All Blogs
In the commodity market, oil prices are increasing to save the week, as OPEC+ members agreed to continue the production cuts to deal with a drastic decrease in demand amid a global coronavirus crisis...
Pivot (invalidation): 45.60 Our preference Long positions above 45.60 with targets at 47.05 & 47.45 in extension. Alternative scenario Below 45.60 look for further downside with 45.05 & 44.65 as targets...
Pivot (invalidation): 23.7900 Our preference Long positions above 23.7900 with targets at 24.3200 & 24.5300 in extension. Alternative scenario Below 23.7900 look for further downside with 23.5200 & 23.3100 as targets...
Pivot (invalidation): 1829.00 Our preference Long positions above 1829.00 with targets at 1851.00 & 1861.00 in extension. Alternative scenario Below 1829.00 look for further downside with 1817.00 & 1807.00 as targets...
Pivot (invalidation): 3645.00 Our preference Long positions above 3645.00 with targets at 3682.00 & 3700.00 in extension. Alternative scenario Below 3645.00 look for further downside with 3625.00 & 3595.00 as targets...
Pivot (invalidation): 13310.00 Our preference Short positions below 13310.00 with targets at 13220.00 & 13170.00 in extension. Alternative scenario Above 13310.00 look for further upside with 13350.00 & 13380.00 as targets...
Pivot (invalidation): 7.8420 Our preference Short positions below 7.8420 with targets at 7.7470 & 7.7100 in extension. Alternative scenario Above 7.8420 look for further upside with 7.8800 & 7.9150 as targets...
Pivot (invalidation): 0.7405 Our preference Long positions above 0.7405 with targets at 0.7450 & 0.7480 in extension. Alternative scenario Below 0.7405 look for further downside with 0.7390 & 0.7370 as targets...
Pivot (invalidation): 1.2900 Our preference Short positions below 1.2900 with targets at 1.2825 & 1.2800 in extension. Alternative scenario Above 1.2900 look for further upside with 1.2920 & 1.2940 as targets...
Pivot (invalidation): 0.8940 Our preference Short positions below 0.8940 with targets at 0.8885 & 0.8850 in extension. Alternative scenario Above 0.8940 look for further upside with 0.8965 & 0.8990 as targets...
Pivot (invalidation): 104.15 Our preference Short positions below 104.15 with targets at 103.65 & 103.30 in extension. Alternative scenario Above 104.15 look for further upside with 104.35 & 104.55 as targets...
Pivot (invalidation): 1.3420 Our preference Long positions above 1.3420 with targets at 1.3500 & 1.3530 in extension. Alternative scenario Below 1.3420 look for further downside with 1.3395 & 1.3370 as targets...
Pivot (invalidation): 1.2115 Our preference Long positions above 1.2115 with targets at 1.2175 & 1.2200 in extension. Alternative scenario Below 1.2115 look for further downside with 1.2095 & 1.2070 as targets...
/******************************************************************************/ /******* *******/ /******* *******/ /******* ﺑﺴﻢ ﷲ ﺍﻟﺮﺣﻣﻦ ﺍﻟﺮﺣﻴﻢ *******...
According to economists' forecast, in 2021 in advanced economies, fiscal and monetary policies will remain stimulating, which will help accelerate economic recovery after the pandemic, but, in turn, will increase inflationary risks...
In the commodity market, oil prices are declining amid a wobbling week. The WTI is down 0.42%, and Brent lost over 0.30%. OPEC+ is resuming talks regarding a potential extension of the crude production cuts after the current deadline of January 2021...
US equities were mixed on Wednesday, with the S&P 500 updating the record high for a second straight session, while the Nasdaq closing in the red. The market was driven by positive COVID vaccine news and stimulus talks. The downbeat private jobs data triggered stronger resistance...
Pivot (invalidation): 44.65 Our preference Long positions above 44.65 with targets at 45.90 & 46.25 in extension. Alternative scenario Below 44.65 look for further downside with 44.15 & 43.90 as targets...
Pivot (invalidation): 23.5200 Our preference Long positions above 23.5200 with targets at 24.3200 & 24.7200 in extension. Alternative scenario Below 23.5200 look for further downside with 23.1700 & 22.9000 as targets...
