Tag Archives: analysis

Oil, Crude, trading

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the buying positions depends on confirming the breach of oil prices to the level of $79.50, which increases the possibility of achieving a rise that targets $80.80, surpassing the target, recording the …

Positive trades dominated gold prices during the middle of the previous trading session, and it was able to breach the pivotal resistance level published during the last report, at 1646, explaining the importance of that level. Technically, by looking at the 4-hour chart, we find the 50-day simple moving average, …

The movements of the EUR/USD pair witnessed attempts to recover and compensate for losses during the last trading session, nullifying the bearish technical outlook, in which we relied on trading stability below 0.9710, recording the highest level at 0.9750. On the technical side today, the euro is witnessing stability above …

Oil, Crude, trading

Movements tended to the downside temporarily within the tendency to retest the support, as we explained yesterday, to approach the retest target at 1.3620, recording the lowest at 1.3640 to start the bullish rebound as we expected. Technically, the pair’s success in building a base on the 1.3640 support with …

Oil, Crude, trading

US crude oil futures prices temporarily reversed the expected bearish trend, in which we relied on price stability below 78.00 areas. We indicated that the attempt to cohesion and stability above 78.00 leads the price to recover temporarily, targeting 79.50, to record oil prices as high as 79.45, compensating for …

Gold’s attempts to compensate for its losses failed yesterday after it found a strong resistance level near 1642, which formed an obstacle that could limit recovery attempts, approaching by a few points from our target of 1618, recording its lowest price at 1622. Technically, there was no significant change in …

The single European currency continues to crawl negatively against the US dollar within the bearish directional movement and within the expected bearish context yesterday, touching the first target to be achieved at 0.9550, recording its lowest level during the morning trading of the current session at 0.9542. Technically, today, and …