Technical Analysis

Limited positive attempts dominated the movements of US crude oil futures prices, failing to breach the main resistance of the current trading level at 80.60. Technically, by looking closely at the 240-minute chart, we notice clear negative signs on the stochastic indicator, which is gradually losing bullish momentum and trading …

Positive trading dominated gold’s movements at the beginning of this week’s trading within the expected bullish path during the previous technical report, in which we relied on stability above the 1913 level, touching the first desired target of 1924, recording its highest level at $1925 per ounce. Technically, we find …

We adhered to intraday neutrality during the first trading sessions of this week due to the inconsistency between the technical signals, to find the EUR/USD pair trying to recover and now hovering around its highest level during the early trading of the current session at 1.0836. On the technical side …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar achieved the first official target that should be touched during the previous technical report at 1.3640, recording its highest level at 1.3640. Technically, by looking at the 4-hour chart, we find that the pair is still stable above 1.3560, and in general, above 1.3500, the support represented …

japanese-yen

Oil, Crude, trading

Mixed movements still control the prices of US crude oil futures contracts, to move in both upward and downward directions, recording a high of 80.45 before hitting a low of around $78.20 per barrel. Technically, by looking at the 240-minute chart, the price is shifting around the 50-day simple moving …

Gold prices achieved an intraday break of the strong support floor published during the previous technical report at the price of 1913, explaining that the decline below the mentioned support level puts the price under negative pressure again, so we are awaiting the return of the official bearish trend, with …