Futures prices achieved good gains during the previous trading session within the expected bullish context, surpassing the first target that should be touched at 75.60 to record its highest level at $76.11 per barrel. The technical outlook remains unchanged; we are positive depending on the price’s consolidation in general above …
Read More »Gold takes advantage of dollar’s weakness. Is $2000 the focus of attention? 13/7/2023
Gold prices recorded significant gains, taking advantage of the weakness of the US dollar, explaining that we are monitoring the price behavior until the breach of the main resistance level of 1945 is confirmed, explaining that this enhances the chances of touching 1961, so that gold prices succeed in recording …
Read More »Euro is aggressively attacking USD 13/7/2023
Remarkably positive trades dominated the movements of the euro-dollar pair within the positive technical outlook, as we expected during the previous report, touching the required targets at 1.1100, close by a few pips to the main target 1.1160, recording its highest level at 1.1148. Technically, and with a closer look …
Read More »Nasdaq is looking for additional momentum 12/7/2023
Oil, Crude, trading
Read More »CAD pressure support 12/7/2023
The bullish tendency of the Canadian dollar stopped after it hit a strong resistance level around 1.3300, recording its highest level at 1.3290, to start the bearish trend controlling the pair’s movements again, and it is currently trading around its lowest level during today’s morning trading at 1.3200. Technically, and …
Read More »GBP advancing against USD 12/7/2023
Oil, Crude, trading
Read More »Oil is getting positive signals 12/7/2023
US crude oil futures prices jumped to achieve noticeable gains yesterday to start attacking the psychological resistance level of 75.00%, recording its highest level during the morning trading of the current session at $75.10 per barrel. Technically, we are positive depending on the price’s consolidation above the strong support floor …
Read More »Gold is waiting for a stronger trend 12/7/2023
Gold prices witnessed an upward trend during the previous trading session as part of the continuation of the positive attempts to stabilize above the 1930 level, explaining that the price’s consolidation, at least an hourly candle above the 1930 level, can consolidate gold’s gains towards 1945, recording the highest $1941 …
Read More »Euro continues to rally against USD 12/7/2023
The euro traded positively against the US dollar during the previous trading session after it confirmed the breach of the 1.0940 resistance level to start attacking the psychological barrier of 1.1000, recording its highest level at 1.1033. On the technical side today, and by looking closely at the 240-minute chart, …
Read More »Dow Jones faces negative pressure and eyes on employment data 7/7/2023
Oil, Crude, trading
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