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Oil, Crude, trading
Read More »Dow Jones tries to hold above support 22/11/2022
CAD: Looking for extra momentum 22/11/2022
Trading tended to be positive, dominating the movements of the Canadian dollar after it confirmed the breach of the resistance level of 1.3350, to end its daily dealings above the mentioned level. Technically, we tend to be positive in our trading, relying on the positive impulse from the 50-day simple …
Read More »GBP: Negative pressure remains 22/11/2022
Oil, Crude, trading
Read More »Oil: incurring huge losses and the risks are high 22/11/2022
US crude oil futures prices incurred significant losses during the previous trading session, surpassing the bearish targets that must be touched in the last analysis at 80.00, to deepen its losses, reaching $75.30 per barrel. Technically, by looking at the 4-hour chart, we find that the simple moving averages continue …
Read More »Gold continues the corrective decline 22/11/2022
Gold prices achieved the corrective decline idea published during the previous technical report, touching the first official target of the bearish correction wave at 1734, recording its lowest level in the last session, trading at $1732 per ounce. Technically, and by looking closely at the 240-minute chart, we find a …
Read More »Euro breaks support 22/11/2022
The EURUSD pair started its first weekly trading on a bearish slope, after finding a strong resistance level around 1.0400, below the strong demand point indicated at 1.0270, explaining that the decline below the mentioned level puts the pair under negative pressure; its first target is 1.0200, recording its lowest …
Read More »Dow Jones: Selling pressure remains 18/11/2022
Oil, Crude, trading
Read More »CAD: to be watched closely 18/11/2022
The resistance levels published in the previous analysis at 1.3400 could limit the bullish tendency in the last session’s trading, which forced the pair to trade within the downside path again, recording its lowest level at 1.3305. Technically, negative pressure comes from the simple moving averages, accompanied by clear negative …
Read More »GBP building support 18/11/2022
Oil, Crude, trading
Read More »Oil: touches the target and confirms the break 18/11/2022
As we expected, US crude oil futures prices incurred significant losses during the last session’s trading within the negative outlook, surpassing the official target station at 82.10, recording its lowest price at $81.42 per barrel. Technically, oil confirmed breaking the support level of 82.00, and the current movements are witnessing …
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