US crude oil prices attempted to recover by the end of last week’s trading, recording a high of $73.53 per barrel, and tries to rise are still limited after oil failed to stabilize for a long time above the $73.00 level. Technically, we tend to be negative, but with caution, …
Read More »Gold and selling pressure is in place 30/5/2023
Gold prices continue to decline gradually to the downside within the expected bearish context, approaching achieving the first target of the previous analysis of 1935, to witness the current movements’ lowest level during the morning trading of today’s session, $1939 per ounce. Today’s technical vision indicates the possibility of continuing …
Read More »Euro continues to fall against the dollar 30/5/2023
The Eurodollar pair opened its weekly trading, to move within the bearish trend, and starting with an initial breach of the support level of 1.0730, to witness the current movements of the pair stabilizing around the psychological barrier of 1.0700. Technically, we tend in our trading to be negative, relying …
Read More »Dow Jones may witness an intraday rise 26/5/2023
Oil, Crude, trading
Read More »CAD extends its gains 26/5/2023
Significant gains were witnessed by the Canadian dollar’s movements yesterday within the bullish path published during the previous technical report, touching the first target to be achieved at 1.3650, recording its highest level at 1.3654. Technically, and by looking at the 4-hour chart, we find that the simple moving averages …
Read More »GBP maintains the bearish trend 26/5/2023
Oil, Crude, trading
Read More »Oil needs to be monitored 26/5/2023
US crude oil futures declined, invalidating the positive outlook as we expected, in which we relied on trading stability above 73.40, touching the stop loss order, and recording a low of 71.04. Technically, the current movements are stable below the previously broken support at 71.55, represented by 61.80% Fibonacci correction, …
Read More »Gold is under selling pressure 26/5/2023
Gold prices achieved the negative consideration, as we expected within the corrective decline mentioned during the current week’s trading, touching the required official station 1945 and touching the additional target 1936, recording its lowest level at $1936 per ounce. Technically, the intraday movements witness stability above 1945, Fibonacci correction 50.0%. …
Read More »Euro is waiting to break support to resume the decline 26/5/2023
A negative trading session dominated the movements of the euro-dollar pair during the previous trading session, within the expected bearish path, recording its lowest level at 1.0707. From the point of view of technical analysis today, the pair is currently hovering around the 1.0730 support level, represented by a Fibonacci …
Read More »Dow Jones touching the downside targets 25/5/2023
Oil, Crude, trading
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