Tag Archives: technical

Mixed trading dominated the prices of US crude oil futures contracts yesterday, within a negative path, and the intraday oil movements are still stable below the resistance level of 71.55. Technically, the 50-day simple moving average pushes the price to the upside. On the other hand, negative features still dominate …

Quiet, negative trading dominated gold prices during the first trading of this week amid the US market holiday after gold prices found it challenging to maintain the bullish path. Technically, today, we tend to be negative in our trading, relying on the stability of the price below the simple moving …

Trading tended to be negative, dominating the Canadian dollar’s movements within the expected bearish context, approaching by a few points away from the target to be achieved during the previous report at 1.3260, recording its lowest level at 1.3270. Technically, the current movements of the pair witness a limited bullish …

Crude oil futures prices declined significantly after failing to stabilize for a long time above the psychological barrier of $70.00, and the intraday movements are witnessing stability near its lowest level during the early trading of the current session, $97.95. Technically, with the continuation of moving below the simple moving …

For several consecutive sessions during the current week’s trading, we have committed ourselves to remain neutral due to the movements of gold prices in a confined sideways price range, from the bottom above 1945 and from the top below 1977, explaining that the activation of selling positions begins with a …

The technical outlook is unchanged, and the Canadian dollar did not witness a significant technical change, maintaining the bearish context. The pair’s intraday movements are stable below the resistance level of 1.3390. Technically, the pair breached the support level at 1.3420 and turned into a resistance level according to reciprocating …

US crude oil futures prices incurred significant losses during the last session’s trading within the expected downside trend. It touched the official target station at 67.80, recording its lowest level at $66.8 per barrel. Technically, by looking at the 240-minute chart, we find the continuation of the negative intersection of …

Trading tended to negatively dominate the gold movements during the first trading sessions of this week. The sideways trend is still active and active, so the technical outlook remains unchanged. Over several consecutive sessions, we waited for the pending orders to be activated due to the sideways movements that dominated …

Positive movements dominated the trading of the British pound against the US dollar within the expected bullish context by last week’s trading, touching the first target 1.2595, recording its highest level at 1.2593. On the technical side today, and by looking at the 4-hour chart, we find that the simple …

US crude oil futures prices continue to incur losses within the bearish technical outlook, as we expected, touching the first target at 70.00, and approaching by a few points from the official station at 69.00, recording its lowest level during the early trading of the current session, at $69.33 per …