OPEC lowered its forecast for the excess supply of oil in global crude markets during the current quarter, a day before the group’s meeting scheduled for tomorrow, Tuesday. And according to internal research conducted by the group and its allies on Monday and reported by the “Bloomberg” agency, the oil …

Oil prices rose in trading on Tuesday, with investors expecting oil producers to boost supplies at Tuesday’s meeting, indicating that demand for fuel remains strong despite the spread of the Omicron mutant. Brent crude futures rose 43 cents to $79.05 a barrel, while US West Texas Intermediate crude recovered its …

Gold prices rose on Tuesday after rising US bond yields, supported by bets that the Federal Reserve would raise interest rates faster than expected, pushed the precious metal to its biggest drop in six weeks in the previous session. And gold rose 0.2 percent in spot contracts to $ 1804.40 …

The Japanese Nikkei index jumped on Tuesday to close at its highest level in six weeks, supported by shares of companies related to chips and shares of the auto industry, after a strong closing of US stocks last night, and with the decline of the yen, which supported auto stocks. …

The German DAX index started today’s trading session with a noticeable positivity, recording its highest level during today’s morning trading around 16,056. Technically, the daily trend tends to the upside as a result of the DAX getting a positive stimulus from the 50-day moving average, in addition to the positive …

Oil, Crude, trading

The British pound against its Japanese counterpart made noticeable gains and started today’s trading session by attacking the psychological barrier resistance level 156.00. Technically, today, we find the 50-day EMA returned to carry the price below, which comes in conjunction with the positive signals coming from the RSI on the …

The Canadian dollar benefited from building a base on the strong support level located at 1.2630, which forced the pair to trade positively during the last trading session, to retest the previously broken support level of 1.2770. From the angle of technical analysis today, and with careful consideration on the …

Oil, Crude, trading

Oil, Crude, trading