Oil, Crude, trading

We remained neutral during the previous analysis and made it clear that we are waiting for a stronger direction to be determined after the technical signals contradicted, we have indicated that activating long positions needs a clear breakout of the 1913 resistance level. The yellow metal hit a high during …

The single European currency managed to touch the first target required to be achieved during the previous session at 1.1845, posting a high of 1.1848. Technically, we see the Euro managed to establish a solid support floor around 1.1720, a 23.60% retracement, with the 50-day moving average continuing to hold …

Wall Street’s main indexes rose at the open Tuesday, as investors hope for more stimulus from Washington, as the Republican-controlled Senate prepares to vote on a bill to help small businesses hit by the Covid-19 pandemic. The Dow Jones Industrial Average rose 50.43 points, or 0.18%, to 28,245.85 points. The …

The Euro struggled to rise above the level of $ 1.18 on Tuesday as hopes for a stimulus package to help those affected by Corona in the United States dashed, dealing a blow to high-risk assets globally, as the increase in Coronavirus cases in Europe pressed the single currency. While …

Two industry sources told Reuters that Russia may support keeping global oil production cuts unchanged after 2020 when it is time to ease them if global market conditions deteriorate due to slowing demand and increasing cases of coronavirus. Russian Energy Minister Alexander Novak said last week that OPEC + would …

The European Commission announced in an official statement on Brexit, showing the willingness to intensify talks with the UK. In order for a deal to happen, both sides need to meet, the statement added further. The statement also confirmed that the EU’s chief Brexit negotiator Michel Barnier will speak to …

A German Finance Ministry document showed, Tuesday, that Germany’s debt level is likely to reach 71% of GDP, as the country spends more to mitigate the repercussions of the Coronavirus pandemic. The document showed that the expected level next year is at 70.25% of GDP, due to the expected recovery …

There was little change in oil prices on Tuesday, to stabilize after suffering losses over three days due to fears that the increase in cases of Coronavirus globally would impede the recovery of demand for fuel while the increase in Libyan production leads to an abundance of supplies. Brent crude …

Data from the European Central Bank showed on Tuesday that the current account surplus of the 19-nation eurozone widened to 19.9 billion dollars in August from 17 billion euros in July thanks to a higher trade surplus and a lower primary income deficit. In the 12 months to August, the …