A gradual rise in the prices of US crude oil futures contracts within the bullish context was expected during the previous technical analysis, approaching by a few points from the published target of 91.40, recording its highest level of $91.30 per barrel. Technically, with a closer look at the 4-hour …
Read More »Gold is waiting for a new signal 25/9/2023
During the previous technical report at the end of the trading week ending last Friday, we adhered to momentary neutrality until we got rid of the confined side range from the bottom above 1913 and the top below 1930. On the technical side today, we find gold prices hovering around …
Read More »CAD may witness a decline 22/9/2023
The Canadian dollar achieved the upward targets required to be touched during the previous technical report at 1.3510 and then 1.3530, recording its highest level of 1.3524. Technically, we are leaning toward negativity in our trading, relying on the pair’s failure to maintain its positive stability above the psychological barrier …
Read More »Oil may witness attempts to recover 22/9/2023
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 …
Read More »Gold needs to monitor its price behaviour 22/9/2023
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 …
Read More »CAD needs more determination to continue rising 21/9/2023
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 …
Read More »Oil may complete the downward correction 21/9/2023
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 …
Read More »Gold touching targets and looking for additional momentum 21/9/2023
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 …
Read More »CAD trying to recover 20/9/2023
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 …
Read More »Oil may witness a corrective decline 20/9/2023
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 …
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