Oil prices rose on Wednesday, December 9th, to reduce crude losses incurred earlier, amid positive news about Covid-19 vaccines that boosted investors’ hopes for a recovery in fuel demand, which overshadowed concern about an unexpected jump in US oil stocks last week. Brent crude rose 11 cents, equivalent to 0.2%, …

Gold prices retreated from a two-week peak on Wednesday, December 9, as encouraging developments for the Coronavirus vaccine prompted investors to buy high-risk stocks as global stocks rose to record levels. Gold fell in the spot market 0.7% to $ 1858.80 an ounce, after hitting the highest level since November …

Positive Moves is still dominating the movements of the German DAX index. On the technical side, we tend to be positive, depending on trading remaining above the strong support at 13,220, in addition to the positive motive coming from the 50-day moving average. The first target is located around 13,320/13,340, …

The Dow Jones Industrial Average jumped on Wall Street touching our official target to be achieved in the last analysis, which is located at a price of 30,260, reaching its highest level at 30,271. On the technical side, and by looking at the 60-minute chart, we find the RSI continues …

The British pound is showing positive moves against the Japanese yen, benefiting from stability above 138.50 support. On the technical side, and with a closer look at the 4-hour chart, we find that the stochastic indicator began to gradually lose the bullish momentum, and the simple moving averages are still …

The Canadian dollar started its daily trading at a high, but still a limited rise, after attempts to build on the support floor of 1.2765 represented by the first target of the previous report. technically speaking and with a closer look at the 60-minute chart, we find the 50-day moving …

The British pound opened its early trades for the current session with a slight upward slope after several consecutive sessions of retreat against the US dollar within limited attempts to rise, benefiting from the psychological barrier support level of 1.3300. On the technical side, the price has stabilized below the …

Oil, Crude, trading

We were standing on the fence during the previous trading session due to the importance of the current trading levels for the general trend in the short term. Technically speaking, gold prices collided with the pivotal resistance published during the previous analysis, 1870, which we indicated as the key to …

The euro opened its daily trading with a slight bearish bias, benefiting from consolidating in the support floor of 1.2075 / 1.1070, to witness the stability of the current move above 1.2100. On the technical side, and with a closer look at the 4-hour chart, we find negative signs still …