Tag Archives: Oil

The US crude oil futures prices incurred significant losses yesterday, recording a low of around $71.47 per barrel. Technically, and with the regularity of work within the bearish channel shown on the 4-hour chart, in addition to the continuation of the negative intersection of the simple moving averages that pressures …

Oil prices were down sharply on Monday after the latest manufacturing data showed that the sector contracted for the 5th straight month in April, ending a 30-month period of expansion. Brent crude was down 1.8% to $79.15 per barrel at 11:30 ET, marking the first time it has slipped below …

As traders bet on a rebound following the most recent pullback, WTI oil was able to settle back above the $76 mark. The price of WTI crude oil has increased by +2.70% to $76.78. At $80.14, Brent crude has increased by +2.45%. As news of a lightning strike at the …

Mixed trading tended to be positive, dominating the movements of the US crude oil futures contracts during the previous trading session, trying to take advantage of the support base for the psychological barrier of 74.00 within limited attempts to achieve some bullish rebound. Technically, the simple moving averages continue to …

The US crude oil futures prices incurred heavy losses, exceeding the target to be achieved at the price of 76.10, recording its lowest level of $74.10 per barrel. Technically, with the regularity of work within the descending channel as shown on the 240-minute chart, and with the negative intersection of …

Negative movements continue to put pressure on the prices of US crude oil futures within the expected bearish context, touching the first target to be achieved during the previous technical report at the price of 77.20, recording its lowest level at $76.60 per barrel. Technically, the bearish direction during today’s …

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, …