Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 101.45 with take profit at 102.35 Bearish Preference: Sell position is envisaged if price trades below 99.61 with take profit at 98.84 Fundamentals:No major Fundamental. Comment: The price of oil spiked to a fresh yearly high ($130.50) in March amid the disruptions caused by the Russia-Ukraine war. …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1946.94 with take profit at 1948.38 Bearish Preference: Sell position is envisaged if price trades below 1940.27 with take profit at 1937.50 Fundamentals:No major fundamentals Comment: Gold prices (XAU/USD) rose 0.7% to ~1,945$ for the week, despite broad-based U.S. dollar gains and soaring rates. Over the five-day period, the …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.24976 with take profit at 1.25018 Bearish Preference: Sell position is envisaged if price trades below 1.24896 with take profit at 1.24800 Fundamentals:No major Fundamental. Comment: Amid heightened geopolitical and fundamental risks, the safe-haven appeal of the US Dollar and the hawkish rhetoric of the Federal Reserve …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 106.27 with take profit at 107.12 Bearish Preference: Sell position is envisaged if price trades below 104.43 with take profit at 103.95 Fundamentals:No major Fundamental. Comment: Oil traded below $105 on Friday after Biden announced the largest-ever supply release from US emergency reserves. Technically, the trend bias …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1931.88 with take profit at 1933.42 Bearish Preference: Sell position is envisaged if price trades below 1924.57 with take profit at 1920.53 Fundamentals:No major Fundamental. Comment: There’s no two-ways about it: gold prices outperformed our expectations in Q1’22. Our rationale for not taking a bullish outlook on gold …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.09725 with take profit at 1.09840 Bearish Preference: Sell position is envisaged if price trades below 1.09367 with take profit at 1.09196. Fundamentals:No Major Fundamental Comment: With nothing substantial on the economic calendar today, we look ahead with anticipation to U.S. and Euro zone inflation data (see …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14816.36 with take profit at 14836.83. Bearish Preference: Sell position is envisaged if price trades below 14749.82 with take profit at 14729.75. Fundamentals:No major Fundamental Comment: On Wall Street, the stock market saw strong 2-week performances. Dow Jones and S&P 500 futures climbed about 5.5% and 7.7% respectively. …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1943.79 with a take profit at 1950.00. Bearish Preference: Sell position is envisaged if price trades below 1930.34 with a take profit at 1924.39. Fundamentals:No major Fundamental Comment: The price of gold appears to have reversed ahead of the 50-Day SMA ($1888) as it extends the advance from …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 113.68 with a take profit at 114.15. Bearish Preference: Sell position is envisaged if price trades below 112.53 with a take profit at 112.14. Fundamentals:No Major Fundamental Comment: Volatility in energy markets is a feature of current trading conditions and likely won’t dissipate anytime soon. Having already …
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 14480.44 take profit at 14540.03. Bearish Preference: Sell position is envisaged if price trades below 14281.82 take profit at 14214.29. Fundamentals:5:PM US ZONE: Fed Chair Powell Speaks Comment: Asia Pacific stocks were mostly down on Monday morning, holding steady as efforts to bring an end to …
