Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1955.00 with take profit at 1958.60. Alternative scenario: Sell position is envisaged if price trades below 1949.00 with take profit at key level at 1945.00. Fundamentals:No major economic data with direct bearing to this commodity. Comment: Gold gained massive strength earlier Friday morning due …
Instrument: US30 Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 27830 with take profit at 27905 Alternative scenario: Sell position is envisaged if price trades below 27710 with take profit at key level 27608 Fundamentals:None with direct impact on the index. Comment: Stocks suffered losses but finished above session lows Thursday, and today, …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades above 39.23 with take profit at key level 38.89. Alternative scenario: Buy if price trades above 39.63 with take profit at 40.04. Fundamentals:No major economic data with bearing on the commodity. Comment: Energy prices has been tanking and this can be due to the fact …
Instrument: EURUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades above 1.18685 with take profit at key level 1.18421. Alternative scenario: Buy if price trades above 1.18881 with take profit at 1.19122. Fundamentals:No major economic data with bearing on the pair. Comment: The Euro has seen significant gains after the passage of the Euro stimulus …
Instrument: OIL Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 40.08 with take profit at 40.70 Alternative scenario: Sell position is envisaged if price trades below 39.69 with take profit at 39.32 Fundamentals:No major economic data with bearing on the commodity. Comment: Black gold is envisaged to trade higher today as tropical storm Sally …
Instrument: EURUSD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1.18598 with take profit at 1.18898 Alternative scenario: Sell position is envisaged if price trades below 1.18402 with take profit at 1.18153 Fundamentals:No major economic data with bearing on the pair. Comment: The Fed position has been bearish for the dollar over a couple …
Instrument: OIL Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 39.62 with take profit at 39.32 Alternative scenario: Buy when price trades above 40.22 with take profit 40.54 Fundamentals:No Fundamentals. Comment: Oil prices declined as there is a strong decline in demand for crude oil products. Prices have been pushing lower and it is …
Instrument: US30 Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price below 27647 with take profit at 27496 Alternative scenario: Buy position is envisaged if price trades above 27845 with take profit at key level 28003 Fundamentals:None with direct impact on the index Comment: Wall Street plunged Thursday as big tech gave up early-day gains and signs …
Instrument: GOLD Intraday: BULLISH Technical Analysis Preference: Buy position is envisaged if price trades above 1945.00 with take profit at 1950.00 Alternative scenario: Sell position is envisaged if price trades below 1939.00 with take profit at key level at 1933.00 Fundamentals:Main Refinancing Rate 12:45 pm EURMonetary Policy Statement 12:45 pm EURECB Press Conference 1:30pm EURUnemployment Claims Comment: The strength …
