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Oil, Crude, trading
Read More »GBP: touches targets, negativity persists 6/1/2023
Oil is trying to recover its losses 6/1/2023
Mixed trading tended to limited positivity, dominating the prices of US crude oil futures contracts, trying to compensate for part of its losses, recording a high of 74.88. Technically, upon closer look at the chart, the simple moving averages continue to exert negative pressure on the price from above. Still, …
Read More »Gold is still above support, eyes on jobs data 6/1/2023
Gold prices came under negative pressure during the previous trading session, recording a low of $1825 per ounce, stable below the support of the bullish channel. Technically, and despite the decline witnessed by gold prices, it is still stable above the main support floor published during the previous analysis, at …
Read More »Euro is still waiting for a stronger trend 6/1/2023
We remained neutral during the previous report, for the second session in a row, due to a contradiction between the technical signals, as the movements of the Euro-dollar pair witnessed a downward trend, recording its lowest level at 1.0520. On the technical side, we previously indicated that the support level …
Read More »Dow Jones is trying to maintain positive stability 5/1/2023
Oil, Crude, trading
Read More »CAD returns to the downside path 5/1/2023
The Canadian dollar failed to surpass the pivotal resistance level published in the previous report at 1.3.680, explaining that it represents the key to protecting the bearish trend, which forced it to trade with noticeable negativity to break the support level of the psychological barrier of 1.3600, heading to visit …
Read More »GBP: Facing strong resistance 5/1/2023
Oil, Crude, trading
Read More »Oil touches targets and the negativity remains 5/1/2023
As we expected during the previous technical report, big losses were incurred by the prices of US crude oil futures contracts, touching the official target to be achieved at 73.40, recording its lowest trading for yesterday’s session at 72.80. Technically, with the continuation of the negative pressure coming from the …
Read More »Gold continues to advance and may reach new highs 5/1/2023
Gold’s movements showed an upward trend within the expected technical path in the previous report, touching the first official target station at the price of 1865, recording its highest level at 1865. Technically, the daily trend is still bullish, with the simple moving averages continuing to provide a positive impulse, …
Read More »Euro is waiting for a new directional signal 5/1/2023
We adhered to our intraday neutrality during the previous report, due to conflicting technical signals, to find the EUR/USD pair moving in a narrow path confined from below above the support level of 1.0520, and from above below the resistance level of 1.0630. On the technical side today, we find …
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