Tag Archives: dollar

Negative trading dominated the prices of US crude oil futures within the expected downward correction during the previous technical report, exceeding the required targets to reach the official target of 88.70, recording its lowest level of $87.80 per barrel. Technically, oil failed to maintain trading above 89.40. This previously broken …

We remained neutral for the moment during the previous technical report due to the conflicting technical signals, explaining that activating the selling positions depends on the pair’s failure to break through the psychological barrier of 1.0600 resistance, heading to touch the first official target of 1.0500, recording its lowest level …

European stocks began the last quarter of 2023 with modest gains on Monday after the United States avoided entering a government shutdown, while investors awaited factory activity data for indications about the performance of companies in the euro zone. The European STOXX 600 index rose 0.4 percent by 0717 GMT, …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar reversed the expected downward trend during the previous report, in which we relied on trading stability below the resistance level of 1.3520. As a reminder, we indicated that going above and consolidating the price above 1.3520 leads the pair to the upward path again as we wait …

japanese-yen

Oil, Crude, trading

US crude oil futures prices achieved the bearish correction targets published during the previous technical report at 90.45, recording its lowest level at $90.40 per barrel. Technically, oil prices are pressing on the strong support floor 90.40, accompanied by continued negative pressure from the 50-day simple moving average and signs …

Limited positive attempts dominated the movements of the Euro/Dollar pair at the end of last week’s trading, with several consecutive sessions of decline. As we explained during the previous technical report, the price’s consolidation above the psychological barrier resistance of 1.0600 is a condition for an upward correction. Technically, the …