Tag Archives: technical

US crude oil futures prices incurred significant losses within the expected negative outlook during the technical report issued yesterday, touching the official target station at 78.25, recording its lowest level during the early trading of the current session at 77.56. Technically, we continue to suggest the bearish daily trend, relying …

Narrow range side trading did not witness a significant change to find gold prices maintaining stability between 1920 and 1936. As a reminder, we indicated during the previous analysis that price consolidation above 1936 is a condition for resuming the bullish trend. On the technical side, by looking at the …

We remained neutral during the last report due to conflicting technical signals for CAD, explaining that activating short positions depends on breaking 1.3350, targeting 1.3300, and recording a low of 1.3299. Technically, and with a closer look at the 240-minute chart, we notice the continuation of the negative pressure of …

US crude oil futures prices were able to touch the first bullish target at 82.30, recording its highest level at the end of last week’s trading at 82.45, which formed a strong resistance level that forced oil to trade significantly to be able to break the support floor of 80.20, …

Gold stayed in narrow sideways actions and was confined between 1920 and 1936. From a technical point of view, today we tend to be positive but with caution, relying on the continuation of the simple moving average’s attempts to provide a positive impulse, in addition to the emergence of positive …

Limited sideways trading dominates the movements of the Canadian dollar, confined between 1.3350 and 1.3420. Technically, we note the continuation of the 50-day simple moving average pressure on the price from above, with trading stabilizing below 1.3420, which supports negativity. On the other hand, we find the 14-day momentum indicator …

US crude oil futures prices achieved the first bearish target referred to in the previous analysis at 79.40, to start a bullish rebound due to touching the support 79.40 represented in the first target, to witness the current movements stabilizing above the barrier of $80.00 per barrel. Technically, the 50-day …

For the second session in a row, the strong levels of demand published during all the technical reports for the current week, at 1920, proved their effectiveness after gold was able to establish a solid support ground to force it to rebound upward and continue the ascent towards the official …

Mixed trading dominated the movements of the Canadian dollar yesterday, within a marginal rise, as we mentioned yesterday, to realize the idea of retesting the strong resistance level at 1.3400, recording its highest level at 1.3413. Technically, the pair failed to stabilize for a long time above 1.3400, and forced …

Strong resistance around 82.20, which formed a strong obstacle in front of US crude oil futures prices, contradicting the positive outlook as we expected, in which we relied on the stability of daily trading above 81.00, explaining that the return of trading stability below 81.00 is capable of postponing the …