Forex Focus: Oil Prices Dip Amid Easing Geopolitical Tension

The Forex newsletter for the day is here. DXY , XAUUSD , XAGUSD , COPPER , USOIL , NASDAQ , S&P 500 E-Mini , USDCHF….

DXY

( Friday given buy above 103.750 all target done)

Buy on around 103.900
Stop loss below 103.600
Target 104.200—104.500

XAUUSD

Buy around 2732
Stop loss below 2722
Target 2742-2752

XAGUSD

Buy around 33.40
Stop loss below 33.07
Target 33.70–34.00

USOIL

( Friday given Sell around 70.90 all target done)

Sell on rise around 68.00
Stop loss above 68.90
Target 67.10—66.20

COPPER (HG1)

Buy around 4.3700
Stop loss below 4.3450
Target 4.3900–4.4150

NASDAQ

Buy above 20670
Stop loss below 20590
Target 20750–20850

S&P 500 E-Mini

Buy above 5885
Stop loss below 5870
Target 5900–5915

Top Pick ( Friday given NZDUSD sell around 0.60000 first target almost done)

NZDUSD

Sell on rise around 0.59900
Stop loss above 0.60350
Target 0.59650—0.59350

Forex Newsletter – Oil prices dropped over $3 a barrel following Israel’s recent limited retaliatory strikes on Iran, which avoided targeting oil infrastructure. Brent crude fell to $72.70, while West Texas Intermediate dropped to $68.51. The reduced risk premium reflects hopes for de-escalation in the region. OPEC+ plans to maintain current output levels until their December meeting, with some speculation about potential changes to output targets in the future.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

Also Read: Big Week: Japan Elections, BOJ Rates, UK Budget, US Economic Data , Mideast Jitters: Major Crude Oil Swings on the Horizon

Recommended Read: Trader’s Guide: Could You Profit from 2024’s Silver and Gold Price Fluctuations?

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