Tag Archives: technical

The futures prices of US crude oil witnessed a trading session in the green areas, heading to record the first weekly gain in almost a month, touching $73.93 per barrel. Today’s technical side indicates the possibility of continuing the rise, relying on the bullish technical formation shown on the 4-hour …

Gold prices continued the corrective decline mentioned during the last technical report, touching the first target located at 1960, recording its lowest level at $1954 per ounce. Technically, gold prices are trying to bounce back due to touching the 1954 support level, which forced it to achieve a scenario of …

Marginal rise dominated the Canadian dollar’s movements within, but limited attempts to rise after the pair fail to stabilize for a long time above the resistance level of the psychological barrier 1.3500. Technically, and when looking closely at the 4-hour chart, we find that there is a conflict in the …

Mixed movements dominated the prices of US crude oil futures contracts at the end of last week’s trading, to start with negativity again after recording its highest price, $73.55 per barrel. Technically, we tend to be negative in our trading, relying on the stability of intraday trading below the resistance …

Gold prices ended last week’s trading sessions with a noticeable increase, after several successive sessions of the aforementioned corrective decline, to record its lowest level at $1954 per ounce, to start an upward rebound as a result of the US dollar’s decline after Jerome Powell’s statements regarding interest rates. Technically, …

The Canadian dollar rose marginally yesterday but failed to maintain its gains above the resistance level of the psychological barrier 1.3500, as the current movements witness stability below it. Technically, we find the 50-day simple moving average trying to push the price to the upside, and we find the RSI …

Positive attempts dominated the prices of US crude oil futures contracts, trying to compensate for its recent losses, recording its highest level during yesterday’s trading session, around $71.74 per barrel. Technically, we tend to be negative in our trading, relying on the negative intersection signs of the stochastic indicator, which …

Gold prices did not show significant movements at the beginning of this week’s trading, within sideways movements that tended to be negative and stable in an intraday manner below the 2016 resistance level. Technically, and by looking at the 240-minute chart, we find that the simple moving average continues the …

The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining negative stability below the resistance level of the psychological barrier of 1.3400. Technically, and by looking closely at the 4-hour chart, we find that stochastic provides negative signals, motivated by the continuation of the negative pressure …

Mixed trading dominated the prices of US crude oil futures contracts yesterday, but the pivotal support level published during the previous report, located at 71.40, was able to limit the bearish tendency to force oil to rebound upwards again, and the current movements are witnessing stability around $73.20 per barrel. …