Tag Archives: Oil

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 …

US crude oil futures experienced a setback as they encountered a crucial resistance level mentioned in the previous technical report at $83.55. This led to substantial losses, aligning with the anticipated negative outlook and touching the predefined target of $80.30, marking its lowest point at $80.15 per barrel. Upon analyzing …

After a very busy week, several economic data releases are expected to weigh on the performance of multiple assets and most prominently, the US Dollar Index with the beginning of the new trading week.Oil’s PerformanceWTI crude dropped to $80.70, a decrease of more than 2%. Soft labour market data was …

Limited positive attempts marked the movements of US crude oil futures in the previous trading session, with the price reaching its peak at $82.86 per barrel before retracing back within the anticipated downward trajectory and hitting a low of $82.27. Examining the 4-hour timeframe chart, the 50-day simple moving average …

During the previous trading session, US crude oil futures exhibited mixed movements amid varied trading patterns. The prices briefly touched the stop losses mentioned in the previous report at $82.70, reaching a peak at $83.40. However, this level acted as a robust resistance, prompting a decline and causing oil to …

US crude oil futures prices have sustained losses as anticipated in the previous report, reaching the initial target of $81.15 and touching a low of $80.80 per barrel. Upon analysis of the 240-minute timeframe, the trading remains stable below $82.00 and, more broadly, under the resistance level of $82.70. This …

In the previous technical report, we maintained an intraday neutral stance for the US crude oil futures contract due to conflicting technical signals. The price movements indicated a downward trend, highlighting the necessity of a clear and robust breach of the 83.80 level to activate selling positions. The target after …

In the latest analysis, US crude oil futures achieved the anticipated retest, reaching the target of $85.65 and even surpassing expectations at $85.85 per barrel. Examining the technical indicators, the 50-day simple moving average continues to exert pressure from above, while intraday trading remains below the extended resistance levels of …