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Forex Newsletter: Norway’s Hammerfest LNG Plant Suffers Unexpected Outage


The Forex newsletter for the day is here. Without further adieu, let’s dive in!

Dollar Index

Buy around 105.00
Upside Targets Looks 105.700/105.900
Stop loss below 105.100

XAUUSD


(On friday given Sell below $2350, both target done, hope you have made a good profit)

Buy around $2324
Upside Target Looks $2330—$2340
Stop-loss below $2318

XAGUSD


(On friday given Buy around $29.70, First target done, hope you have made a good profit)

Buy around $29.40
Upside Target Looks $29.80—$30.30
Stop-loss below $29.00

COPPER


(On friday given Sell below $4.8000, First target done, hope you have made a good profit)

Sell below $4.3500
Downside Target Look $4.2300—$4.1100
Stop Loss above 4.4700

CRUDE OIL (WTI)

Buy around $80.00
upside Target $80.80—$81.00
Stop-loss below $79.00

NASDAQ

Sell below 19910
Downside Target Looks 19700—19500
Stop-loss above – 20100

S&P 500 E-Mini

Buy above 5551
Stop loss below 5520
Upside Target Looks 5580—5600

TOP PICK-CADCHF

Buy above 0.6540
Stop loss below 0.6500
Upside Target Looks 0.6580—0.6620

Norway’s Hammerfest LNG Plant Suffers Unexpected Outage

Equinor’s Hammerfest LNG plant in Norway has suffered an unexpected outage due to a sudden loss of power, halting all output. The plant, which accounts for 5% of Norway’s gas exports, is expected to remain offline until Monday.

Meanwhile, Russia is rapidly transporting LNG through the Arctic Sea to Asia, and Japan is investing in Texas shale gas to diversify its energy sources.

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also Read: US, Tokyo inflation and US GDP data spotlight this week Will copper prices struggle to break key resistance?

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