Oil prices fell on Friday, June 4, as optimism about a recovery in fuel demand waned, in light of concerns about the irregular delivery of Covid-19 vaccines globally. Brent crude fell 13 cents, or 0.2%, to $ 71.18 a barrel, after falling 4 cents yesterday, Thursday, after rising to its …

Japanese stocks were mixed at the close Friday, June 4, affected by growth-related stocks, while investors awaited the important US jobs report, which may increase concerns about inflation and talk of reduced purchases by the Federal Reserve. The Nikkei index closed down 0.40% to 28,941.52 points after two days of …

The German DAX index found a good support level around 15,460, where the current movements of the index are witnessing an upward bias targeting a retest of 15,700. On the technical side today, we find that the RSI continues to provide positive signals over the short term, accompanied by stabilizing …

The Dow Jones Industrial Average declined on Wall Street yesterday, nullifying the positive outlook as we expected. We indicated during the previous analysis that activating the bullish scenario depends mainly on the stability of trading above 34,500, and breaking the mentioned level puts the index under negative pressure, targeting 34,420/34,410 …

Sideways trading in a narrow range, constrained between 155.20 and 155.80 without any significant change. On the technical side today, and with a careful look at the 60-minute chart, we are inclined to the negativity, but with caution, relying on the intraday stability below 155.80, accompanied by the clear negativity …

The Canadian dollar was able to build on the pivotal support floor located at the price of 1.2030 to return to trading within the suggested bullish corrective slope during the previous analysis, in which we relied on breaching 1.2070, touching the first target of 1.2100, heading to visit the second …

Oil, Crude, trading

Oil, Crude, trading

Gold prices achieved noticeable losses during the previous trading session after it failed to maintain trading above the 1895 level, explaining that the confirmation of breaking the mentioned level is able to pressure gold prices to visit our official target located at 1880 to record its lowest level at 1856 …

The single European currency declined noticeably against the US dollar within the expected bearish path during the previous analysis, in which we relied on confirming the breach of the 1.2170 level, continuing the gradual decline to the downside, recording the lowest level at 1.2112. Technically speaking, and with the pair’s …