Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 74.81 with take profit at 74.96. Bearish Preference: Sell position is envisaged if price trades below 74.18 with take profit at 73.93. Fundamentals: 3:30pm USD Crude Oil Inventories Comment: Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S. …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1764.49 with take profit at 1766.92. Bearish Preference: Sell position is envisaged if price trades below 1755.62 with take profit at 1753.19. Fundamentals: 3:00pm USD Prelim UoM Consumer Sentiment Comment: Gold was up on Friday morning in Asia but was headed towards a second weekly loss. The focus …
Instrument: OILs Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 75.68 with take profit at price 75.86. Bearish Preference: A sell position is envisaged if price trades below price 75.09 with take profit at price 74.85. Fundamentals: No major fundamental Comment: Oil and fuel stockpiles dropped sharply last week, as refiners in the U.S. Gulf region and …
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.27090 with take profit at 1.27226. Bearish Preference: Sell position is envisaged if price trades below 1.26641 with take profit at 1.26510. Fundamentals: 1:30pm CAD CPI m/m Comment: Tuesday’s softer-than-expected US CPI report suggested that the big surge in inflation this year may have peaked and eased fears …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 72.71 with take profit at 72.83. Bearish Preference: Sell position is envisaged if price trades below 72.35 with take profit at 72.23. Fundamentals:USD 4:00PM Crude Oil Inventories Comment: U.S. production is struggling to recover from Hurricane Ida, “Extensive damage to infrastructure and power outages mean Ida has knocked …
Instrument: US30 Technical Analysis Bullish Preference: A buy position is envisaged if price trades above price 35415 with take profit at price 35450. Bearish Preference: A sell position is envisaged if price trades below price 35365 with take profit at price 35330. Fundamentals: No major Fundamentals Comment: U.S. stock futures were flat Tuesday morning amid lingering concerns about the delta variant’s impact on …
Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17506 with take profit at 1.17645. Bearish Preference: Sell position is envisaged if price trades below 1.17271 with take profit at 1.17129. Fundamentals:No major fundamentals Comment: European stock markets are expected to edge higher at the open Tuesday, helped by a strong handover from Wall Street after the …
Instrument: OILs Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 67.65 with take profit at 67.94. Bearish Preference: Sell position is envisaged if price trades below 66.20 with take profit at 65.89. Fundamentals:No major Fundamental Comment: Oil prices fell for the sixth day, the longest losing streak since February 2020, as a spike in COVID-19 …
Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1797.04 with take profit at 1800.17. Bearish Preference: Sell position is envisaged if price trades below 1788.29 with take profit at 1786.20. Fundamentals:7:00pm USD FOMC Meeting Minutes Comment: Gold was up on Wednesday morning in Asia. Investors turned towards the safe-haven yellow metal as increasing …
Instrument: USDJPY Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 109.478 with take profit at 109.671. Bearish Preference: Sell position is envisaged if price trades below 109.228 with take profit at 109.051. Fundamentals:No major fundamental. Comment: The US Dollar is seeing some movement Friday morning. USD price action has been trading on its back foot for most of …
