Daily Technical Analysis

Oil, Crude, trading

Positive movements dominated the prices of US crude oil futures contracts, recording additional gains that extended to the level of $77.80 per barrel. Technically, oil prices surpassed the resistance level of 76.60, which has now turned into a support level, which supports the possibility of an increase, in addition to …

Gold’s positive attempts achieved remarkable gains yesterday, recording its highest level of $1844 per ounce. Technically, we notice an initial breach above the resistance level of 1828. Furthermore, we note that gold prices continue to receive a positive incentive from the simple moving averages, which support the possibility of an …

Positive trades dominated the movements of the EURUSD during the previous trading session, building on the support of the psychological barrier 1.0600, recording its highest level at 1.0691. On the technical side today, and by looking closely at the 240-minute chart, we find that the euro is trying to consolidate …

Oil, Crude, trading

Technically, and by looking at the 240-minute chart, the pair maintains its stability above the 50-day simple moving average, which returned to carry the price from below, and we find the stochastic indicator trying to get rid of the intraday negativity. Therefore, the possibility of maintaining the quiet rise to …

Oil, Crude, trading

US crude oil futures prices reflected the expected bearish trend, in which we relied on trading to remain stable at the time of writing of the previous report, below the resistance level of 75.10, explaining that the price’s attempts to consolidate above 75.10 might lead oil prices to a temporary …

Gold prices were able to resume the correctional decline, as we expected, touching the target to be achieved in the previous technical report at the price of 1818, in which we relied on confirming the break of 1828. Technically, by looking at the 240-minute chart, we find the 50-day simple …

The euro fluctuated significantly during the previous trading session, within the expected technical outlook, touching the first target to be achieved at 1.0570, recording its lowest level at 1.0575. On the technical side today, EURUSD is trading intraday below the previously broken support level at 1.0630, accompanied by the negative …