The Forex newsletter for the day is here. DXY , XAUUSD , XAGUSD , COPPER , USOIL , NASDAQ , S&P 500 E-Mini , USDCHF, Dollar
DXY
( Friday given Sell on rise around 105.800 first target done)
Sell around 105.900
Stop loss above 106.100
Target 105.700–105.500
XAUUSD
Buy around 2640
Stop loss below 2630
Target 2650–2660
XAGUSD
Buy around 30.40
Stop loss below 30.10
Target 30.70–31.00
USOIL
( Friday given Buy around 69.00 first target done)
Sell on rise around 69
Stop loss above 69.50
Target 68.50–68.00
COPPER (HG1)
( Friday given Buy around 4.1400 first target done)
Sell around 4.1350
Stop loss above 4.1450
Target 4.1250–4.1150
NASDAQ
( Friday given Buy above 20910 all target done)
Buy around 20950
Stop loss below 20930
Target 20970–20990
S&P 500 E-Mini
( Friday given Buy around 6025 all target done)
Buy around 6041
Stop loss below 2035
Target 6048–6054
Top pick
( Friday given USDCHF Buy around 0.88150 all target done)
USDCHF
Buy around 0.88500
Stop loss below 0.88300
Target 0.88700–0.88900
Forex Newsletter – Trump’s “Drill baby drill” approach is unlikely to cause major changes in oil prices. The main driver for drilling remains oil price levels, with increased drilling above $90/barrel and decreased activity below $60/barrel. OPEC+ actions are a more significant factor in price fluctuations. Oil prices are projected to stay within the $60-$90 range in the coming year, with potential disruptions from geopolitical events or changes in production.
Until then, Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
Also Read: Forex Focus: Why Are Chinese Banks Restricting Gold? , Silver Price: Will It Hold or Break Key Support?
Recommended Read: The Finale of the US Elections 2024: What Lies Ahead for the Commodities Market?
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