The crucial resistance level highlighted in the preceding technical report at $77.00 proved to be a formidable barrier, intensifying negative sentiments on US crude oil futures. The market maintained negative stability, reaching its nadir at $75.25 per barrel. A detailed examination of the 240-minute timeframe chart reveals a sustained negative …

Gold prices have successfully established a robust support level at 1945, as highlighted in our previous report. The price’s ability to consolidate above this level could potentially lead to a retest of 1966. Examining the technical aspects today, on the 4-hour timeframe chart, the price remains below the formidable resistance …

“We maintained a neutral stance in our intraday analysis due to conflicting technical signals and the trading range bound by 1.0640 as the lower limit and 1.0760 as the upper limit. In today’s technical outlook, we are leaning towards a bearish bias, noting the initial formation of a bearish pattern …

Ukraine’s alternative export corridor in the Black Sea is still operational despite the recent Russian attack on a Ukrainian civilian ship, Ukrainian Deputy Prime Minister Oleksandr Kubrakov said on Thursday, November 9. Ukrainian officials said on Wednesday that a Russian missile damaged a civilian ship flying the Liberian flag that …

Gold approached its lowest level in three weeks on Thursday, November 9, as demand for safe havens resulting from the conflict in the Middle East faded, while investors awaited the Federal Reserve Chairman’s statements seeking more evidence on interest rates. Gold fell in instant transactions by 0.1% to $1,948.39 per …

Sony announced Thursday, November 9, a 29% decline in operating profits in the second fiscal quarter, as the Japanese electronics giant suffered weakness in its chip business. Revenues amounted to 2.8 trillion Japanese yen, equivalent to “18.5 billion dollars,” compared to an expected 2.87 trillion yen, which represents an increase …

The Japanese Nikkei index achieved strong gains at the close on Thursday, November 9, ending losses that continued for two days, supported by strong business results that helped raise shares of energy companies and consumer goods. The Nikkei closed at an increase of 1.49%, recording 32,646.46 points, offsetting most of …

European stocks began trading on Thursday on a stable note after the positions of European Central Bank policymakers reduced market optimism regarding interest rate cuts, while investors again awaited comments from Federal Reserve Chairman Jerome Powell. The European STOXX 600 index saw little change by 0810 GMT after touching the …

Oil, Crude, trading

Oil, Crude, trading