Tag Archives: Oil

Mixed trading without a clear direction dominated US crude oil futures prices at the opening of this week’s trading, finding a solid resistance level around 88.30, which forced it to retest 86.20. Technically, by looking at the 240-minute time frame chart, the 50-day simple moving average supports the possibility of …

A substantial rise in the prices of US crude oil futures contracts, achieving strong gains after it succeeded in consolidating above the resistance level of 85.10, touching the required upward target at the price of 86.40, recording its highest level of $87.80 per barrel. Technically, by looking at the 240-minute …

Following a decline on Thursday due to negative market sentiment, the Canadian dollar saw a minor recovery on Friday. Following a CPI inflation beat, investors supported the US dollar over worries that Fed interest rates would remain high. The Canadian currency, tied to crude oil price movement, is also strengthening …

The movements of US crude oil futures witnessed negative trading within the expected bearish context after it failed to stabilize for a long time according to the psychological barrier resistance of 85.00, recording its lowest level at $82.35 per barrel. The daily trend is still bearish, with continued negative pressure …

US crude oil futures prices declined to be able to cover the rising price gap, as we expected, touching the official targets required to be achieved at 83.75, recording its lowest level at $82.82 per barrel. Technically, with a closer look at the 240-minute time frame chart, we notice continued …

Mixed trades tended to be negative. US crude oil futures prices dominated, within the expected negative outlook during the previous technical report, approaching the official station of 85.00, recording its lowest level at $85.17 per barrel. Technically, the 50-day simple moving average meets near the resistance level of 86.80 and …

Oil prices fell slightly on Tuesday after rising more than four percent in the previous session as markets assessed the possibility of supply disruptions as the conflict between Israel and the Islamic Resistance Movement (Hamas) continued. By 0017 GMT, Brent crude fell 18 cents, or 0.2 percent, to $87.97 a …

US crude oil futures prices extended their gains to achieve gains estimated at more than 5.0%, reaching $87.15 per barrel. Technically, the level of 87.00 formed a strong resistance level that succeeded in limiting the rise. With a closer look at the chart with a time interval of 240 minutes, …

Oil prices rose more than three percent on Monday, as clashes between Israel and the Palestinian Islamic Resistance Movement (Hamas) raised fears of a broader conflict in the Middle East. By 1143 GMT, Brent crude rose $2.70, or 2.2 percent, to $87.28 per barrel, while US West Texas Intermediate crude …

Oil prices jumped more than $4 a barrel in early Asian trading on Monday, as political uncertainty worsened across the Middle East following the outbreak of violent clashes between Israeli forces and Hamas over the weekend. The rise in oil prices came to reverse the downward trend last week, which …