Tag Archives: dollar

Oil, Crude, trading

An upward trend dominated the price movements of US crude oil futures contracts, as anticipated, reaching the official target at $79.40 and marking its highest level at $79.65 per barrel. However, technical analysis indicates that oil prices encountered strong resistance around $79.60, prompting a rapid reversal in the trend. Currently, …

The EUR/USD pair experienced a decline in the previous trading session, contradicting the anticipated positive outlook. In the earlier report, we relied on the stability of prices above 1.0960, noting that a return to stability below 1.0950 would temporarily halt the upward trend, leading to a retest of 1.0900 and …

European stocks rose on Thursday, led by mining and energy stocks, as investors awaited headline inflation levels in the United States and the euro zone that could support expectations of global interest rates peaking. The European STOXX 600 index rose 0.1 percent by 0810 GMT, achieving its largest monthly gain …

Oil, Crude, trading

Oil, Crude, trading

Oil, Crude, trading

japanese-yen

Positive momentum has taken control of US crude oil futures, defying the previously anticipated negative outlook. The emphasis was on stability below the resistance level of 77.80, with a clear indication that surpassing this level would thwart the bearish scenario. This prediction materialized as oil prices rose above 77.80, reaching …

The EUR/USD pair has returned to the robust support level highlighted in the previous technical report, situated at 1.0960. It has maintained stability above this level at the commencement of today’s trading. From a technical analysis standpoint, the 50-day simple moving average continues to provide a positive impetus, aligning with …