Technical Analysis

US crude oil futures prices hit the first awaited target yesterday at 90.00 to succeed in recording the highest price of $90.35 per barrel. Looking at the chart, crude oil is consolidating above the strong support floor at 88.10, accompanied by the positive motive coming from the 50-day simple moving …

Gold prices witnessed mixed movements during the previous trading session, influenced by the Federal Reserve’s decision to raise interest rates by 75 basis points for the fourth time this year. Technically, trading quickly returned to stability below the strong supply area published during all technical reports for the current week …

The movements of the euro against the dollar witnessed a clear fluctuation after the Federal Reserve decided to raise interest rates by 75 basis points to reach an interest rate of 4.0%. However, the movements remained negative within the bearish technical path as we expected, approaching the first target station …

Oil, Crude, trading

The Canadian dollar provided positive movements during the last session to retest the pivotal resistance level at 1.3680, limiting the rise. Technically, and by looking at the chart, we find features of a bearish technical formation that started to form that may pressure the price to achieve more decline, in …

Oil, Crude, trading

As we expected during the previous analysis, an upward trend dominated US crude oil’s performance yesterday, touching the first required target at 89.50, recording its highest level at 89.74. Technically, we tend to trade positively but cautiously, relying on the positive motive from the simple moving average and the positive …

Negative trading continues to dominate gold’s movements within the expected bearish context, to find the price traded negatively as soon as it approached the pivotal resistance level at 1660, which forced it to retest 1630. Technically, and by looking at the 4-hour chart, we notice the 50-day simple moving average …

The single European currency found a good demand area around the posted level during the last analysis at 0.9850 within the bullish rebound attempts that are still limited. Technically, and carefully considering the 4-hour chart, we find the euro is still stable below the parity point against the US dollar, …

Oil, Crude, trading