Top-down analysis on crude oil. key levels, potential scenarios, and trading plan explained.
We're got 4 trades coming into the London trading session today and we are shorting AUDUSD, DAX , WTI and EURNZD. All trades look solid and this quick explanation dictates what we are doing. Our watchlist will be released only to our trading community.
Iran retaliated against US with ballistic missiles instead of disrupting oil shipments, facing one enemy at a time as China is a big importer. Gold and crude soared to fresh highs after Iran attacked a US military base in Iraq. Oil gains, however, were discounted early, perhaps due to EIA’s later report, but gold remains bid near $1600/oz. Watch our analyses...
A US airstrike at the Bagdad airport killed Iranian General Qassem Soleimani’s. Not only this is going to increase geopolitical instability in the region but it also questions the legality of the President's decision as he acted without Congressional approval! US-Iran relations are taking a sour turn early in the year following an “extremely dangerous” attack...
In today’s #marketinsights video recording I analyse #Crude #Oil and #Gold! Despite #wti should be under pressure on the last #API build, #Brexit, #US-Sino and oil field attacks by ISIS held the commodity upbeat! Meanwhile, in UK politics the "meaningful" vote took a U-turn to what I like to call "meaningless" vote as parliamentarians did indeed approve #BoJo's...
In today's #marketinsights video recording I analyse #USDCAD and #USDCHF #CAD Supported by: - By Drone Attack and #WTI surge - Weaker Dollar #CHF Supported by: - Weaker Dollar - Safe-haven flows on tradewar headlines *Should be weaker following #SNB's downward inflation outlook revision Stavros Tousios Head of Investment Research Orbex This analysis is...
Have a great day all!
GBP/CAD Short in play. Clean Retest of Support Region. Looking for further decline to 1.7100 If We can sustain A Oil Rally Next week the CAD will appreciate relative to GBP/CAD