Stalled talks among major oil producers about pumping more supplies could deteriorate into a “price war”, the International Energy Agency said Tuesday, July 13, as COVID-19 vaccines drive up crude demand. The agency added that the possibility of a battle for market share threatens markets, even if it is a …

Oil prices rose on Tuesday, July 13 to compensate for most of the losses it incurred the previous day, as the market received support as a result of tight supplies, along with expectations of more withdrawals from US crude stocks, but fears of the spread of Covid-19 strains curbed the …

Japanese stocks rose on Tuesday, July 13th, with the broader TOPIX index nearing its highest level in nearly a month, after markets recovered from last week’s sell-off, while a host of corporate results awaited to extract fresh clues about the health of Japan’s economy. The Nikkei index closed up 0.52% …

The German DAX index jumped as we expected, exceeding the first official target required to be touched during the previous analysis, which is located at 15,750, recording its highest level of 15,790. Technically, we tend to continue rising, relying on the positive impulse of the simple moving averages, in addition …

Oil, Crude, trading

The Pound Sterling maintains the bullish bias against the Japanese Yen, gradually approaching the required target of 153.70, recording a high of 153.48. On the technical side, and by looking at the 60-minute chart, we find the 50-day moving average that supports the bullish curve, and this comes in conjunction …

During the last trading session, the Canadian dollar rose, touching the official target station in the previous analysis, located at 1.2520, to record its highest level at 1.2515. Technically, the current moves are witnessing a bearish slope due to the collision with the resistance level of the psychological barrier 1.2500. …

Oil, Crude, trading

Oil, Crude, trading

Gold traded in a tight range above the 1797 support and below the 1816 resistance over the past sessions. On the daily technical side, gold prices are witnessing stability above 1797, 50.0% Fibonacci correction, which represents the key to protecting the bullish bias and the positive motive for the 50-day …