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Oil, Crude, trading
Read More »GBP touching the required bullish target 4/4/2023
Oil needs to monitor price behavior 4/4/2023
Strong rises were witnessed in the prices of US crude oil futures contracts, to start its first weekly dealings on a rising price gap under the influence of the OPEC decision, to record its highest level of $81.50 per barrel. Technically, By looking closely at the 240-minute chart, we find …
Read More »Gold derives its strength from consolidation above support 4/4/2023
Gold prices failed to break the pivotal support floor published during the previous analysis at 1960, explaining that it represents the key to protecting the official bullish trend, returning to the bullish rebound towards 1990, to end its daily dealings above the support mentioned above. Technically, the overall bullish trend …
Read More »Euro settled above support 4/4/2023
The Euro tried to maintain the main bullish trend during the first trading of this week, explaining during the previous report that the price remaining above 1.0800 stimulates the price to retest 1.0920, recording its highest level at 1.0925. Technically, the Euro has stabilised above the 50-day simple moving average, …
Read More »Dow Jones returns to gain 3/4/2023
Oil, Crude, trading
Read More »CAD continues to decline 3/4/2023
The Canadian dollar achieved the negative targets we expected within the bearish path published during the previous technical analysis, touching the official target at the end of last week’s trading at 1.3550, recording the lowest at 1.3505. Technically, we tend to be negative, relying on the continuation of the negative …
Read More »GBP is looking for more upside 3/4/2023
Oil, Crude, trading
Read More »Oil may witness a session in the green areas 3/4/2023
US crude oil futures prices witnessed an upward rebound by the end of last week’s trading, building on the strong support floor of 72.60. Technically, with a close look at the 240-minute chart, the price has returned to stability above the simple moving averages that support more rises and is …
Read More »Gold settled above the ascending trend support line 3/4/2023
The yellow metal’s efforts continued to maintain its attempts to rise, which stopped temporarily due to the negative pressure from the 1987 resistance level, forcing the price to decline temporarily. Technically, the overall bullish trend is still the most likely, relying on the stability of trading above the previously breached …
Read More »Euro is looking for additional momentum 3/4/2023
The single European currency showed movements within a bearish bias due to the clash with the resistance level of 1.0920, which forced the pair to retest 1.0820, which concluded last week’s trading above the mentioned support level. Technically, and looking at the 4-hour chart, we find that the 50-day SMA …
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