The support levels published during the previous technical report at 73.80, managed to protect the bullish trend as we expected, which forced the US crude oil futures prices to rebound upwards towards the official target 75.70, recording its highest level at $75.90 per barrel. Today’s technical outlook, and with a …
Read More »Gold continues to climb gradually 19/7/2023
Gold prices maintained the bullish path within the positive outlook, as we expected, in which we relied on the success of gold prices in successfully retesting the main support level 1945, heading to touch the second target 1976, approaching by a few pips at the third stop 1988, recording its …
Read More »CAD is stable below resistance 18/7/2023
Negative movements regained control over the Canadian dollar after it failed to stabilize over the psychological barrier of 1.3200, to start its weekly movements with a bearish bias. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below the support level of …
Read More »Oil is trying to build on support 18/7/2023
Mixed trading dominated the movements of the US crude oil futures contracts yesterday, moving in both upward and downward directions, recording the lowest level at 73.89 while the highest around $76.00 per barrel. Today’s technical outlook, and with a closer look at the 240-minute chart, we find that the price …
Read More »Gold retest the support 18/7/2023
Gold prices are witnessing a quiet upward rise within the bullish path published during the previous technical analysis, gradually approaching the 1970 target to record its current high during the morning trading of today’s session 1961. Technical View Today, gold prices achieved a typical re-test of the main support floor …
Read More »CAD continues to drop 14/7/2023
Significant negative trades dominated the movements of the Canadian dollar within the expected technical outlook during the previous technical report, touching the first target at 1.3090, recording its lowest level at 1.3092. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below …
Read More »Oil continues to rise 14/7/2023
US crude oil futures prices jumped to record noticeable gains within the expected bullish context, touching the second target of the previous report at 77.00, recording a high of $77.30 per barrel. The technical outlook remains unchanged; we tend to be positive depending on the price’s consolidation in general above …
Read More »Gold is slowly creeping up 14/7/2023
Quiet, positive trading dominated gold price movements in a bullish context during the previous trading session, recording its highest level at $1963 per ounce. Today’s technical vision indicates the possibility of continuing the rise, depending on the positive impulse from the simple moving averages that support the daily bullish price …
Read More »CAD stable below support 13/7/2023
Significant negative trades dominated the movements of the Canadian dollar within the expected technical outlook during the previous technical report, touching the official target station 1.3140, recording its lowest level at 1.3142. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below …
Read More »Oil may resume rising 13/7/2023
Futures prices achieved good gains during the previous trading session within the expected bullish context, surpassing the first target that should be touched at 75.60 to record its highest level at $76.11 per barrel. The technical outlook remains unchanged; we are positive depending on the price’s consolidation in general above …
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