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Oil, Crude, trading
Read More »Dow Jones is facing negative pressure 26/6/2023
CAD is back to the downside 26/6/2023
The Canadian dollar failed to settle for a long time above the resistance level of the psychological barrier 1.3200 to return to the bearish trend again, and the current movements are witnessing stability around its lowest level during the morning session of today’s trading session, around 1.3160 From a technical …
Read More »GBP is trying to take advantage of the support 26/6/2023
Oil, Crude, trading
Read More »Oil needs to be monitored 26/6/2023
US crude oil futures prices touched the official target to be achieved by the end of last week’s trading, as we expected at 67.30, recording its lowest level at $67.03 per barrel. Technically, with a closer look at the 240-minute chart, the current trading has returned to stability above the …
Read More »Euro is facing negative pressure 26/6/2023
The euro incurred significant losses against the US dollar at the end of last week’s trading, within the expected bearish track during the previous technical report, touching the official target station at 1.0860, recording its lowest level at 1.0844. Technically, and by looking at the 4-hour chart, there is some …
Read More »European stocks open lower, and Siemens Energy shares plunge
European stocks opened lower on Friday at the end of a week marked by a lot of monetary policy decisions from central banks, which supported views that interest rates may remain high for a longer period, while Siemens Energy plunged after the company withdrew its annual profit forecast. The pan-European …
Read More »USD is rising as risk appetite declines and GBP is falling
The dollar was supported by a wave of risk aversion on Friday, as hawkish comments from global central banks, including the US Federal Reserve, raised fears of a further contraction of the economy. Sterling struggled to hold on to gains made by the Bank of England’s decision on Thursday to …
Read More »Dow Jones and selling pressure is in place 23/6/2023
Oil, Crude, trading
Read More »GBP is pressing on the support floor 23/6/2023
Oil, Crude, trading
Read More »Oil incurs huge losses 23/6/2023
US crude oil futures prices incurred large losses, invalidating the positive outlook of the previous report, in which we relied on trading stability above 71.55 when the report was issued. As a reminder, we indicated that the closing of the 4-hour candle below 71.50, and most importantly 71.20, invalidates the …
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