy, the largest in Europe, is likely to reach pre-coronavirus levels in mid-2022. In its draft annual economic report, the ministry said that the state of the global economy, untapped production capabilities, and early …

British Prime Minister Boris Johnson said on Monday that they will look at the potential to relax some of the coronavirus-related restriction measures, as reported by Reuters. “Noone would want to lift restrictions when the infection rate is so high.”“We don’t want a surge in infections.”“We will be responsible and …

Gold prices rose in light of the continuing pressures on the dollar, as investors follow the massive stimulus package announced by US President Joe Biden’s administration. Spot gold rose 0.2% to $ 1855.40 an ounce during the session. And US gold futures fell 0.1% at about $ 1855. The US …

The Wall Street Journal reported Saturday that former President Donald Trump has considered replacing the acting attorney general with an official willing to pursue unfounded allegations of election fraud and pushing the Justice Department to demand the Supreme Court invalidate President Joe Biden’s victory. The newspaper added, citing people familiar …