Tag Archives: dollar

Oil, Crude, trading

The US crude oil futures contracts experienced a resurgence of negative trades, resuming their downward trajectory after encountering a formidable resistance level around the psychological barrier of 72.00, resulting in significant losses. It’s worth noting that in a previous analysis, we highlighted the importance of a break below 70.50 as …

We have maintained a neutral stance for the third consecutive session, primarily due to conflicting technical signals and the pair’s trading range within the confines of 1.0760 as the lower boundary and 1.0820 as the upper boundary. Upon closer examination of the 240-minute time frame chart from a technical perspective, …

European stocks rose on Tuesday as investors took comfort from weaker-than-expected UK wage growth data and amid anticipation for a key US inflation report to be published later on Tuesday. The European STOXX 600 index increased 0.1 percent by 0814 GMT and is on track to record gains for the …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar encountered a robust resistance level around 1.2620 and struggled to maintain positive stability above the psychological barrier of 1.2600. This led to a shift in sentiment, resulting in negative trades, with the pair currently trading around 1.3558. In terms of technical analysis today, the simple moving averages …

japanese-yen

Oil, Crude, trading

The US crude oil futures contracts showcased a resurgence of positive momentum, steering away from their lengthiest series of losses since 2018 and attaining a recent peak at $71.77 per barrel in the previous trading session. From a technical standpoint, the outlook leans towards optimism, buoyed by encouraging signals emanating …