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Oil, Crude, trading
Read More »Dow Jones is waiting for a clearer direction 22/5/2023
CAD is waiting for pending orders to be activated 22/5/2023
Marginal rise dominated the Canadian dollar’s movements within, but limited attempts to rise after the pair fail to stabilize for a long time above the resistance level of the psychological barrier 1.3500. Technically, and when looking closely at the 4-hour chart, we find that there is a conflict in the …
Read More »GBP starts negative 22/5/2023
Oil, Crude, trading
Read More »Oil is under negative pressure 22/5/2023
Mixed movements dominated the prices of US crude oil futures contracts at the end of last week’s trading, to start with negativity again after recording its highest price, $73.55 per barrel. Technically, we tend to be negative in our trading, relying on the stability of intraday trading below the resistance …
Read More »Gold is looking for a stronger trend 22/5/2023
Gold prices ended last week’s trading sessions with a noticeable increase, after several successive sessions of the aforementioned corrective decline, to record its lowest level at $1954 per ounce, to start an upward rebound as a result of the US dollar’s decline after Jerome Powell’s statements regarding interest rates. Technically, …
Read More »Euro is trying to take advantage of the support 22/5/2023
The euro-dollar pair ended its weekly trading last Friday with a limited rise, taking advantage of the US dollar’s decline and the pair’s consolidation above the support level of 1.0760. On the technical side today, the current movements of the Euro-dollar are witnessing stability around the top of 1.0830. With …
Read More »Dow Jones may witness a temporary decline 16/5/2023
Oil, Crude, trading
Read More »CAD looking for extra momentum 16/5/2023
The Canadian dollar rose marginally yesterday but failed to maintain its gains above the resistance level of the psychological barrier 1.3500, as the current movements witness stability below it. Technically, we find the 50-day simple moving average trying to push the price to the upside, and we find the RSI …
Read More »GBP advancing against USD 16/5/2023
Oil, Crude, trading
Read More »Oil around overbought 16/5/2023
Positive attempts dominated the prices of US crude oil futures contracts, trying to compensate for its recent losses, recording its highest level during yesterday’s trading session, around $71.74 per barrel. Technically, we tend to be negative in our trading, relying on the negative intersection signs of the stochastic indicator, which …
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