Daily Technical Analysis

Oil, Crude, trading

US crude oil futures prices continued to achieve losses within the expected downside path in the previous analysis, touching the expected target at 78.60, recording its lowest level at 76.85. Technically, by looking at the 240-minute chart, the simple moving averages still put negative pressure on the price from above, …

Gold prices succeeded in touching the official target of the corrective bearish wave mentioned in the technical reports for the current week, as we expected to touch the target at 1720, recording its lowest level at 1720, to return within an upward rebound, and it is now trading around $1756 …

A positive trading session that witnessed the movements of the Euro-dollar pair within the expected bullish path during the last analysis, explaining that the breach to the upside and the consolidation above the resistance level of 1.0350 is a motivating factor that enhances the chances of touching our required target …

Oil, Crude, trading

Mixed trading dominated the movements of the Canadian dollar within a bearish slant to the downside after finding a solid resistance level of around 1.3460 to end the previous session’s trading at 1.3372. Technically, and by looking closely at the 240-minute chart, we find that the simple moving average started …

Oil, Crude, trading

We remained neutral during the last analysis due to the high-risk rate and the conflicting technical signals. However, yesterday’s trading session witnessed attempts by oil prices to compensate for the previous losses, recording a high of 82.35. Technically, by looking at the 240-minute chart, we find the stochastic around the …

Negative pressure still dominates gold prices after it failed to maintain the intraday positive stability above 1746 level, within a gradual decline to the downside, recording its lowest level near the strong support level 1734. On the technical side today, the simple moving averages continue the negative pressure on the …

A downward trend dominated the movements of the Euro-dollar pair during the previous trading session within the expected downward track mentioned in the last report, approaching by a few points by the first target 1.0210, to suffice for recording its lowest level at 1.0222. Technically, and with a closer look …