The Forex newsletter for the day is here. Without further adieu, let’s dive in!
Dollar Index
Buy around 105.00
Upside Targets Looks 105.700/105.900
Stop loss below 105.100
XAUUSD
(On friday given Sell below $2350, both target done, hope you have made a good profit)
Buy around $2324
Upside Target Looks $2330—$2340
Stop-loss below $2318
XAGUSD
(On friday given Buy around $29.70, First target done, hope you have made a good profit)
Buy around $29.40
Upside Target Looks $29.80—$30.30
Stop-loss below $29.00
COPPER
(On friday given Sell below $4.8000, First target done, hope you have made a good profit)
Sell below $4.3500
Downside Target Look $4.2300—$4.1100
Stop Loss above 4.4700
CRUDE OIL (WTI)
Buy around $80.00
upside Target $80.80—$81.00
Stop-loss below $79.00
NASDAQ
Sell below 19910
Downside Target Looks 19700—19500
Stop-loss above – 20100
S&P 500 E-Mini
Buy above 5551
Stop loss below 5520
Upside Target Looks 5580—5600
TOP PICK-CADCHF
Buy above 0.6540
Stop loss below 0.6500
Upside Target Looks 0.6580—0.6620
Norway’s Hammerfest LNG Plant Suffers Unexpected Outage
Equinor’s Hammerfest LNG plant in Norway has suffered an unexpected outage due to a sudden loss of power, halting all output. The plant, which accounts for 5% of Norway’s gas exports, is expected to remain offline until Monday.
Meanwhile, Russia is rapidly transporting LNG through the Arctic Sea to Asia, and Japan is investing in Texas shale gas to diversify its energy sources.
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read: US, Tokyo inflation and US GDP data spotlight this week Will copper prices struggle to break key resistance?
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