Today’s forex newsletter looks quite interesting
Oil Prices Fall as Chinese Data Weakens Demand Outlook
Crude oil prices dip nearly 1% on Monday, nearing $70, following disappointing Chinese retail sales growth of 3% in November, below expectations. Sluggish demand is further indicated by falling tanker rates. The global oil market is set to remain well-supplied in 2025, with OPEC+ production cuts continuing.
DXY
Buy around 106.600
Stop loss below 106.450
Target 106.750–106.900
XAUUSD (Friday given Sell around 2675 all target done)
Sell around 2662
Stop loss above 2667
Target 2657–2652
XAGUSD (Friday given Sell around 30.90 all target done)
Sell below 30.61
Stop loss above 30.71
Target 30.50–30.40
USOIL
Buy around 70.10
Stop loss below 69.80
Target 70.40–70.70
NASDAQ
Buy above 21867
Stop loss below 21837
Target 21997–22027
S&P 500 E-Mini
Buy around 6065
Stop loss below 6060
Target 6070–6075
Top pick (Friday given EURJPY Buy around 161.200 all target done)
EURUSD
Sell on rise around 105.100
Stop loss above 105.300
Target 104.900–404.700
That’s all for today’s forex newsletter
Until then, Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
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