The US Energy Information Administration said in a monthly forecast that the United States’ oil production from shale formations is expected to decrease by about 136 thousand barrels per day in January to 7.44 million barrels per day, the lowest since June. Production is expected to decline from nearly all …

The German DAX Index opened its daily trading with clear negativity after finding a strong resistance level around 13,290. Technically speaking, we tend to be negative, depending on the stability of trading below the mentioned level, in addition to the continuation of negative pressure from the simple moving averages. In …

Mixed trades dominated the movements of the Dow Jones Industrial Average during the previous trading session, approaching the required target located at 30,360, posting a high of 30,320. On the technical side, the current movements are witnessing a bearish bias on short time frames due to the negative signs coming …

Positive trading dominated the moves of the pound against the Japanese yen, approaching a few points difference from the target published during the previous analysis at 139.50, to record its highest level at 139.43. On the technical side, the current moves are witnessing a bearish tendency, as the pair found …

Positive attempts for the Canadian dollar, taking advantage of building a base on the psychological barrier support 1.2700, trying to re-test the resistance level of 1.280 Technically, stability above 1.2720 supports the possibility of the upside, and with a closer look at the chart, we find the RSI indicator started …

Oil, Crude, trading

Democrat Joe Biden won the electoral college, which formally determines the next president of the United States, to end President Donald Trump’s campaign to reverse his November 3 election loss. And the state of California, which has 55 electoral votes in the electoral college, gave Biden the vote so that …

Oil, Crude, trading

Gold prices succeeded in achieving the negative outlook, as we expected, in which we relied on trading below the 1833 level, heading to visit the first target to be achieved, 1818, recording its lowest level at 1818.60. On the technical side, the current movements of gold are witnessing attempts to …

Narrow-range sideways trades dominate the moves of the EUR/USD pair, which consolidate from the top above the support level of 1.2100 and from downside below the resistance level at 1.2180, and the technical outlook has not changed little. Technically speaking, with a closer look at the 240-min chart, we find …