Oil prices rose on Wednesday, hovering again at the highest level in ten months that they touched in the previous session, as expectations of shrinking global supplies and fears of an interruption in Libyan supplies overshadowed fears of a slowdown in demand in some countries such as China. By 0054 …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar fell within the expected downward path, touching the first target required to be achieved during the previous technical report at 1.5350, recording its lowest level at 1.3543. Technically, we are leaning towards negativity, relying on the negative intersection of the simple moving averages that continue to pressure …

japanese-yen

Oil, Crude, trading

US crude oil futures prices witnessed a trading session in positive areas within the bullish context as we expected, in which we relied on breaching the resistance of the psychological barrier 88.00, touching the second target to be achieved at 88.85 and approaching by a few points from the official …

We adhered to intraday neutrality during the previous technical report due to the conflicting technical signals and the confinement of trading within a sideways range, explaining that activating the selling positions requires a break of 1913 for the price to head to touch the target of the first break at …

The movements of the EUR/USD pair did not significantly change during the previous trading session, with the continuation of the side range confined from the bottom above 1.0700 and from the top below 1.0790. On the technical side today, with a closer look at the 4-hour time frame chart, we …

Russian President Vladimir Putin said on Tuesday that rising inflation rates forced the central bank to raise interest rates to 12 percent last month, warning that the Russian economy would suffer if prices were allowed to get out of control. “In the event of high inflation, it will be practically …