DAX INDEX IS IN A NEGATIVE TREND FOR THE WEEKS TO COME.
CRUDE OIL REACHED NEAR THE TECHNICAL RESISTANCE ZONE AND SLOWDOWN FEAR LOOMS.
TECHNICALLY POUND IS STILL BULLISH BUT ALL EYES REMAIN ON BREXIT
This pair is swinging in the zone with the top being 1.1518 and the support at the bottom 1.1230. It may continue to be in a range for sometime. Sell around 1.1370 and the short term target is 1.1310 but if it continues lower and breaks below the previous low of 1.1230 then the next
Oil price rises but US supply can spoil the show.
Precious metals showing weakness.
Crude prices broke below the crucial support.
Reversal is around the corner for a pullback to continue higher later on.
EURUSD remains bearish until it breaks above 1.1370
The gold remains bullish for the upcoming week but its possible for a small correction/pullback before continuing higher. The immediate support levels are 1307/1298. The target zone for the buy trades is in between 1322 – 1330.
- In the Physical Oil Market, Sour Barrels Trade at Sweet Prices
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