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Daily Market Analysis 03.01.2023: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if the price trades above 1848.57 with take profit at  1851.57 Bearish Preference: A Sell position is envisaged if the price trades below price 1843. with take profit at 1840.09. Fundamentals:No Major Fundamentals  Comment: Gold is continuing to hover around $1,800, where it has traded roughly $30 on either …

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Daily Market Analysis 03.01.2023: OIL

Instrument: OILs Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above   86.43 with take profit at 86.75. Bearish Preference: Sell position is envisaged if price trades  below 85.76 with take profit at  85.51. Fundamentals:No major fundamental Comment: Oil prices are dropping for a second day, erasing some more of the pre-Christmas rally amid uncertainty over the …

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Daily Market Analysis 29.12.2022: GBPUSD

Instrument: GBPUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1.20590 with take profit at 1.20824. Bearish Preference: A Sell position is envisaged if price trades below price 1.19873 with take profit at 1.19659. Fundamentals:No Major Fundamentals  Comment: The dollar pared some gains on Thursday after riding long-end U.S. Treasury yields higher overnight, though investors …

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Daily Market Analysis 29.12.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 83.97 with take profit at 84.54. Bearish Preference: A Sell position is envisaged if price trades below price 82.18 with take profit at 81.44. Fundamentals:No major fundamental Comment: Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in …

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Daily Market Analysis 28.12.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above85.21 with take profit at 85.84 Bearish Preference: A Sell position is envisaged if price trades below price 83.77 with take profit at 82.73 Fundamentals:No major fundamental Comment: Oil prices fell on Wednesday on concerns that rising COVID-19 cases in China, the world’s top oil importer, will …

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Daily Market Analysis 28.12.2022: US30

Instrument: US30 Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 33537 with take profit at 33596 Bearish Preference: A Sell position is envisaged if price trades below price 33351 with take profit at 33293 Fundamentals:No Major Fundamentals  Comment:  Dow futures rose to start the last week of the year, as optimism over China’s restrictive COVID policies ending …

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Daily Market Analysis 28.12.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1807.84 with take profit at 1810.80 Bearish Preference: A Sell position is envisaged if price trades below price 1798.42 with take profit at 31795.55 Fundamentals:No Major Fundamentals  Comment: U.S. Treasury yields rose as investors tried to assess the path of interest rate hikes from the Federal Reserve …

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Daily Market Analysis 28.12.2022: US100

Instrument: US100 Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1807.84 with take profit at 1810.80 Bearish Preference: A Sell position is envisaged if price trades below price 1798.42 with take profit at 1795.55 Fundamentals:No major fundamental Comment: Global equities traded sideways on Wednesday after China took further steps towards reopening its COVID-battered economy, with hopes …

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Daily Market Analysis 27.12.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 85.43 with take profit at 85.77 Bearish Preference: A Sell position is envisaged if price trades below price 84.43 with take profit at 84.08 Fundamentals:No major fundamental Comment: Oil prices rose to three-week highs on Tuesday as China’s latest easing of COVID-19 restrictions raised fuel demand hopes …

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Daily Market Analysis 27.12.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1809.02 with take profit at  1811.10 Bearish Preference: A Sell position is envisaged if price trades below price 1806.52 with take profit at 1800.94 Fundamentals:2:30PM   Core CPI m/m  Comment: Gold advanced amid dollar weakness ahead of the long weekend. Gold amongst all three major U.S. stock indexes …

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