Oil, Crude, trading

Positive movements dominated the movements of the British pound against its Japanese counterpart, within attempts to stabilize above the support level of 149.60. Technically, and carefully looking at the 60-minute chart, we find Stochastic is trying to get rid of the current negativity, in addition to the RSI’s attempts to …

The Canadian dollar continued its positive trading within the expected bullish context during the last analysis after it succeeded in stabilizing above the psychological barrier level of 1.2700 Technically, the bullish trend is likely today, based on the breach of the 1.2730 resistance level represented by the 23.60% Fibonacci correction …

Oil, Crude, trading

Oil, Crude, trading

Mixed trading dominated the movements of the yellow metal after the Federal Reserve’s decision yesterday, recording its lowest level near the 1753 support, to return to the bullish rebound and is now hovering around 1783 areas. On the technical side, the 14-day momentum indicator is stable above its mid-line, supporting …

The euro failed to stabilize for a long time above the psychological barrier of 1.1300 to start its daily trading on a bearish slope and start pressing on the key demand area 1.1260. Technically, and by looking at the 4-hour chart, we notice that the RSI is losing its bullish …

US stock index futures continued to rise with this week’s opening on Monday morning, especially the “S&P 500” index, which reached its highest level ever last Friday. Today’s gains came after a positive end last week on “Wall Street,” with US investors ignoring the data of the most significant annual …

OPEC on Monday raised its forecast for global oil demand in the first quarter of 2022 but left its full-year growth forecast unchanged, saying the Omicron mutant from the coronavirus would have a slight impact as the world coped with the pandemic. The Organization of the Petroleum Exporting Countries (OPEC) …

Investors have been on the sidelines during the Asian session today ahead of this week’s big events and central banks meetings. The dollar rose in early European trading on Monday at the start of a week that includes a number of central bank meetings, including the Federal Reserve, while concerns …