The forex news for the day is and there’s a lot of focus on the yellow metal and its distant cousin, Copper!!

What’s instore for traders tonight?

Let’s get started on that!!

  Dollar index     

   Sell Below   102.090

  Downside Targets Looks 102.060 – 102.040

 Stop loss Above 103.015

   XAUUSD   

 Buy Above    $2173

 Upside Targets Looks  $2180 – $2190.
        Stop-loss $2165

       XAGUSD       

Buy Above   $25.020

         Upside Targets Looks  $25.050–$25.080

Stop-loss $24.070

 COPPER      

Buy Above  $4.10

  Upside Targets Look $4.13- $4.15

  Stop Loss $4.04

  CRUDE OIL (WTI)

  ( Yesterday We Recommended to Buy  !!Above $80.11 )
              (Both Target Hit  $80.65–$80.88)  

       Crude Oil is Trading Around $80.46.

               Above  $79.60… Buy it!!

       Upside Target $81 -$82

         Stop Loss $78.40

  NASDAQ

   ( Yesterday We Recommended to Sell !!Below  18329 )
              (Both Target Hit  18265–18236)  

   Buy Above   18350  Levels Only…!!
      Upside  Target Looks 18460–18600.

      Stop-loss 18140.

    S&P 500 E-Mini   

Buy Above    5232

Stoploss   5210.

   Upside Target Looks 5260-5300.

   TOP PICK- USDCHF

  Buy Above  0.8854  Stop-loss 0.8820 Target 0.8880.

Forex News: Gold and Copper Go Hand in Hand!!

Gold prices have been on the rise as US yields cool down, although there is a downside. The yellow metal is under pressure as Fed rate cut expectation for the June are dwindling.

Copper prices on the other hand is at ek resistance and is likely to break through. As per the analysis the price of copper has continue to rise to its highest level in nearly 3 years on Thursday.

That’s all folks

Happy Trading!!

Commodity Samachar
Learn and Trade with Ease

Also Read: Copper prices at Key resistance, likely to break it., US Consumer Sentiment in focus today

Recommended Read: Forex News Letter: Will Gold and Crude Oil Lead the Pack?

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