US crude oil futures prices jumped by the end of last week’s trading to achieve noticeable gains during the American period, recording a high of $83.26 per barrel. Today’s technical outlook. Closer looking at the 240-minute chart, we notice the continuation and regularity of work within the bullish channel and …
Read More »Gold is waiting for further decline 7/8/2023
Gold prices remained downward during last week’s trading, recording its lowest level last Friday at $1924 per ounce. Technically, and by looking at the 240-minute chart, the price is stable below the strong resistance level of 1945, in addition to the continuation of the negative impact of the bearish technical …
Read More »The Euro is stable below resistance 7/8/2023
Negative trades continue to control the movements of the euro-dollar pair, to start this week’s trading on a bearish slope, stable below the resistance level of the psychological barrier 1.1000. On the technical side today, and when looking closely at the 4-hour chart, we find that stochastic continues to provide …
Read More »Nasdaq extends its gains 19/7/2023
Oil, Crude, trading
Read More »Dow Jones jumps on Wall Street 19/7/2023
Oil, Crude, trading
Read More »CAD maintains the bearish slope 19/7/2023
Trading tended to be negative, dominating the Canadian dollar’s movements, approaching by a few points the first target to be touched yesterday at 1.3150, to suffice for recording its lowest level at 1.3160. Technically, the technical outlook is as it is, without change, and with a closer look at the …
Read More »GBP may start a corrective decline 19/7/2023
Oil, Crude, trading
Read More »Oil is successfully testing support 19/7/2023
The support levels published during the previous technical report at 73.80, managed to protect the bullish trend as we expected, which forced the US crude oil futures prices to rebound upwards towards the official target 75.70, recording its highest level at $75.90 per barrel. Today’s technical outlook, and with a …
Read More »Gold continues to climb gradually 19/7/2023
Gold prices maintained the bullish path within the positive outlook, as we expected, in which we relied on the success of gold prices in successfully retesting the main support level 1945, heading to touch the second target 1976, approaching by a few pips at the third stop 1988, recording its …
Read More »Euro is touching the target and needs additional momentum 19/7/2023
The EUR/USD pair reached the first official target required to be achieved during the previous technical report, located at 1.1275, recording its highest level at 1.1275. On the technical side, the main resistance represented by the target 1.1275 was able to limit the bullish bias, which forced the pair to …
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