Tag Archives: Oil

The US crude oil futures contracts have been dominated by positive trading, aligning with our bullish forecast. They have touched the initial target price of $79.20, and are now heading towards the next official mark of $79.60. The contracts recorded their peak at $79.72 per barrel. From a technical perspective, …

Oil prices fell on Monday after rising on Friday after renewed fears of shrinking demand in the United States and China, which negatively affected market sentiment. By 0400 GMT, Brent crude oil futures for January fell 71 cents, or 0.87 percent, to $80.72 per barrel. West Texas Intermediate crude futures …

US crude oil futures prices have established a robust support level, notably around the previously specified target in the prior report at $75.10. The lowest recorded level stood at $75.25, experiencing an upward rebound with the intention of retesting the psychological barrier resistance at $77.00. Despite the upward movement observed …

Oil prices rose by 2% on Friday due to speculators taking profits on short positions, but remained on track for a third week of losses due to slowing demand. Brent futures rose by 2.0% to $81.58 a barrel, while U.S. West Texas Intermediate crude rose by 2.0% to $77.28. Both …

The crucial resistance level highlighted in the preceding technical report at $77.00 proved to be a formidable barrier, intensifying negative sentiments on US crude oil futures. The market maintained negative stability, reaching its nadir at $75.25 per barrel. A detailed examination of the 240-minute timeframe chart reveals a sustained negative …

After recent fluctuations, Wall Street appears to be mostly neutral. The Standard & Poor’s 500 is expected to have a quiet, mixed day for the fourth straight day, with early trading remaining unchanged. Nearly flat on the Nasdaq composite, the Dow Jones industrial average was up 11 points, or less …

The downtrend continues to dominate the movements of US crude oil futures contracts, marking the third consecutive session of losses. It reached the first official target mentioned in the previous report at $75.45, hitting a low of $74.96 per barrel. Analyzing the 240-minute time frame chart, we observe a persistent …

US crude oil futures prices continue to suffer losses as we expected, exceeding the last official stop required to be touched during the previous technical report at a price of 78.00, recording its lowest level of $76.57 per barrel during early trading of the current session. Technically, with a closer …

The US crude oil futures market faces a challenging scenario as prices grapple with pivotal resistance levels. Failure to close above the significant barrier at $82.00 has led oil prices into the expected downward trajectory, with early trading today witnessing a dip to as low as $80.40 per barrel. Examining …

Mohammed Hashad, Director of Research and Development Department at Noor Capital and the member of the US Association of Technical Analysts, commented on the most prominent developments in the markets and the performance of the most important financial assets, in an interview on Dubai TV. He began his comments by …