Tag Archives: technical

Mixed trading dominated the prices of US crude oil futures contracts, moving in both upward and downward directions, approaching by a few points the first target published in the previous technical report, 88.20, recording its highest level of 88.40. Technically, by looking at the 4-hour chart, oil has achieved some …

Gold prices found a strong resistance level, as we indicated during the previous technical report, at the price of 1930, which forced the price to trade negatively, explaining that sneaking below 1922 support level forces gold prices to retest the main support of the current trading levels, 1913, touching the …

Positive movements have regained control of the Canadian dollar, as we expected an upward rebound during the previous trading session, approaching by a few points to the first official target of 1.3510, only to post its highest level of 1.3501. Technically, we are leaning towards positivity in our trading, but …

Negative trades dominated the prices of US crude oil futures contracts during the previous trading session within a bearish context, gradually approaching the first target to be achieved at the price of 88.55, only to record its lowest level at $88.90 per barrel. Technically, with a closer look at the …

Gold prices touched the upward targets required to be achieved during the previous trading session, ahead of the Fed’s decision, heading towards the official stop of 1945, recording its highest level of $1947 per ounce. On the technical side today, gold prices witnessed a bearish tendency as a result of …

The Canadian dollar succeeded in achieving the bearish targets required to be achieved during the previous technical report at 1.3400, and approaching the official target around 1.3365, recording its lowest level at 1.3380. Technically, we are leaning towards positivity in our trading, but with caution, relying on the positive crossover …

US crude oil futures prices reflected the expected bullish trend during the previous report, touching the stop loss order published at 91.30. As a reminder, we indicated that breaking the aforementioned level postpones the proposed bullish scenario, and we may witness a simple bearish correction aimed at retesting 90.20, recording …

Gold prices achieved a positive outlook, as we expected during the previous technical report, touching the first target to be achieved, at the price of $1936, recording its highest level of $1937 per ounce. Technically, gold prices found a strong resistance level represented by the first target, 1936, which forced …

The downward trend continues to control the movements of the Canadian dollar after it failed to maintain stability above the support level of 1.3500, witnessing the intraday movements stabilizing around its lowest level during early trading of the current session, 1.3475. Technically, we are leaning towards negativity, relying on the …

US crude oil futures prices rose within the expected positive outlook, achieving gains towards the first expected target of 92.20, recording its highest level of $92.50 per barrel. Technically, we tend to be positive in our trading, relying on the price continuing to receive a positive stimulus from the simple …