The forex news is in and all the focus is on the plethora of US data!!
With a little bit of focus on Gold and Crude Oil movements, what’s in store for the market today?
Without further adieu, let’s dive in!!
Dollar index
Sell Below 102.322
Downside Targets Looks 102.180 – 102.090
Stop loss below 102.56
XAUUSD
( Yesterday We Recommended to Buy !!Above $2166 )
(Both Target Hit $2172–$2178)
Buy Above $2178
Upside Targets Looks $2183 – $2191.
Stop-loss $2163
XAGUSD
( Yesterday We Recommended to Buy !!Above $24.35 )
(Both Target Hit $24.50–24.60)
Buy Above $25.099
Upside Targets Looks $25.216–$25.26
Stop-loss $24.86
COPPER
( Yesterday We Recommended to Buy !!Above $4 )
(Both Target Hit $4.0230–$4.0250)
Sell Below $4.0315
Downside Targets Look $4.016- $4.010
Stop Loss $4.0650
CRUDE OIL (WTI)
( Yesterday We Recommended to Buy !!Above $78.81 )
(Both Target Hit $79.25–$79.50)
Crude Oil is Trading Around $80.46.
Above $80.11… Buy it!!
Upside Target $80.65 -$80.88
Stop Loss $79.45
NASDAQ
( Yesterday We Recommended to Sell !!Below 18429 )
(Both Target Hit 18375–18340)
Sell Below 18329 Levels Only…!!
Downside Target Looks 18265–18236.
Stop-loss 18443.
S&P 500 E-Mini
( Yesterday We Recommended to Sell !!Below 5230 )
(1st Target Hit 5220)
Buy Above 5256
Stoploss 5233.
Upside Target Looks 5270-5280.
TOP PICK– CADCHF
Buy Above 0.65352 Stop-loss 0.65191 Target 0.65556.
Forex News: All eyes on Gold and Crude Oil!
Gold prices are moving with caution ahead of the US PPI retail sales. It has fallen amid the cautions of investors ahead of the US retail sales PPI data. The growth for both monthly and annual core PPI has been forecast to have a softened effect.
Crude Oil on the other hand is rallying. WTI Oil trades are up nearly 3 % in just the matter of 2 trading days. Oil traders are seeing a bullish positioning paying off after the US stockpile unexpectedly declined.
That’s all for today.
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: Crude oil at Key resistance, will it break or not?, US Macroeconomic numbers will lead market today
Recommended Read: Dollar Index – It’s Not As Complicated As You Think