Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »GBP is pressing support 11/4/2023
Oil is facing negative pressure and scrutiny is required 11/4/2023
We remained neutral during the last technical report due to conflicting technical signals, explaining that risks are still high amid diverging technical indicators. As a reminder, we indicated that the price’s decline below 80.00 leads oil prices to visit 79.65, recording the lowest 79.66. Technically, we tend to be negative …
Read More »Gold is still above support 11/4/2023
Mixed trading dominated gold prices during last Monday’s session, to start to decline after it recorded its highest level of $2007, within an additional downward trend that tested the 1980 support floor. Technically, and by looking closely at the 240-period chart, we find that gold prices are still stable above …
Read More »Euro is at a bearish target and starts pressing support 11/4/2023
Quiet movements dominated the eurodollar pair during the first trading of this week, within the expected bearish context during the previous technical analysis, during which we indicated that there is a possibility of a bearish bias, targeting 1.0870, for the pair to reach the required target at 1.0830. On the …
Read More »Dow Jones needs a confirmation signal 6/4/2023
Oil, Crude, trading
Read More »GBP is retesting support 6/4/2023
Oil, Crude, trading
Read More »Oil needs to monitor price behavior 6/4/2023
Due to conflicting technical signals, we adhered to intraday neutrality during the previous technical report, explaining the importance of monitoring the price from below 79.20 and above 80.85. Technically, prices failed to stay long above the resistance level of 80.85. Therefore, the stochastic indicator gradually lost bullish momentum, supporting the …
Read More »Gold is trying to resume its rally 6/4/2023
Trading tended to be positive and continued to control the prices of the yellow metal during the previous trading session as part of a gradual rise towards the target of the previous report at the price of 2040, to suffice with recording the highest $2032 per ounce. Technically, and with …
Read More »Euro may show some temporary bearish bias 6/4/2023
Quiet trading dominated the movements of the EUR/USD pair. No significant change appeared within a limited bearish bias due to the negative pressure after touching the resistance level of 1.0965, to witness the current movements stabilizing above the psychological barrier of 1.0900. On the technical side today, negative signs started …
Read More »Dow Jones may lose momentum temporarily 5/4/2023
Oil, Crude, trading
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