Oil prices stabilized on Wednesday as investors weighed the impact of a massive spike in omicron cases from the coronavirus, but the upside remained limited after rising US fuel stocks. Brent crude, the global benchmark, was down four cents at $80.04 a barrel. US West Texas Intermediate crude futures rose …

Japan’s Nikkei index closed slightly higher on Wednesday, as gains in blue-chip stocks such as Sony Group and Toyota Motor outweighed declines in technology heavyweights on fears of a faster-than-expected US interest rate hike. On Wednesday, the Nikkei index closed up 0.1 percent to 2,9332.16 points after falling more than …

The German DAX index managed to touch the official bullish target required to be achieved during the last report at 16185, recording its highest level at 16,188. On the technical side, and carefully looking at the 60-minute chart, we tend to be positive, but very cautiously, relying on the price’s …

Oil, Crude, trading

Positive trades dominated the movements of the pound sterling against the Japanese yen within the expected bullish path during the previous analysis, exceeding the second target that is required to be achieved at 156.70, recording the highest level at 157.43. On the technical side today, we expect a bearish bias …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on trading below the strong demand level of 1.2700. We are witnessing a negative trading session with the initial target of retesting 1.2640. CAD is recording its lowest …

Oil, Crude, trading

Oil, Crude, trading

The pivotal support levels published during the previous analysis at 1797, representing the key to protecting the bullish trend, managed to push the price to the upside, recording its highest level of 1816. Technically, by looking at the 240-minute chart, we notice that the 50-day moving average is holding the …

The single European currency traded within the same expected price range during the previous analysis, maintaining negative stability below the 1.1330 resistance level, unable to penetrate it so far. The technical aspect today indicates the possibility of continuing the decline. With a careful look at the 4-hour chart, we find …