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Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …
Read More »WTI: Bullish Momentum Resumes, Eyes on Further Upside 18/7/2024
WTI crude oil futures prices rebounded yesterday, finding support at the 80.50 level and closing above the 81.80 resistance level, indicating a potential resumption of the bullish trend. Technical Outlook: Today’s technical analysis suggests a positive outlook for WTI crude oil. The price is holding above 81.80, with the 14-day …
Read More »Explainer: Why oil recovers gain 2% after three declining days
A larger-than-expected weekly decline in US crude stockpiles and a weaker US currency overcame hints of slower Chinese economic growth as oil prices rose by almost 2% on Wednesday. By 1:33 p.m. EDT (1733 GMT), Brent futures had increased by $1.35, or 1.6%, to $85.08 per barrel, while US West …
Read More »WTI: Downside Potential Amidst Negative Signals 16/7/2024
US crude oil futures prices declined after encountering resistance at the 84.00 psychological level, indicating a potential shift in momentum. Technical Outlook: The current technical outlook is bearish. The price is now trading below the 82.00 support level on the 4-hour chart. The simple moving averages (SMAs) have formed a …
Read More »Noor Capital | Mohammed Hashad’s Interview on Dubai TV, July 15
Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …
Read More »WTI: Bullish Momentum Resumes, Eyes on Further Upside 12/7/2024
US crude oil futures prices rebounded after a brief downward correction, successfully breaking above the 82.00 psychological resistance level and reaching a high of $83.14 per barrel. Technical Outlook: The technical outlook remains bullish, with the 4-hour chart showing a bullish technical structure and the price holding above the 81.80 …
Read More »WTI: Bearish Momentum Strengthens as Price Declines 10/7/2024
As anticipated, US crude oil futures experienced a significant decline, reaching our initial bearish target of 81.60 and currently trading around $81.15 per barrel. The technical outlook suggests the potential for further downside movement. Key Technical Signals: Psychological Support Breakdown: A break below the psychological support level of 82.00 would …
Read More »WTI: Bearish Correction Underway 9/7/2024
WTI crude oil experienced negative trading in the previous session, initiating a downward correction and touching the psychological support level of 82.00. The technical outlook now leans towards further downside potential. Key Technical Signals: Breakdown of 82.70: A confirmed break below the 82.70 level, coupled with negative pressure from the …
Read More »WTI: Mixed Trading Amidst Bullish Outlook 5/7/2024
US crude oil futures prices experienced mixed trading in the previous session, encountering resistance at the 83.90 level and failing to break through. However, the price remains within the bullish context and is supported by the 50-day simple moving average around 82.50. Technical Outlook: On the 4-hour chart, the price …
Read More »WTI: Bullish Outlook Intact Despite Temporary Pullback 3/7/2024
US crude oil futures prices reached our previously identified target of 84.20, peaking at $84.35 per barrel, before experiencing a slight pullback to retest the 83.00 level. Technical Outlook: Despite the recent correction, the technical outlook remains bullish. The 240-minute chart reveals that the simple moving averages (SMAs) are still …
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