Oil prices rose to their highest levels in just over a year, with Brent crude futures exceeding $60 a barrel, supported by supply cuts from major producers and hopes for more US economic stimulus measures to support demand. Brent crude for April delivery touched $60.06 a barrel, its peak since …

Bitcoin started its daily trading at noticeable heights, as the current moves witnessed stability around the highest level at 39,170. Technically, we tend to be positive, relying on the return of the price stability above the 50-day moving average that meets around 38,630. Therefore, we target 39,315 as a first …

The German DAX index succeeded in achieving the positive outlook, as we expected at the end of last week’s trading, touching our awaited target of 14,110, recording its highest price of 14,103. On the technical side, with the index succeeding in breaching the 14,000 psychological barrier resistance level, which has …

The Dow Jones Industrial Average continued to score bullish goals, touching the first peak mentioned in the previous analysis at 31,170, to record its highest levels of 13,189. Technically, with the RSI still defending the bullish trend, in addition to stochastic remaining around overbought areas. This increases the chances of …

The pound sterling, against its Japanese counterpart, was able to touch our first desired target mentioned in the previous technical analysis, located at 145.00, to hit a high of 144.95. On the technical side, we find the pair stable above the 50-day moving average, which meets around the support level …

The Canadian dollar failed to maintain the trading level above the pivotal resistance at 1.2850, which was previously the first target of the aforementioned upward correction, as the current moves in the pair witness stability below the aforementioned level, in addition to the stability of intraday trading below 1.2790. Technically …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices suffered heavy losses during the trading week ending in the bearish path, as we expected, in which we depended on the stability of confirming the breach of 1852, recording its lowest level at 1785. On the technical side, the current moves are witnessing a bullish rebound, …

Negative trading dominated the euro’s movements against the US dollar with the conclusion of last week’s trading, touching our fourth official awaited target at 1.1885, and approaching a few points difference from the next target 1.1830, to record its lowest price at 1.1850. Technically speaking, the current movements are witnessing …