Tag Archives: Oil

US crude oil futures prices incurred significant losses during the previous trading session amid intense selling operations, recording a low of $70.83 per barrel. Technically, the simple moving averages continue the negative pressure on the price from above and support the possibility of continuing the bearish gap. This comes with …

Attempts for US crude oil futures contracts continue to achieve some gains within the bullish path published during the previous technical analysis, surpassing the target of 76.00, recording its highest level at $77.42 per barrel. Technically, the 50-day simple moving average still constitutes an obstacle in front of oil prices, …

US crude oil futures prices achieved the negative outlook as we expected, touching the first target mentioned in the previous technical report, located at 76.20, recording its lowest level at 76.15. Technically, oil’s current movements are witnessing stability below the 76.00 barrier, as we find the simple moving averages form …

Negative movements dominated the prices of US crude oil futures contracts, after colliding with the resistance level of 80.90, in addition to the failure of oil to maintain positive stability above the broken support of 79.50. Technically, we tend to be negative in our trading, relying on breaking the support …

Oil prices rose on Tuesday after industry executives cited concerns about a lack of spare capacity in the market and uncertainty about Russian supplies as demand recovers from China, the largest importer of crude. Brent crude futures were up 40 cents, or 0.5%, at $86.58 a barrel by 0154 GMT, …

US crude oil futures prices jumped to achieve significant gains with the early trading of the current session, recording a high of $80.90 per barrel. Technically, by looking at the 240-minute chart, we find that the 14-day momentum indicator continues to defend the bullish trend, stimulated by the price’s stability …

Interviewed by Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and the member of the US Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of this trading week. (I) ChinaAsked how the news …

Oil prices fell on Monday after China set a modest target for economic growth this year of about 5 percent, which is lower than market expectations, while investors cautiously await Federal Reserve Chairman Jerome Powell’s testimony before Congress this week. Brent crude futures were trading down $1.30, or 1.5%, at …

Saudi Aramco said on Sunday evening that Saudi Arabia raised the selling price of its Arab Light crude oil to Asia for the second month in April to $2.50 a barrel, above the average price of Oman and Dubai crude. The price increase, which is 50 cents a barrel above …

The dollar fell from the highest level in two and a half months against the yen on Friday and headed towards recording its first weekly loss since January against other major currencies as dealers try to determine the course of the Federal Reserve’s monetary policy. The yen, particularly sensitive to …