Oil, Crude, trading
Read More »Oil achieves goals and negativity persists 16/11/2023
Futures prices experienced a significant downturn during the previous trading session, aligning with a negative forecast as we anticipated in our previous report. The decline surpassed the official targets of 77.55 and 76.65, reaching its lowest level in the early trading hours of the current session at $75.92 per barrel. …
Read More »The Euro may see a bearish bias 16/11/2023
The Euro/Dollar pair experienced a predominance of negative trades in the prior trading session, as it hit its zenith at 1.0886, but encountered resistance at this level that effectively curtailed its upward trajectory. As we outlined in our previous technical report, a one-hour candle closing below 1.0860 could exert downward …
Read More »Nasdaq Consolidates Gains 15/11/2023
Oil, Crude, trading
Read More »Dow Jones Nears Extended Targets 15/11/2023
Oil, Crude, trading
Read More »CAD Could Experience Further Decline 15/11/2023
Yesterday, the Canadian dollar was dominated by negative trading after it failed to sustain positive stability above the support level of 1.3750, reaching its lowest point around the robust support of 1.3680. Today’s technical analysis reveals that the simple moving average continues to exert negative pressure on the price from …
Read More »USD/JPY Breaks Support 15/11/2023
japanese-yen
Read More »GBP Breaks Resistance 15/11/2023
Oil, Crude, trading
Read More »Oil Hits Resistance 15/11/2023
The US crude oil futures contracts have been dominated by positive trading, aligning with our bullish forecast. They have touched the initial target price of $79.20, and are now heading towards the next official mark of $79.60. The contracts recorded their peak at $79.72 per barrel. From a technical perspective, …
Read More »Euro Jumps Against USD 15/11/2023
In the last trading session, the Euro enjoyed a surge against the US Dollar, capitalizing on the latter’s fall following inflation data. This defied the bearish scenario we had anticipated, based on trading stability free from the psychological resistance barrier of 1.0700 at the time of the report. It seems …
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