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Oil, Crude, trading
Read More »GBP: Trying to recover within the bearish trend 31/8/2022
Oil reverses the trend and breaks a critical support 31/8/2022
US crude oil futures prices reversed the expected bullish trend during the previous analysis, in which we depended on the stability of trading above the 94.70 support floor. Breaking 94.70 postpones the idea of the rise and puts the price under temporary negative pressure targeting 93.60, recording its lowest level …
Read More »Gold continues its gradual decline 31/8/2022
Gold price movements witnessed negative trading yesterday, within the negative outlook, as we expected, based on confirming the breach of the support level of 1729, touching the first target of 1721, to record the lowest level of $1720 per ounce. On the technical side, price stability below the 1729 Fibonacci …
Read More »Euro is looking for price catalysts 31/8/2022
Sideways trades tended to be positive, but weakly positive, within attempts throughout the second session in a row to breach the strong resistance level 1.0050/1.0045, unable to penetrate it until now, confined from below above 0.9980 and from above below 1.0050. From the angle of technical analysis today, we find …
Read More »Dow Jones: negativity in place 30/8/2022
Oil, Crude, trading
Read More »GBP/JPY: facing negative pressure 30/8/2022
Negative trading continued to dominate the movements of the pound sterling against the Japanese yen, after it hit the resistance level of 162.65, which forced it to settle negatively. On the technical side, we are inclined to negativity, relying on the clear negativity signs on the stochastic indicator. with because …
Read More »CAD maintains bullish path 30/8/2022
Positive trades witnessed the movements of the Canadian dollar, maintaining positive stability, benefiting from a base on the solid support floor located at 1.2950. Technically and carefully considering the 4-hour chart, we find the pair confirmed the breach of the 1.12960 resistance level, which has now turned into the 61.80% …
Read More »GBP: selling pressure is in place 30/8/2022
Oil, Crude, trading
Read More »Oil achieves the goals and expands its gains 30/8/2022
US crude oil prices continue to achieve gains within the targeted upward path, bypassing the official station required to be touched during the report issued yesterday at 96.40, recording its highest level of 97.36. Technically, we find that the simple moving averages continue to provide a positive stimulus that supports …
Read More »Gold is gradually losing momentum 30/8/2022
Gold prices found strong resistance around the key supply areas at 1745 published during the previous analysis, explaining that stability and stability below it is a condition for maintaining the general bearish trend on the intraday term, to find gold unable to break it until now. Technically and carefully considering …
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