During the previous trading session, US crude oil futures encountered a psychological resistance barrier at $78.00, which dampened the upward momentum. From a technical perspective, today’s outlook leans toward negativity, supported by a bearish technical structure on the 4-hour chart and the simple moving averages indicating ongoing negative pressure from …
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US crude oil futures experienced significant losses, aligning with the anticipated downward trend, reaching the official targets at 77.60 and 76.85, and recording a low of $76.43 per barrel. From a technical perspective, the simple moving averages continue to support the bearish wave, bolstered by the Relative Strength Index (RSI), …
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US crude oil futures prices experienced a significant decline in the previous trading session, reaching a low of $77.60 per barrel. Technical Outlook: The technical outlook has shifted to a bearish bias. The simple moving averages (SMAs) are now supporting the current downward wave, and the Relative Strength Index (RSI) …
Read More »Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …
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WTI crude oil futures prices rebounded yesterday, finding support at the 80.50 level and closing above the 81.80 resistance level, indicating a potential resumption of the bullish trend. Technical Outlook: Today’s technical analysis suggests a positive outlook for WTI crude oil. The price is holding above 81.80, with the 14-day …
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A larger-than-expected weekly decline in US crude stockpiles and a weaker US currency overcame hints of slower Chinese economic growth as oil prices rose by almost 2% on Wednesday. By 1:33 p.m. EDT (1733 GMT), Brent futures had increased by $1.35, or 1.6%, to $85.08 per barrel, while US West …
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US crude oil futures prices declined after encountering resistance at the 84.00 psychological level, indicating a potential shift in momentum. Technical Outlook: The current technical outlook is bearish. The price is now trading below the 82.00 support level on the 4-hour chart. The simple moving averages (SMAs) have formed a …
Read More »Dubai TV hosted Mohammed Hashad, Head of Research and Development at Noor Capital, and a member of the US Association of Technical Analysts, to comment on and shed light on market movements, especially the American markets, which recorded further gains following the assassination attempt on Trump and amid ongoing negotiations …
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US crude oil futures prices rebounded after a brief downward correction, successfully breaking above the 82.00 psychological resistance level and reaching a high of $83.14 per barrel. Technical Outlook: The technical outlook remains bullish, with the 4-hour chart showing a bullish technical structure and the price holding above the 81.80 …
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As anticipated, US crude oil futures experienced a significant decline, reaching our initial bearish target of 81.60 and currently trading around $81.15 per barrel. The technical outlook suggests the potential for further downside movement. Key Technical Signals: Psychological Support Breakdown: A break below the psychological support level of 82.00 would …
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