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Oil, Crude, trading
Read More »GBP starting to press support 7/12/2022
Oil touches targets, negative pressure remains 7/12/2022
The prices of US crude oil futures contracts incurred significant losses during the previous trading session, within the downward track, as we expected in the last report, touching the required target at 75.20, recording its lowest level at $73.44 per barrel. Technically, looking at the 240-minute chart, with regular movement …
Read More »Gold is waiting for a stronger trend 7/12/2022
The support levels published during the previous technical report, at 1764, were able to limit the bearish slope that occurred with the first trading sessions of this week and forced gold prices to rebound, limitedly to retest 1780 during the previous trading session. Technically, with a closer look at the …
Read More »Euro in a sideways, await pending orders 7/12/2022
The pair was trading in a narrow range, and the EUR/USD pair did not show any significant change and was stable from above or below the resistance level of 1.0510 and below the support level of 1.0460. Technically, and with careful consideration, we notice the continuation of the conflicting technical …
Read More »Dow Jones is facing negative pressure 6/12/2022
Oil, Crude, trading
Read More »CAD back to positivity 6/12/2022
The Canadian dollar jumped yesterday to reverse the expected bearish trend during the previous analysis, in which we relied on trading stability below 1.3480, explaining that consolidation above the aforementioned level is capable of completely thwarting the suggested scenario, and the pair may recover with a bullish target first at …
Read More »GBP looking for extra momentum 6/12/2022
Oil, Crude, trading
Read More »Oil gives up gains amid mixed trading 6/12/2022
US crude oil futures prices declined significantly, invalidating the positive outlook we expected, in which we relied on the consolidation of daily trading above the support level of 79.70, explaining that breaking the mentioned level will cancel the idea of resuming the rise and put the price under immediate negative …
Read More »Gold needs to be watched 6/12/2022
Negative trading dominated gold’s movements at the beginning of this week’s trading after it touched its highest level since last June, around $1810 per ounce. As a reminder, we indicated during the previous analysis that the decline below 1786 leads gold to retest 1768, recording its lowest level at 1765. …
Read More »Euro retesting support 6/12/2022
Little negativity dominated the movements of the EUR/USD pair as a result, after it witnessed substantial gains last Friday, heading to the downside due to the price approaching the resistance level of the psychological barrier 1.0600. On the technical side, the support levels published in the previous technical report at …
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