Oil prices rose Thursday, January 14th, after US crude stocks fell for the fifth week in a row and strong data from China showed a rise in imports, but the increase in global coronavirus infections curbed the gains. Brent crude futures gained 13 cents, or 0.2%, to $56.19 a barrel, …

Gold prices fell Thursday, January 14th, as US Treasury yields and the dollar rebounded, while investors awaited details about the next US President Joe Biden’s proposal to stimulate the economy. In spot transactions, gold fell 0.1% to $ 1842.51 an ounce, while US gold futures fell 0.8% to $ 1839.80. …

Divergent trades dominated the movements of Bitcoin during the previous session, to return to trading in a bullish path, benefiting from stability above 37,200. We tend to be positive intraday as the pair continues to receive a positive stimulus from the 50-day moving average. Confirming a breach of 37,730 increases …

Narrow-range sideways trades dominated the German DAX index to settle above the support floor 13,865/13,860. On the technical side, we are biased towards the intraday positivity, depending on the stability of trading above the aforementioned support, in addition to the positive signs of the RSI indicator on short time frames. …

The Dow Jones Industrial Average found a strong resistance level around 31,080, as the current movements of the index witnessed a steady bearish tendency around its lowest level during the current trading session at a price of 31,020. On the technical side, we tend to the temporary negativity depending on …

The pound against the Japanese yen hit its highest level during the previous trading session around the first target to be achieved, 142.30, to hit a high of 142.26. Technically, despite the slight downside bias that the pair’s movements are witnessing on short time frames, we tend to be positive, …

The Canadian dollar is hovering around the support level mentioned in the analysis located at 1.2680, which we showed that it represents the first protection key to maintain the bullish corrective bias. In terms of technical analysis, and despite the technical factors that support the continuation of the decline, we …

Oil, Crude, trading

Oil, Crude, trading

The yellow metal witnessed a bearish tendency during the morning trading of the current session within the bearish context as we expected, in which we relied on confirming the break of 1843, indicating that this would facilitate the task required to visit 1836 then 1826 to record its lowest level …