US crude oil futures prices incurred significant losses during the previous trading session amid intense selling operations, recording a low of $70.83 per barrel. Technically, the simple moving averages continue the negative pressure on the price from above and support the possibility of continuing the bearish gap. This comes with …
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Positive movements dominated gold prices, but within a narrow path, recording its highest price at $1914 per ounce, trying to benefit from stability above 1895. Technically, and with a closer look at the 240-minute chart, we find that the price is stable above the 50-day simple moving average, and the …
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Narrow sideways trading that tends to be positively dominated the movements of the euro-dollar pair during the previous trading session, trying to breach the pivotal resistance level of 1.0745, recording its highest level at 1.0760, but ended the transactions below the mentioned level. On the technical side today, by looking …
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Oil, Crude, trading
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The Canadian dollar hit the resistance level of 1.3860 after attempting to approach the target mentioned in the previous report, 1.3890, to trade negatively again below 1.3780. Technically, the current movements are witnessing a bearish direction accompanied by the negative pressure of the simple moving averages, which returned pressure on …
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Oil, Crude, trading
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Attempts for US crude oil futures contracts continue to achieve some gains within the bullish path published during the previous technical analysis, surpassing the target of 76.00, recording its highest level at $77.42 per barrel. Technically, the 50-day simple moving average still constitutes an obstacle in front of oil prices, …
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Gold prices jumped on the shoulders of the US dollar after the US jobs data last Friday, close to achieving $1900 per ounce, recording its highest level of 1894. Today, gold prices consolidated above the support level of 1860, accompanied by the positive impulse from the simple moving averages supporting …
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A noticeable rise for the Euro-dollar pair, achieving substantial gains, building on the weakness of the US dollar after the US jobs data, invalidating the technical outlook as we expected. As a reminder, we indicated during the previous technical report that the price’s consolidation once again above 1.0640 would immediately …
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Oil, Crude, trading
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