Today’s forex newsletter looks quite interesting
DXY
Sell below 107.765
Stop loss above 107.925
Target 107.600–107.550
XAUUSD
( Yesterday given Sell around 2627 first target done)
Sell on rise around 2632
Stop loss above 2640
Target 2624–2616
XAGUSD
Sell on rise around 29.80
Stop loss above 30.00
Target 29.60–29.40
USoil
( Yesterday given Buy around 70.40 first target almost done)
Sell on rise around 70.40
Stop loss above 70.90
Target 69.90–69.40
COPPER (HG1)
( Yesterday given Buy around 4.1250 first target done)
Sell around 4.1250
Stop loss above 4.1450
Target 4.1050–4.0850
NASDAQ
Sell around 21920
Stop loss above 21950
Target 21870–21820
S&P 500 E-Mini
( Yesterday given Buy around 6075 first target done)
Sell around 6070
Stop loss above 6080
Target 6060–6050
Top pick
EURUSD
Buy around 1.04250
Stop loss below 1.04050
Target 1.04450–1.04650
Forex Newsletter – Oil prices saw a small increase, supported by expectations that China’s economic recovery will gain momentum due to stimulus efforts. However, the stronger U.S. dollar limited further price growth. Weekly reports also showed a drop in U.S. crude inventories, suggesting tightening supply.
Until then, Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
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