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Oil, Crude, trading
Read More »GBP facing negative pressure 31/1/2023
Oil touches downside targets and selling pressure remains 31/1/2023
US crude oil futures prices incurred significant losses within the expected negative outlook during the technical report issued yesterday, touching the official target station at 78.25, recording its lowest level during the early trading of the current session at 77.56. Technically, we continue to suggest the bearish daily trend, relying …
Read More »Gold is waiting for big moves today 31/1/2023
Narrow range side trading did not witness a significant change to find gold prices maintaining stability between 1920 and 1936. As a reminder, we indicated during the previous analysis that price consolidation above 1936 is a condition for resuming the bullish trend. On the technical side, by looking at the …
Read More »Euro is pressing support and we are waiting for a stronger signal 31/1/2023
Quiet trades tended to be positive within the expected bullish track, for the EUR/USD pair to touch the first target achieved during the previous report at 1.090, recording its highest level at 1.0913. Technically, the pair found a strong resistance level around the psychological barrier 1.0900, and failed to stabilize …
Read More »Dow Jones retests support 30/1/2023
Oil, Crude, trading
Read More »CAD resumes the descent 30/1/2023
We remained neutral during the last report due to conflicting technical signals for CAD, explaining that activating short positions depends on breaking 1.3350, targeting 1.3300, and recording a low of 1.3299. Technically, and with a closer look at the 240-minute chart, we notice the continuation of the negative pressure of …
Read More »GBP is testing support 30/1/2023
Oil, Crude, trading
Read More »Oil starts negative 30/1/2023
US crude oil futures prices were able to touch the first bullish target at 82.30, recording its highest level at the end of last week’s trading at 82.45, which formed a strong resistance level that forced oil to trade significantly to be able to break the support floor of 80.20, …
Read More »Gold needs a new price catalyst 30/1/2023
Gold stayed in narrow sideways actions and was confined between 1920 and 1936. From a technical point of view, today we tend to be positive but with caution, relying on the continuation of the simple moving average’s attempts to provide a positive impulse, in addition to the emergence of positive …
Read More »Euro consolidating above support 30/1/2023
Negative trading dominates the movements of EURUSD due to stability below the resistance level of the psychological barrier 1.0900, which forced the pair to retreat marginally, to witness the current movements stabilizing around its lowest level during the morning trading of the current session 1.0865. Technically, and with a closer …
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