Oil, Crude, trading
Read More »Oil is trying positively 22/12/2023
Mixed trading characterized the prices of US crude oil futures contracts, exhibiting fluctuations in both upward and downward directions. Amidst yesterday’s trading, it successfully retested the target at 73.10, reaching its lowest point at 72.45. Subsequently, it initiated an upward rebound around the resistance level of 74.90, achieving a peak …
Read More »Euro breaks resistance 22/12/2023
Positive trades dominated the euro’s movements against the US dollar as it successfully consolidated above the robust resistance level at 1.0960, initiating an attack on the psychological barrier of 1.1000 and subsequently stabilizing around it. On the technical front today, intraday movements demonstrate stability above the previously breached resistance, now …
Read More »Dollar stabilizes and sterling faces pressure as focus shifts to US inflation
On Thursday, the dollar steadied, while the pound experienced losses in light trading activity during the holiday season. Market participants are anticipating the release of crucial year-end data—the U.S. inflation figures scheduled for Friday. The pound faced significant losses against the dollar, marking its most substantial decline in two months …
Read More »European stocks decline due to losses in the auto and real estate sectors
European stocks experienced a decline on Thursday, particularly within the real estate and auto sectors, following a sharp sell-off on Wall Street in the previous session. Investors, in anticipation of more economic data from the United States, sought additional indicators on the trajectory of global interest rates. As of 0817 …
Read More »Nasdaq Requires Close Examination 21/12/2023
Oil, Crude, trading
Read More »Dow Jones attacks 38,000 and positivity continues 21/12/2023
Oil, Crude, trading
Read More »USD/JPY may continue to fall 21/12/2023
japanese-yen
Read More »GBP under negative pressure 21/12/2023
Oil, Crude, trading
Read More »Oil retests support 21/12/2023
Positive trading prevailed in the US crude oil futures market until midday, reaching the designated target of 75.40 and peaking at 75.35. Technically, examining the 4-hour chart reveals that the 75.40 level is exerting substantial downward pressure on oil, prompting a swift retreat towards 73.54. The negative stochastic indicator is …
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