Tag Archives: Oil

Mixed trading dominated the futures prices of US crude oil yesterday, trying to maintain the expected bullish context during the previous analysis, in which we relied on stability above the strong support level 88.10 to end its daily trading above the mentioned level, and it is now trading around 88.80. …

The early Asia session witnessed some important news on the oil market which could influence and impact crude oil prices in the following sessions.The US Department of Energy said it sold 15 million barrels of oil from the Strategic Petroleum Reserve in what is mainly described as the last batch …

Oil prices fell on Thursday after the Federal Reserve raised interest rates, which led to the rise of the dollar and increased fears of a global recession that will hurt demand for fuel; however, concerns about supplies limited the decline in prices. By 0750 GMT, Brent crude was down 85 …

US crude oil futures prices hit the first awaited target yesterday at 90.00 to succeed in recording the highest price of $90.35 per barrel. Looking at the chart, crude oil is consolidating above the strong support floor at 88.10, accompanied by the positive motive coming from the 50-day simple moving …

Crude oil prices moved up on Wednesday after the US Energy Information Administration reported an inventory draw of 3.1 million barrels for the week ending on Friday, October 28. At 436.8 million barrels, inventories were 3% below the five-year average for this time of the year according to the EIA. …

As we expected during the previous analysis, an upward trend dominated US crude oil’s performance yesterday, touching the first required target at 89.50, recording its highest level at 89.74. Technically, we tend to trade positively but cautiously, relying on the positive motive from the simple moving average and the positive …

US Treasury yields helped high-yielding assets to advance early on Tuesday, with the American dollar edging lower throughout the first half of the day. The yield on the 10-year Treasury note pulled down to 3.92%, and the USD tends to slide when it breaks below the 4% threshold ahead Yields …

In the weekly analysis of financial assets, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on and answered questions related to the technical path of a number of important assets and pairs, in addition he commented on other …

A weak bullish trend dominated the movements of US crude oil futures yesterday, within the expected bullish context, touching the first target required to be achieved at 89.60, recording the highest level at 89.80. Technically, we tend in our trading to the positive, but cautiously, relying on the positive stimulus …

US crude oil futures prices reversed the expected bearish trend during the latest analysis after the report issued by the International Energy Agency on oil inventories, recording extended gains around $88.47 per barrel. Technically, today, the current moves are witnessing stability above the previously breached resistance level, which is now …