Positive trading dominated the prices of US crude oil futures contracts yesterday, achieving remarkable gains, reaching $79.87 per barrel. Technically, by looking at the 4-hour chart, the price continued to receive a positive sign from the simple moving averages that support the daily bullish price curve, in conjunction with the …
Read More »Gold is facing strong resistance 23/12/2022
Gold prices witnessed a bearish trend during the previous trading session, after it succeeded in touching the official target of the bullish wave around 1824, which formed a strong supply level that forced the price to decline, recording its lowest level of $1792 per ounce. On the technical side, today, …
Read More »Euro repeats breakout opportunities 23/12/2022
The Eurodollar pair’s attempts maintain the bullish context, trying to breach the strong resistance level at 1.0660, after it succeeded in building on the support 1.0570/10.580. Technically, and by looking closely at the 240-minute chart, the simple moving averages are trying to pressure the price from above. On the other …
Read More »Dow Jones is waiting for pending orders 15/12/2022
Oil, Crude, trading
Read More »CAD waiting for a signal 15/12/2022
Negative trading dominated the movements of the Canadian dollar, heading to visit the first official target to be achieved yesterday, at 1.3520, recording its lowest level at 1.3518. Technically, we notice the continuation of the negative pressure coming from the simple moving averages that continue to pressure the price from …
Read More »GBP: facing strong resistance eyes BoE 15/12/2022
Oil, Crude, trading
Read More »Oil needs extra momentum 15/12/2022
US crude oil futures prices achieved the bullish target that should be touched during the previous report at 77.40, recording a high of 77.72. Technically, by looking at the 240-minute chart, we find that the simple moving averages are still holding the price from below, and support the possibility of …
Read More »Gold is losing momentum temporarily 15/12/2022
Trading tended to be positive, dominating gold prices yesterday, recording its highest level around $1814 per ounce, as the current movements witness a bearish tendency. Technically, the current trading is witnessing several stabilizations of the price again below the 1810 level, under pressure from the clear negative signs on the …
Read More »Euro re-test support, eyes on ECB 15/12/2022
The EUR/USD pair continues its attempts to rise within the gradually ascending path, as we expected, recording its highest level during the previous session’s dealings, near the psychological barrier of 1.0700. On the technical side today, and with a closer look at the 240-minute chart, we notice that the pair …
Read More »Dow Jones is rising strongly 14/12/2022
Oil, Crude, trading
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