Oil prices rose on Tuesday as concerns about demand in China eased after Shanghai eased some restrictions related to the spread of the Covid-19 disease, while OPEC warned that it would be impossible to increase production enough to offset the loss of supplies from Russia. Brent crude futures rose $2.98, …
Read More »German Dax Breaks Support 12/4/2022
Oil, Crude, trading
Read More »Dow Jones Faces Selling Pressure 12/4/2022
Oil, Crude, trading
Read More »CAD back in The Bullish Path 12/4/2022
The Canadian dollar maintained the bullish bias that started at the end of last week’s trading to cancel the idea of retesting the support published during the previous analysis and continues the positive stability above 1.2600. Technically, we tend to the positivity, relying on the positive signs of the 14-day …
Read More »GBP presses support again 12/4/2022
Oil, Crude, trading
Read More »Gold touches the target 12/4/2022
Positive moves dominated gold prices during the first trading sessions after it succeeded in liberating from the sideways path so that gold could breach the 1940 strong supply zone, touching the first official target required during the previous analysis. Technically, we tend to the positivity, relying on the stability of …
Read More »The Euro is Testing Resistance 12/4/2022
The single European currency retested the resistance within the expected limited positive scenario, touching the target at 1.0930, recording its highest level during the last session at 1.0932. Technically, by looking at the 4-hour chart, we find that the pair returned to stability below the descending channel’s resistance, accompanied by …
Read More »Oil below $100 due to withdrawals and fears of a closure in China
Oil prices fell by four dollars a barrel on Monday, falling below $100 a barrel, after countries announced plans to withdraw record amounts of crude and oil products from their strategic stocks and with continued shutdowns in China. Brent crude fell $3.93, or 3.8 percent, to $98.58 a barrel by …
Read More »Palladium jumps 5% on supply concerns, inflation risks lift gold prices
On Monday, palladium prices jumped 5 percent to their highest level in more than two weeks, driven by supply concerns after trading of the metal was suspended from Russia, while gold prices increased due to inflation tension caused by the war in Ukraine. Palladium rose 4.5 percent to $ 2534.40 …
Read More »The Russian oil embargo may be part of the next EU sanctions package
The Russian oil embargo may be part of the The European Commission, the European Union’s executive arm, is preparing proposals for an EU embargo on Russian oil, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there is no agreement yet. Referring to the commission, Irish …
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