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Oil, Crude, trading
Read More »Dow Jones positivity needs confirmation 8/8/2023
CAD continues to be positive 8/8/2023
The Canadian dollar was able to achieve the bullish scenario, as we expected, within a gradual rise to the upside, in which we relied on trading remaining above the 1.3300 support, a few pips away from the first target of 1.3410, recording the highest 1.3400 during the early trading of …
Read More »GBP fails to break through 8/8/2023
Oil, Crude, trading
Read More »Oil needs more consideration 8/8/2023
Mixed trading dominated the prices of US crude oil futures contracts yesterday. As a reminder, we indicated that closing at least an hour’s candle below the support level of 81.80 puts the price under negative pressure to find the price retesting the support of the ascending channel. We ended its …
Read More »Gold maintains the downward trajectory 8/8/2023
A weak bearish trend dominated the gold price movements during the first trading of this week within the bearish cycle to the downside, recording its lowest level at $1931 per ounce, after the level of 1945 formed a strong resistance level. The technical outlook is unchanged and there were no …
Read More »Euro needs to break support 8/8/2023
Quiet negative movements dominated the euro-dollar pair within the expected bearish path during the previous report, approaching the first target 1.0955, recording its lowest level at 1.0965, after failing to stabilize for a long time above the resistance of the psychological barrier 1.1000. On the technical side today, and with …
Read More »Nasdaq is facing temporary negative pressure 7/8/2023
Oil, Crude, trading
Read More »Dow Jones tends to fall 7/8/2023
Oil, Crude, trading
Read More »CAD maintains a gradual climb 7/8/2023
Positive trading dominated the movements of the Canadian dollar during the previous trading session to end its weekly dealings above 1.3350, and the current movements of the pair are witnessing stability around 1.3377. Technically, we tend to be positive in our trading depending on the positive impulse from the 50-day …
Read More »GBP is retesting the resistance 7/8/2023
Oil, Crude, trading
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