Tag Archives: technical

Negative trading returned to control the movements of US crude oil futures prices, with the increase in crude oil inventories, as indicated by the report issued by the International Energy Agency last Wednesday, recording its lowest level yesterday at $84.74 per barrel. Technically, by looking at the 4-hour chart, we …

Gold prices achieved noticeable gains during the previous trading session, taking advantage of the weakness of the US currency, which fell strongly after the US inflation data, as gold recorded its highest level at $ 1757 per ounce. Technically, we tend in our trading to the positive, relying on the …

The Canadian dollar declined noticeably yesterday within the expected bearish context, only to reach its lowest level during the last session’s trading around 1.3465. Technically, we are inclined in our trading to the negativity, relying on the continuation of the effect of the bearish technical structure shown on the 4-hour …

As we expected, US crude oil futures prices jumped at the beginning of this week’s trading within the positive outlook, touching the official target of the previous technical report at 93.60, recording the highest level at 93.74. Technically, the stochastic has started to provide negative crossover signals, and this comes …

Gold prices did not show strong movements during the last session’s trading after the big gains it achieved last Friday, reaching the level of $1681 per ounce. Technically, we find gold retesting the previously breached resistance and turning it to a support level around 1666, which is still stable above …

Last Friday, the Canadian dollar incurred strong losses within the expected negative outlook, touching the profit-taking order published during the previous analysis at 1.3600, recording its lowest level at 1.3470 after the US and Canadian jobs data. Technically, we tend in our trading to the negative, relying on the continuation …

Strong gains dominated US crude oil futures prices within the expected bullish context, surpassing the required targets at 90.75 and recording the highest level at 92.80. Technically, the simple moving averages support ascending, accompanied by positive signs from the RSI stable above the 50 mid-line. From here and steadily trading …

Gold prices jumped at the end of last week’s trading. We adhered to intraday neutrality in the previous report, explaining that we are waiting to activate the pending orders, a pending buy order above 1647, to open the door to 1660 and then 1677, recording its highest level at $1681 …

A weak bullish trend, as we mentioned, dominated the Canadian dollar’s movements yesterday within the targeted bullish path, surpassing the required target of 1.3760 and recording its highest level around the resistance of the psychological barrier of 1.3800. Technically, the pair failed to stabilize for a long time above 1.3800 …

Mixed trading dominated the futures prices of US crude oil yesterday, trying to maintain the expected bullish context during the previous analysis, in which we relied on stability above the strong support level 88.10 to end its daily trading above the mentioned level, and it is now trading around 88.80. …