Daily Technical Analysis

Oil, Crude, trading

After the US data appeared yesterday, negative trading dominated the prices of US crude oil futures contracts to face negative pressure, recording a low of $82.67 per barrel. Technically, by looking closely at the 4-hour chart, we find the price stable below 83.50, achieving a clear breach of the mentioned …

The resistance levels posted during the previous repor at 1929, could limit the bullish bias, which forced gold prices to maintain the bearish path, recording its lowest level at $1910 per ounce. On the technical side today, and looking at the 4-hour chart, the Simple Moving Averages are still a …

After yesterday’s US data, there are limited positive attempts for the EUR/USD pair to test the 1.1030 resistance level, and the pair’s current movements are witnessing stability below the mentioned resistance. Technically, and looking closely at the 4-hour chart, we notice the conflicting technical signals. We noticed the 50-day simple …

Oil, Crude, trading

Oil, Crude, trading

After several successive sessions of achieving gains, the Canadian dollar found a strong resistance level near 1.3450, which formed a strong resistance that put the pair under temporary negative pressure. Technically, the 50-day simple moving average still holds the price from below, and it meets near 1.3350, representing a good …

japanese-yen

Oil, Crude, trading

US crude oil futures prices jumped to achieve substantial gains during the previous trading session, within the expected bullish context in the last technical report, touching the official target of 84.50, recording its highest level of $84.62 per barrel. Technically, by looking closely at the 4-hour chart, we find that …