Crude Fighting BackFollowing heavy selling across the start of the week, oil prices have since stabilised and are now starting to recover. Crude futures found support into the 72.61 level with the...
XAUUSD H4 | Bearish Reversal
TitleXAUUSD H4 | Bearish ReversalTypeBearish ReversalPreference:Price is rising toward the pivot of 2390, a pullback resistance close to 38.2% Fibo retracement. A reverse from this level could lead...
Brent Oil Forecast: Potential Price Rise Ahead
The price of Brent oil is currently approaching a strong supporting zone formed between levels 71.50 and 72.50. It is also important to note that oil has already gained the required support in this...
Daily Market Outlook, August 22, 2024
Daily Market Outlook, August 22, 2024 Munnelly’s Macro Minute…"Dovish Fed Minutes Send Dollar To One-Year Lows”Following the generally positive signals from global markets overnight, Asian stock...
Copper Losing Steam As US Job Fears Resurface
US Jobs Concerns Stall Copper RallyThe recovery rally in copper has lost a little momentum this week with prices seeing a shallower, more laboured move higher. US Dollar weakness has been a strong...
Daily Market Outlook, August 21, 2024
Daily Market Outlook, August 21, 2024 Munnelly’s Macro Minute…"Risk Rally Running Into Resistance”Asian stock markets are primarily trading lower on Wednesday, as a result of the broad negative...
XAUUSD H4 | Bearish Drop
TitleXAUUSD H4 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot of 2517, a pullback resistance. A fall from this level could lead the price to fall to 1st support at 2491, a...
Oil Heavily Sold Despite USD Weakness
Crude Under PressureOil prices have been under heavy selling pressure over the last week with crude futures reversing sharply from highs around the $80 mark. Price is now testing the 72.61 level...
BCOUSD 30-min | Potential Bearish Breakout
TitleBCOUSD 30-min | Potential Bearish BreakoutTypeBearish BreakoutPreference:Price could fall towards the pivot point of 77.15 which is a potential breakout level and could drop lower from here; we...
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