Daily Technical Analysis

Oil, Crude, trading

Mixed trading dominated the prices of US crude oil futures contracts, moving in both upward and downward directions, approaching by a few points the first target published in the previous technical report, 88.20, recording its highest level of 88.40. Technically, by looking at the 4-hour chart, oil has achieved some …

Gold prices found a strong resistance level, as we indicated during the previous technical report, at the price of 1930, which forced the price to trade negatively, explaining that sneaking below 1922 support level forces gold prices to retest the main support of the current trading levels, 1913, touching the …

Negative pressure continues to control the movements of the EUR/USD pair within the expected downward path, with the pair continuing the gradual decline downwards, recording its lowest level at 1.0617. The technical outlook remains unchanged, and there has been no significant change in the pair’s movements. We notice the continued …

Oil, Crude, trading

Oil, Crude, trading

Positive movements have regained control of the Canadian dollar, as we expected an upward rebound during the previous trading session, approaching by a few points to the first official target of 1.3510, only to post its highest level of 1.3501. Technically, we are leaning towards positivity in our trading, but …

japanese-yen

Oil, Crude, trading

Negative trades dominated the prices of US crude oil futures contracts during the previous trading session within a bearish context, gradually approaching the first target to be achieved at the price of 88.55, only to record its lowest level at $88.90 per barrel. Technically, with a closer look at the …