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Oil, Crude, trading
Read More »GBP touches target and positivity remains 9/12/2022
Oil: mixed trades require watching closely 9/12/2022
Mixed trading dominated the price movements of US crude oil futures without a clear real direction, recording a low of 71.14 after recording a high of $75.41 per barrel. Technically, by looking at the 4-hour chart, we find that the simple moving averages continue the negative pressure on the price …
Read More »Euro touched target and hit resistance 9/12/2022
The Eurodollar pair moved positively during the previous trading session after it succeeded in activating the pending purchase order mentioned yesterday at 1.0510, explaining that this can enhance the chances of a rise towards the first target 1.0555, recording its highest level at 1.0586. The technical side today indicates the …
Read More »European stocks are falling under pressure from telecom and utilities stocks
European stocks fell on Thursday, pressured by falling utilities and telecom stocks amid growing fears of an imminent recession. The Stoxx 600 index was down 0.1 percent by 0815 GMT. The index fell for the fourth consecutive session on Wednesday amid growing fears of slowing economic growth ahead of a …
Read More »Nikkei ends transactions near the lowest level in a month affected by economic concerns
The Japanese Nikkei index ended Thursday’s transactions near the lowest level in a month, affected by a weak closing of Wall Street amid economic concerns, as well as the results of companies’ business. The Nikkei fell 0.4 percent to close at 27,574.43 points, its lowest closing level since November 10. …
Read More »Dow Jones continues to decline gradually 8/12/2022
Oil, Crude, trading
Read More »CAD maintains positive stability 8/12/2022
The technical outlook is unchanged, and the Canadian dollar did not change significantly, maintaining positive stability, to start the early trading of today’s trading session, stable above 1.3620. Technically, we find the 50-day simple moving average continues to hold the price from below, and this comes in conjunction with the …
Read More »GBP is bouncing back from support 8/12/2022
Oil, Crude, trading
Read More »Oil: selling pressure continues 8/12/2022
US crude oil futures prices declined significantly within the expected downward path during the previous analysis, touching the first target to be achieved at 72.50, recording its lowest level at $71.77 per barrel. Technically, we find the simple moving averages continue to exert negative pressure on the price from above, …
Read More »Euro hovering around resistance, confirmation of breach supports upside 8/12/2022
We adhered to intraday neutrality during the previous report, due to the conflicting technical signals, explaining that activating buying positions depends on consolidation above 1.0510, to enhance the chances of ascending to visit 1.0560. Technically, we find the euro-dollar pair still hovering around the 1.0510 level, which constitutes one of …
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