Daily Technical Analysis

Oil, Crude, trading

The Canadian dollar provided mixed trading yesterday, approaching a few points from the target published during the previous analysis at 1.2880, recording its lowest price at 1.2895. Technically, we find that the pair returned to the bullish rebound, benefiting from the pivot on the solid support floor of 1.2880. We …

Oil, Crude, trading

Mixed trading dominated the US crude oil futures prices during the previous trading session to maintain positive stability, recording a high of $95.72 per barrel. Technically, we notice the negative signs coming from the stochastic that support a bearish bias in the upcoming hours, in addition to the decline of …

We remained neutral and preferred to monitor the price behaviour for the second session in a row due to the conflicting technical signals, explaining that the confirmation of the bullish corrective bias that occurred yesterday depends on the consolidation above 1758, targeting 1761 and 1767 respectively, to record gold at …

The single European currency recorded its highest level against the US currency during yesterday’s trading session at 1.0033 to find a strong resistance level; as we explained during the last analysis that 1.0030 represents a strong supply point, which forced the pair to return to the bearish bias. On the …

Oil, Crude, trading

The Canadian dollar hit the resistance level of the psychological barrier at 1.3000, explaining that it represents one of the most important directional keys for the current trading levels. However, the pair failed to breach it, forcing it to trade negatively and retest the 1.2930 support level. On the technical …

Oil, Crude, trading

US crude oil futures prices managed to achieve the awaited bullish target at 95.70, to record its highest level during the last session’s trading at 95.67. Technically and carefully considering the chart, we find the simple moving averages still support the possibility of a rise, and we find the RSI …