Daily Technical Analysis

US crude oil futures prices jumped, continuing to achieve gains during the expected wave of rise during the previous analysis, touching the official target station at 83.20, recording its highest level of $83.50 per barrel. Technically, by looking at the 240-minute chart, we find that oil prices succeeded in achieving …

A noticeable rise in gold prices, continuing to achieve gains for the fifth session in a row within the expected positive outlook, touching the official target station during the last analysis at the price of 2040, recording its highest level of $2048 per ounce. Today’s technical vision indicates the possibility …

Positive trades dominated the euro-dollar pair to reflect the expected bearish trend during the previous analysis, benefiting from the decline of the US dollar after the appearance of US inflation data. As a reminder, we indicated that closing above the resistance level of 1.0925 can postpone the suggested bearish scenario …

Oil, Crude, trading

Negative trades dominated the movements of the Canadian dollar within the negative outlook, as we expected during the previous analysis, to start with negative pressure on the support floor published in the last analysis at 1.3480. Technically, the Canadian dollar failed to stabilize over the negative barrier of 1.3500, and …

Oil, Crude, trading

US crude oil futures prices achieved the first corrective decline target published during the previous technical report, located at 79.30, to rebound quickly to the upside. The current movements are hovering around $81.30 per barrel. Technically, the current movements of oil are witnessing stability above the resistance of 80.80, in …

A quiet, gradual rise dominated gold prices during the previous trading session’s dealings within the targeted bullish path, touching the first target to be achieved yesterday at the price of 2004, recording the highest of $2007 per ounce. Technically, and with a closer look at the 240-period chart, we find …

Narrow sideways trading dominated the movements of the EUR/USD pair within a bullish path to retest the strong resistance level published during the previous analysis at 1.0920, unable to be breached until now. On the technical side today, the pair’s movements did not show any significant change, and by looking …

Oil, Crude, trading