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Oil, Crude, trading
Read More »Dow Jones extends its gains 9/1/2023
CAD continues to achieve negative targets 9/1/2023
The Canadian dollar followed the negative outlook during the previous technical report, heading to touch the official bearish station on friday at 1.3420, recording its lowest level during the morning trading of today’s session at 1.3400. Technically, and by looking closely at the 4-hour chart, we find that the pair …
Read More »GBP: Breaks through resistance 9/1/2023
Oil, Crude, trading
Read More »Oil is retesting resistance 9/1/2023
Trading tended to be positive and dominated the movements of the US crude oil futures contracts within the idea of retesting the resistance level of 75.40, as we mentioned last Friday, recording its highest level at $75.44 per barrel. Technically, the stochastic started to gradually lose bullish momentum in the …
Read More »Gold touches targets and extends its gains 9/1/2023
Gold prices achieved substantial gains, taking advantage of the USD decline within the positive outlook, as we expected during last week’s trading, touching the official target station at $1880 per ounce. Technically, and by looking at the 4-hour chart, we note the stability of the price above the 50-day simple …
Read More »Euro is breaching resistance, positivity remains 9/1/2023
EURUSD pair jumped to achieve strong gains at the end of the trading week last Friday after it managed to exit from the sideways track, as we indicated during all trading reports of the past week, explaining that the price’s consolidation above the resistance level of the psychological barrier 1.0600 …
Read More »Dow Jones below resistance ahead of US employment data 6/1/2023
Oil, Crude, trading
Read More »CAD testing resistance 6/1/2023
Negative trading dominated the movements of the Dow Jones industrial index on Wall Street, after it failed to maintain positive stability above 33,030, explaining that the infiltration below 33,030 puts the index under strong negative pressure to target 32,840, recording its lowest level at 32,806. Technically, the simple moving averages …
Read More »GBP: touches targets, negativity persists 6/1/2023
Oil, Crude, trading
Read More »Oil is trying to recover its losses 6/1/2023
Mixed trading tended to limited positivity, dominating the prices of US crude oil futures contracts, trying to compensate for part of its losses, recording a high of 74.88. Technically, upon closer look at the chart, the simple moving averages continue to exert negative pressure on the price from above. Still, …
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