Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »GBP presses support, eyes on inflation 21/6/2023
Oil is looking for a stronger trend 21/6/2023
Mixed trading in both directions dominated the prices of US crude oil futures contracts, nullifying the negative outlook as we expected, in which we relied on stable trading below the level of 71.55, recording its highest level at $72.33 per barrel. Technically, the current movements of oil prices are witnessing …
Read More »Gold breaks support 21/6/2023
As we expected, gold prices declined during the previous trading session within the bearish context. We explained that breaking the main support level of 1945 puts gold prices under negative pressure to touch the first expected target of 1932, recording its lowest level at $1929 per ounce. Technically, and by …
Read More »Euro hits resistance 21/6/2023
. The EUR/USD pair found difficulty in breaching the strong resistance level published during the previous technical report at 1.0940, explaining that it represents the key to the continuation of the upward attempts, which forced the pair to trade in negativity, recording its lowest level at 1.0892. On the technical …
Read More »CAD: negativity remains 20/6/2023
Trading tended to be negative and dominated the Canadian dollar’s movements, with the beginning of trading this week recording its lowest level yesterday at 1.3180. Technically, the current movements of the pair witness a limited bullish bias, benefiting from the attempt to stabilize above the support level of 1.3180, and …
Read More »GBP retesting support 20/6/2023
Oil, Crude, trading
Read More »Oil is still below resistance 20/6/2023
Mixed trading dominated the prices of US crude oil futures contracts yesterday, within a negative path, and the intraday oil movements are still stable below the resistance level of 71.55. Technically, the 50-day simple moving average pushes the price to the upside. On the other hand, negative features still dominate …
Read More »Gold needs confirmation 20/6/2023
Quiet, negative trading dominated gold prices during the first trading of this week amid the US market holiday after gold prices found it challenging to maintain the bullish path. Technically, today, we tend to be negative in our trading, relying on the stability of the price below the simple moving …
Read More »Euro is trying to consolidate against USD 20/6/2023
. Quiet trading tended to be negative but limited at the beginning of the week, amid the US markets holiday, to find the EUR/USD pair stable intraday above 1.0900. Technically, and with a closer look at the 4-hour chart, the simple moving averages continue to hold the price from below, …
Read More »Dow Jones may witness a temporary decline 15/6/2023
Oil, Crude, trading
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