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Oil, Crude, trading
Read More »GBP confirms the breakout of the resistance 2/6/2023
Oil is trying to form a bullish wave 2/6/2023
After several successive sessions of sharp decline, an upward trend returned to control the movements of US crude oil futures yesterday to establish a good support base of around 68.40. Technically, we tend to rise during the day, relying on trading remaining above the support above 68.40, accompanied by the …
Read More »Gold is trying to climb; does it touch $2,000, focus on US jobs data 2/6/2023
We adhered to intraday neutrality over the past two sessions due to the conflicting technical signals, explaining that we are waiting for the pending orders to be activated by breaking 1945 or breaching 1977, so that gold movements witnessed an upward trend during yesterday’s session to start activating the awaiting …
Read More »Euro extends its losses against the dollar 1/6/2023
Trading tended to be positive, dominating the movements EURUSD pair during the previous trading session, benefiting from touching the last target around the 1.0640 support floor, to start a bullish rebound, to reflect the expected bearish trend yesterday, in which we relied on trading stability below the main resistance 1.0740, …
Read More »Dow Jones is facing negative pressure 1/6/2023
Oil, Crude, trading
Read More »CAD may witness a temporary decline 1/6/2023
The Canadian dollar provided positive trades until the middle of the American session, approaching by a few pips from the first target to be touched at 1.3660, recording its highest level at 1.3651. Technically, we find that the pair’s movements returned to decline quickly as a result of approaching the …
Read More »GBP retesting the resistance 1/6/2023
Oil, Crude, trading
Read More »Oil is touching the descending stations, and the selling pressure is valid 1/6/2023
US crude oil prices continued to bleed losses amid intense selling within the strong bearish trend, as we expected, touching the awaited second station at 67.75, recording its lowest level at $67.10 per barrel. Technically, we find the 50-day simple moving average supporting chances of continuing the decline, the stability …
Read More »Gold is looking for a stronger signal 1/6/2023
We adhered to intraday neutrality during the previous technical report due to the conflicting technical signals, explaining that we are waiting for the pending orders to be activated with the breach of 1945 or the breach of 1977, so that gold’s movements witness a sideways context that is inclined to …
Read More »Euro extends its losses against the dollar 1/6/2023
The EUR/USD pair achieved the bearish targets mentioned during the previous technical analysis, touching the official target station at 1.0640, recording its lowest level at 1.0635. On the technical side today, by looking at the 240-minute chart, we notice that there are positive attempts for the Euro-dollar pair as a …
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