Tag Archives: analysis

Oil, Crude, trading

Negative trading dominated the US crude oil futures prices within the expected bearish path at the end of last week’s trading. It was heading towards the official target of 84.40, recording its lowest level of $84.30 per barrel. Technically, by looking at the 4-hour chart, we notice that Stochastic is …

Remarkable declines dominated gold prices, posting huge losses within the expected bearish trend during the last analysis, touching the official target at $1660/ounce and approaching by a few points from the second target of $1650, recording its lowest level at $1654 per ounce. On the technical side today, stochastic is …

Limited sideways trading tended to the negativity dominating the movements of the euro against the US dollar, and the current moves are witnessing the stability of the pair’s exchange rate below the parity point of 1.0000, which constitutes a pivotal level for the current trading levels. Technically, by looking at …

Oil, Crude, trading

The Canadian dollar achieved the first target required to be touched during the previous analysis, at 1.3245, recording its highest level during the morning session of the current session at 1.3255. Technically, the Canadian dollar continues to achieve gains based on the positive motive coming from the simple moving averages …

Oil, Crude, trading

Divergent movements dominated the prices of US crude oil futures yesterday, after it failed to confirm the breach of the pivotal supply area published during the previous analysis at 89.10, explaining that it is an important and basic condition for the continuation of the rise, which forced it to move …

Gold prices incurred heavy losses yesterday amid selling within the bearish directional movement, as we expected, bypassing the official target station 1680, heading near the next station 1650, to settle for its lowest level at $1660 per ounce. On the technical side, the simple moving averages still support the daily …

Limited sideways trading dominated the EUR/USD pair’s movements during the previous trading session, to find that the movements were restricted between 0.9960 and 1.0000. From the technical analysis angle, and by looking at the 4-hour chart, we find positive crossover signs that started appearing on the stochastic indicator, in addition …