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Daily Market Analysis 31.08.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1727.61 with take profit at 1731.85 Bearish Preference: A Sell position is envisaged if price trades below price 1718.82 with take profit at 1714.83 Fundamentals:1:00pm     USD    FOMC Member Mester Speaks1:15pm     USD    ADP Non-Farm Employment Change Comment: Gold prices fell on Wednesday …

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Daily Market Analysis 31.08.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 99.18 with take profit at 99.86 Bearish Preference: A Sell position is envisaged if price trades below price 96.56 with take profit at 95.61 Fundamentals:No Major fundamental Comment: Oil prices recovered slightly on Wednesday as data pointed to firm U.S. fuel demand, providing respite after a 5% …

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Daily Market Analysis 30.08.2022: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1.00334 with take profit at 1.00517 Bearish Preference: A Sell position is envisaged if price trades below price 1.00056 with take profit at 0.99957 Fundamentals:3:00pm Consumer Confidence JOLTS Job Openings Comment:The price of gold slips to a fresh monthly low ($1720) as it carves a series …

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Daily Market Analysis 30.08.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 1738.41 with take profit at 1740.35 Bearish Preference: A Sell position is envisaged if price trades below price 1728.11 with take profit at 1726.20 Fundamentals:No major fundamental Comment: The price of gold slips to a fresh monthly low ($1720) as it carves a series of lower highs …

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Daily Market Analysis 30.08.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 103.66 with take profit at 103.96 Bearish Preference: A Sell position is envisaged if price trades below price 102.46 with take profit at 102.25 Fundamentals:No major fundamental Comment: Crude oil has recovered at the start of this week as supply issues continue to cause concern for energy …

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Daily Market Analysis 19.08.2022: OIL

Instrument: OILs Technical Analysis Bullish Preference:  A Buy position is envisaged if price trades above 96.38 with take profit at  96.79. Bearish Preference: A Sell position is envisaged if price trades below price 94.95 with take profit at 94.50. Fundamentals:None with high impact Comment: Oil prices slipped on Friday after two days of gains, as market participants weighed worries about …

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Daily Market Analysis 10.08.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 96.08 with take profit at 96.49 Bearish Preference: Sell position is envisaged if price trades  below 95.21 with take profit at 94.80 Fundamentals:No major fundamental Comment: Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude inventories unexpectedly …

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Daily Market Analysis 09.08.2022: US2000

Instrument: US2000 Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1941.3  with take profit at  1945.5 Bearish Preference: Sell position is envisaged if price trades below 1930.6 with take profit at 1922.9 Fundamentals:No major fundamental Comment:U.S. stock futures were slightly higher during Monday’s evening deals after major benchmark averages finished mixed during regular trading as market participants parsed a …

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Daily Market Analysis 26.07.2022: OIL

Instrument: OIL Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 102.44 with take profit at 102.93 Bearish Preference: Sell position is envisaged if price trades  below 101.21 with take profit at 100.78 Fundamentals:No Major Fundamental  Comment: Crude oil started the week on a positive note ahead of the Federal Reserve meeting this Wednesday, where the market anticipates …

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Daily Market Analysis 25.07.2022: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1.02593 with take profit at 1.02739 Bearish Preference: Sell position is envisaged if price trades  below 1.02088 with take profit at 1.01915 Fundamentals:No Major Fundamental  Comment: The euro moved higher against the dollar on Monday, recovering from earlier losses, as investors weighed the potential size of an …

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