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Oil, Crude, trading
Read More »GBP loses momentum and maintains the bearish path 9/3/2023
Oil touches the first bearish target 9/3/2023
US crude oil futures prices achieved the negative outlook as we expected, touching the first target mentioned in the previous technical report, located at 76.20, recording its lowest level at 76.15. Technically, oil’s current movements are witnessing stability below the 76.00 barrier, as we find the simple moving averages form …
Read More »Gold is still facing negative pressure 9/3/2023
Limited attempts in gold prices to retest 1828, trying to compensate for its previous losses, after it recorded its lowest level at $1809 per ounce. Technically, and with a closer look at the 4-hour chart, we find that gold failed to maintain positive stability above 1828, the previously broken support, …
Read More »Euro is hovering around the 50.0% Fibonacci retracement 9/3/2023
The movements of the eurodollar pair witnessed a calm trading session yesterday, after it recorded significant declines against the US dollar after the semi-annual testimony of the Federal Reserve Chairman before the Senate. Technically, today, the euro is settling below the minor resistance level 1.0575, in addition to the pair’s …
Read More »Dow Jones is under selling pressure 8/3/2023
Oil, Crude, trading
Read More »CAD breaks resistance and positivity remains 8/3/2023
The Canadian dollar returned to achieving gains after it ended the bearish slope and succeeded in building on the strong support floor of 1.3630, explaining that the price’s consolidation above 1.3630 completely invalidates the activation of the bearish scenario. The pair recovers, waiting for 1.3670 and 1.3700, respectively, to record …
Read More »GBP incurred great losses 8/3/2023
Oil, Crude, trading
Read More »Oil breaks support 8/3/2023
Negative movements dominated the prices of US crude oil futures contracts, after colliding with the resistance level of 80.90, in addition to the failure of oil to maintain positive stability above the broken support of 79.50. Technically, we tend to be negative in our trading, relying on breaking the support …
Read More »Gold surrenders to the strength of USD 8/3/2023
The yellow metal gave up its recent gains as a result of the rise of its American rival after Jerome Powell, Chairman of the Federal Reserve, testified yesterday before the Senate in the semi-annual testimony, to lead gold to resume the bearish corrective path after it succeeded in breaking 1838, …
Read More »Euro is giving up gains to USD 8/3/2023
The EURUSD pair declined significantly yesterday, affected by the positivity of the US dollar, after Jerome Powell’s testimony before Congress, nullifying the expected bullish path. As a reminder, we indicated that closing an hourly candlestick below 1.0640 leads the euro-dollar pair to the bearish path again, with targets starting at …
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