Tag Archives: Oil

Significant losses witnessed the movements of US crude oil futures prices after it failed to maintain trading above the main support level of 93.50 to start a strong downward trend as we expected yesterday, surpassing the required target of 89.50 to record its lowest level at 88.23. Technically, prices settled …

Gold is lacking momentum at the moment as prices trend lower towards $1,700 an ounce, but some analysts still believe that chances for further downside are limited.Gold prices are modestly down on Wednesday but off lows. During the US session, gold briefly rebounded from the one-month low at $1,709 and …

Oil prices continued their decline on Wednesday as investors worried about the weakness of the global economy and the possibility that central banks will raise interest rates and increase restrictions to curb the outbreak of COVID-19 in China. US West Texas Intermediate crude contracts fell $2.58, or 2.82 percent, to …

US crude oil futures prices reversed the expected bullish trend during the previous analysis, in which we depended on the stability of trading above the 94.70 support floor. Breaking 94.70 postpones the idea of ​​the rise and puts the price under temporary negative pressure targeting 93.60, recording its lowest level …

US crude oil prices continue to achieve gains within the targeted upward path, bypassing the official station required to be touched during the report issued yesterday at 96.40, recording its highest level of 97.36. Technically, we find that the simple moving averages continue to provide a positive stimulus that supports …

US crude oil futures prices managed to retest the target mentioned in the previous analysis, surpassing the required target at 91.80, recording its lowest level at 91.10. Technically, prices returned to the bullish rebound once again, building on support level of 92.00 and supported by the positive motive coming from …

Crude oil was the winner of the week on signs of improving fuel demand, so oil surpassed the performance of all other assets, although some market expectations actually occurred during the past week and some other expectations did not.Energy PricesAfter starting the week near the previous week’s lows, oil attempted …

Jerome Powell’s comments, before Jackson Hole Symposium, have fuel 1,000-point market collapse, on Friday, as stocks slid for a second week. US equities fell after Powell had said the US central bank “won’t back off in its fight against rapid inflation”. The Dow Jones Industrial Average dropped 1,008.38 points, or …

The US and India made progress on price cap talks, according to Wally Adeyemo, the US Deputy Treasury Secretary. India has emerged as one of Russia’s largest oil customers as it snaps up discounted barrels. The comments come after Indian officials have privately expressed reluctance about joining the price cap, …

Mixed trading dominated the US crude oil futures prices during the previous trading session to maintain positive stability, recording a high of $95.72 per barrel. Technically, we notice the negative signs coming from the stochastic that support a bearish bias in the upcoming hours, in addition to the decline of …