Oil, Crude, trading

Oil, Crude, trading

After several successive sessions of achieving gains, the Canadian dollar found a strong resistance level near 1.3450, which formed a strong resistance that put the pair under temporary negative pressure. Technically, the 50-day simple moving average still holds the price from below, and it meets near 1.3350, representing a good …

japanese-yen

Oil, Crude, trading

US crude oil futures prices jumped to achieve substantial gains during the previous trading session, within the expected bullish context in the last technical report, touching the official target of 84.50, recording its highest level of $84.62 per barrel. Technically, by looking closely at the 4-hour chart, we find that …

Gold prices achieved the negative outlook as we expected, reaching the main target during the previous trading session at $1913 per ounce. Technically, and by looking at the 4-hour chart, we find the stochastic indicator around the intraday overbought areas, and we notice the continuation of the negative pressure coming …

Narrow sideways trading dominates the movements of the Euro-dollar pair for the third consecutive session, confined from the bottom above 1.0955 and the top below 1.1000. Technically, we find the level of 1.0955 forming a support level represented by Fibonacci correction 50.0%, which was able to limit the bearish slope. …

Oil prices rose on Wednesday as lower supply as a result of production cuts by Saudi Arabia and Russia offset concerns about slowing demand from China, the world’s largest crude importer, and a report showing an increase in US crude inventories. And state media reported that the Saudi cabinet confirmed …

China’s consumer sector entered a period of deflation and producer prices continued to decline in July as the world’s second-largest economy struggled to revive demand and pressure mounted on Beijing to take more direct stimulus measures. Concern is mounting that China is about to enter a period of sharp slowdown …