Daily Technical Analysis

Oil, Crude, trading

Trading tended to be positive during the previous trading session, but within a narrow range between 1.3620 and 1.3680. Technically, we tend to be positive, but with caution, relying on the positive impulse coming from the 50-day simple moving average, stimulated by the clear positive signs on the RSI. Activating …

Oil, Crude, trading

US crude oil futures prices jumped to achieve the required intraday rise during the previous analysis within retesting 72.50, to reverse the expected bearish trend yesterday, recording a high of 74.20 during the early trading of the current session. On the technical side today, the simple moving averages are still …

Trading tended to be negative within a narrow path that dominated gold’s movements with the beginning of this week’s trading. As a reminder, we preferred to monitor the price behavior, explaining that we are waiting for a direction confirmation signal. Technically, and by looking at the 240-minute chart, we notice …

Narrow sideways movements dominated the performance of the EUR/USD pair. As a reminder, we preferred to monitor the pair’s price behavior during the previous report due to conflicting technical signals, explaining that we are waiting for the pending orders to be activated until we get a stronger trend. Technically, we …

Oil, Crude, trading

Limited positive trading dominated the movements of the Canadian dollar, which found a strong resistance level near 1.3680, maintaining negative stability below the mentioned level. Technically, we tend to be negative in our trading, but with caution, relying on the clear negative signs on the stochastic indicator, which started to …

Oil, Crude, trading

The prices of US crude oil futures contracts declined significantly by the end of last week’s trading within the expected downward path, touching the official target of the last report, which is at 70.30, recording its lowest level at $70.30 per barrel. Technically, by looking at the 4-hour chart, we …