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wednesday

Daily Market Analysis 29|07|2020: US30

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Instrument: US30 Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 26358 with take profit at 26427. Alternative scenario: Sell position is envisaged if price trades below 26271 with take profit at 26196. Fundamentals:7:00pm USD FOMC Statement Federal Funds Rate Comment: The US seems to be in a race to complete details of a $1 …

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Daily Market Analysis 29|07|2020: OIL

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Instrument: OIL Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 43.96 with take profit at 44.60. Alternative scenario: Sell position is envisaged if price trades below 43.47 with take profit at 43.09. Fundamentals:3:30pm USD Crude Oil Inventories. Comment: Oil prices rose on Wednesday after an industry report showed that crude inventories in the United …

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