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Oil, Crude, trading
Read More »GBP remains unstable 27/9/2022
Oil continues to slide 27/9/2022
US crude oil futures prices declined, recording $76.30 per barrel within the strong selling wave that the markets were exposed to at the end of last week’s trading. Technically, trading stability below 78.00 supports the possibility of a drop, in addition to the negative crossover of the simple moving averages …
Read More »Gold continues to decline on the aggressive rise of the dollar 27/9/2022
Gold prices continue to achieve losses against the aggressive rise of the US dollar, recording its lowest level during the first trading of this week, $ 1621 per ounce. Today’s technical aspect indicates the possibility of resuming the bearish directional movement, adopting the criteria of dealing with descending price channels, …
Read More »Euro is testing resistance, negativity remains 27/9/2022
The general bearish directional movement still dominates the movements of Euro against USD within weak bullish attempts that targeted a retest of 0.9700, and it returns to trading negatively again. On the technical side, with a closer look at the 240-minute chart, we find that the negative crossover of the …
Read More »Dow Jones is waiting for confirmation of breaking 30,000 to continue the descending wave 23/9/2022
Oil, Crude, trading
Read More »CAD re-tested support 23/9/2022
The Canadian dollar continues its attempts to maintain the bullish path after it retested the strong support floor located at 1.3400, forcing it to rebound to the upside once again within the expected bullish context. From the technical analysis point of view, we tend to rise cautiously, relying on the …
Read More »GBP continues to suffer losses 23/9/2022
Oil, Crude, trading
Read More »Oil tends to fall 23/9/2022
Negative trading has regained control over the price movements of US crude oil futures after it failed to stabilize for a long time above the 85.00 barriers, recording its lowest level at 82.45. Technically, by looking at the chart, we find the simple moving averages continuing the negative pressure on …
Read More »Gold needs a new signal 23/9/2022
The solid resistance levels mentioned during yesterday’s technical report, located at 1680, could limit the bullish bias that occurred during the previous session to make gold fail, explaining that it represents the key to protecting the bearish trend. Technically, the current moves are witnessing stability below 1680, accompanied by the …
Read More »Euro Hits resistance and negative pressure remain 23/9/2022
The resistance levels published during the previous analysis, at 0.9900, managed to limit the temporary rise witnessed by the EUR/USD pair yesterday, to return to trading negatively within the expected bearish path. On the technical side, and carefully looking at the 240-minute chart, we find a bearish technical structure that …
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