Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 131.46 with take profit at 132.46. Bearish Preference: Sell position is envisaged if price trades below 127.21 with take profit at 125.69. Fundamentals:No major Fundamental Comment: Crude oil prices roared higher at the weekly trading open as the deepening crisis in Ukraine stoked speculation about another round …
Instrument: DE30 Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 14322.2 with take profit at 14382.4. Bearish Preference: A Sell position is envisaged if price trades below 14155.1 with take profit at 14094.9. Fundamentals:No major Fundamental. Comment: European stock markets sold off sharply Monday, as investors digested the news of Western governments ramping up the sanctions on …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 98.99 with take profit at 99.45. Bearish Preference: Sell position is envisaged if price trades below 98.20 with take profit at 97.76. Fundamentals:No major Fundamental. Comment: Crude oil prices rose sharply, as did European natural gas futures, amid fears that the new sanctions could disrupt energy flows …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1911.95 with take profit at 1916.44. Bearish Preference: Sell position is envisaged if price trades below 1895.54 with take profit at 1889.88. Fundamentals:No major Fundamental. Comment: We saw last week second largest gold upper wick (denoting intraday reversal) on record. What is remarkable is that this recovery …
Instrument: US100 Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 14030.21 with take profit at 14083.08. Bearish Preference: A Sell position is envisaged if price trades below 13898.03 with take profit at 13853.97. Fundamentals:No major Fundamental. Comment: We closed out this past week on a remarkably – almost unbelievably – bullish footing. Through extraordinary volatility and a …
Instrument: GBPUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.36199 with take profit at 1.36298. Bearish Preference: Sell position is envisaged if price trades below 1.36078 with take profit at 1.36008. Fundamentals:No major Fundamental. Comment: GBP/USD does still retain some bullish potential and support, so far, has held above the 1.3500 psychological level. The …
Instrument: DE30 Technical Analysis Bullish Preference: A Buy position is envisaged if price trades above 14926.3 with take profit at 14955.7. Bearish Preference: A Sell position is envisaged if price trades below price 14880.7 with take profit at 14848.2. Fundamentals:No major Fundamental. Comment: If the USD is going to put in a directional move it’s likely going to need some …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 92.15 with take profit at 93.18. Bearish Preference: Sell position is envisaged if price trades below 90.30 with take profit at 89.87 Fundamentals:No major Fundamental. Comment: Fundamentals and geopolitics have pushed oil prices rallying by 20 percent so far this year to levels last seen …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1893.66 with take profit at 1898.47 Bearish Preference: Sell position is envisaged if price trades below 1884.50 with take profit at 1880.23. Fundamentals:No major Fundamental. Comment: Gold prices pulled back to $1,892 from an eight-month high of $1,908 during Monday’s APAC mid-day trading session after French …
Instrument: GBPJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 156.458 with take profit at 156.744. Bearish Preference: Sell position is envisaged if price trades below 155.844 with take profit at 155.456. Fundamentals:No major Fundamental. Comment: First, We look at the daily chart and you can see two things: Major support and major resistance. The latter …
