Today’s forex newsletter looks quite interesting
Oil Prices Stabilize Amid Supply Outlook and U.S. Rate Cut Expectations
Oil prices remained stable as forecasts for a well-supplied market countered optimism from potential U.S. interest rate cuts. The International Energy Agency expects ample supply next year, while weak demand, particularly in China, and rising non-OPEC production contributed to market pressures. Investors are hopeful for rate reductions, which could boost energy demand.
DXY
Buy around 106.200
Stop loss below 106.00
Target 106.400–106.600
XAUUSD
Buy on dip around 2700
Stop loss below 2690
Target 2710–2720
XAGUSD
Sell below 31.80
Stop loss above 31.95
Target 31.65–31.50
USOIL (Yesterday given Buy above 69.34 all target done)
Sell below 70.00
Stop loss above 70.50
Target 69.50–69.00
COPPER (HG1) (Yesterday given Buy around 4.2480 all target done)
Buy around 4.2930
Stop loss below 4.2830
Target 4.3030–403130
NASDAQ
Sell around 21730
Stop loss above 21780
Target 21680–21630
S&P 500 E-Mini (Yesterday given Buy around 6053 all target done)
Buy above 6088
Stop loss below 6080
Target 6098–6108
Top pick (Yesterday given USDCHF Sell around 0.88350 first target done)
Buy around 0.88700
Stop loss below 0.88500
Target 0.88900–0.89100
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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