Daily Technical Analysis

Oil, Crude, trading

Strong gains dominated US crude oil futures prices within the expected bullish context, surpassing the required targets at 90.75 and recording the highest level at 92.80. Technically, the simple moving averages support ascending, accompanied by positive signs from the RSI stable above the 50 mid-line. From here and steadily trading …

Gold prices jumped at the end of last week’s trading. We adhered to intraday neutrality in the previous report, explaining that we are waiting to activate the pending orders, a pending buy order above 1647, to open the door to 1660 and then 1677, recording its highest level at $1681 …

The single European currency reversed the expected bearish trend during the previous analysis, supported by the decline of the US dollar after the US jobs data, to end the trading sessions last week on a high, recording the highest 0.9966. The technical aspect today indicates the possibility of resuming the …

Oil, Crude, trading

A weak bullish trend, as we mentioned, dominated the Canadian dollar’s movements yesterday within the targeted bullish path, surpassing the required target of 1.3760 and recording its highest level around the resistance of the psychological barrier of 1.3800. Technically, the pair failed to stabilize for a long time above 1.3800 …

Oil, Crude, trading

Mixed trading dominated the futures prices of US crude oil yesterday, trying to maintain the expected bullish context during the previous analysis, in which we relied on stability above the strong support level 88.10 to end its daily trading above the mentioned level, and it is now trading around 88.80. …

A bearish trend dominated gold prices to touch the awaited weekly target at 1615, recording its lowest level during the last session’s trading of 1616. Technically: Gold’s movements witnessed a bullish rebounding tendency to the upside as a result of touching the main support of the current trading levels represented …

Negative trading witnessed the euro’s movements against the US dollar yesterday, within the expected bearish context, touching the first to be achieved at 0.9770, to extend its losses approaching a few points from the second target of 0.9710, recording its lowest trading at 0.9730. Technically, the simple moving averages still …