Tag Archives: Oil

Mixed trading dominated the movements of US crude oil futures contracts, invalidating the bearish scenario published during the previous analysis to return to stability again above the level of 77.80, explaining that breaching the mentioned level can nullify the bearish scenario. As a result, oil prices rise to around 78.80, …

Interviewed on Dubai TV, Muhammad Hashad, Head of Research and Development at Noor Capital and the Member of the US Association for Technical Analysts, commented on the most important developments of global financial markets on the first day of the new trading week and most importantly what is happening in …

US crude oil futures prices continue to achieve losses, and oil starts with negative movements with the first trading of this week, and the current movements are witnessing stability around its lowest level during the morning trading of the current session at 78.80. Technically, prices are still operating within the …

The USD/CAD pair is on its way to closing below 1.3400 for the lowest weekly close since February. The Canadian Dollar has some room to rise in the near future, according to MUFG Bank analysts. Analysts have been relatively skeptical about the prospects for CAD, and overall for the year, …

Limited positive trading dominated futures prices for US crude oil, colliding with the strong resistance published during the previous technical report at 83.50, which temporarily limited the bullish trend. Technically, by looking at the 4-hour chart, we find negativity features currently dominating the stochastic indicator. We await getting rid of …

US crude oil futures prices jumped, continuing to achieve gains during the expected wave of rise during the previous analysis, touching the official target station at 83.20, recording its highest level of $83.50 per barrel. Technically, by looking at the 240-minute chart, we find that oil prices succeeded in achieving …

US crude oil futures prices achieved the first corrective decline target published during the previous technical report, located at 79.30, to rebound quickly to the upside. The current movements are hovering around $81.30 per barrel. Technically, the current movements of oil are witnessing stability above the resistance of 80.80, in …

We remained neutral during the last technical report due to conflicting technical signals, explaining that risks are still high amid diverging technical indicators. As a reminder, we indicated that the price’s decline below 80.00 leads oil prices to visit 79.65, recording the lowest 79.66. Technically, we tend to be negative …

Due to conflicting technical signals, we adhered to intraday neutrality during the previous technical report, explaining the importance of monitoring the price from below 79.20 and above 80.85. Technically, prices failed to stay long above the resistance level of 80.85. Therefore, the stochastic indicator gradually lost bullish momentum, supporting the …

Due to the high level of risks amid conflicting technical signals, we adhered to intraday neutrality during the previous technical report, explaining that confirming a breach of 81.00 may extend oil’s gains to 81.60, recording its highest level at 81.80. Technically, the inconsistency in the technical signals is still present. …