Tag Archives: Oil

Oil is set to end the week lower after a seven-week winning streak, as worries about China’s economy outweigh indicators of tight supply. The seven-week price rally, driven by supply cuts by the Organization of the Petroleum Exporting Countries and its allies (OPEC +), was the longest streak of gains …

The price of US crude oil futures witnessed an upward trend yesterday after several successive sessions of decline, benefiting from the support of the psychological barrier at 79.00 to provide some bullish bounce to retest the $81.00 level. Technically, looking closely at the 4-hour chart, we find the price stable …

Oil prices slightly surged earlier on Thursday after falling for three straight sessions as a result of the sliding US Dollar Index in addition to the significant efforts by China’s central bank to support the country’s real estate sector and overall economy following fears about potential economic slowdown in one …

Significant losses were incurred by the prices of US crude oil futures contracts as part of intensive selling operations during the previous trading session, touching the bearish correctional targets, as we expected at the price of 78.95, recording its lowest level at $79.00 per barrel. Technically, looking closely at the …

US crude oil futures prices incurred significant losses during the previous trading session; within the bearish corrective context, we relied on breaking 81.70, touching the required target of 80.70, and recording its lowest level at $80.44 per barrel. Technically, looking closely at the 4-hour chart, we find the price stable …

Mixed movements dominated the prices of US crude oil futures contracts, moving in both upward and downward directions. As a reminder, we indicated during the previous report that we are waiting for a bearish tendency that aims to retest 82.00 and 81.70, explaining the importance of this level to the …

US crude oil futures prices declined after several consecutive sessions of ascending to find a strong resistance level near 83.80. This forced it to trade negatively again, gradually approaching the bearish target published during the previous report 82.00, recording its lowest level at 82.27. Technically, and upon closer look at …

After the US data appeared yesterday, negative trading dominated the prices of US crude oil futures contracts to face negative pressure, recording a low of $82.67 per barrel. Technically, by looking closely at the 4-hour chart, we find the price stable below 83.50, achieving a clear breach of the mentioned …

Gold prices hovered near a one-month low on Thursday, as investors awaited US inflation data that could determine the path the Federal Reserve will take on interest rates going forward. Gold increased 0.2 percent in spot transactions to $ 1,918 an ounce by 0337 GMT, but it is hovering near …

US crude oil futures prices jumped to achieve substantial gains during the previous trading session, within the expected bullish context in the last technical report, touching the official target of 84.50, recording its highest level of $84.62 per barrel. Technically, by looking closely at the 4-hour chart, we find that …