May 29,2020

OIL WEEKLY ANALYSIS – OIL MARKET RECOVERY STALLED BY UNCERTAINTIES AND GEOPOLITICAL TUSSLE   With June right at the corner, and this month staging 87% recovering in the black gold market, prices have unfortunately found a strong level at the $34 handle. The WTI index has struggled to cheer the USD’s......

May 22,2020

OIL WEEKLY ANALYSIS – BULLS SHATTERS BY TECHNICAL CORRECTION OR POLITICAL TENSION   Market sentiment has vastly improved over the past weeks, where news about the promising vaccine has also helped boost not only energy but also equity markets. Crude Oil futures prices continue to grow from the historic April......

May 22,2020

GBPUSD WEEKLY ANALYSIS – Price Action Failed To Break Above; Heading Back Towards Support Zone   Following the previous report on GBP/USD, price action extended lower towards the support level from September 2019 near 1.2060, before rebounding from the level to retest its 38.2 Fibonacci level near 1.2240. However, the pair......

May 15,2020

GBPUSD WEEKLY ANALYSIS – Price Action Breaks Below Trend-line; Potential Downward Momentum Ahead   Following the previous report on GBP/USD, price action successfully broke below its upward trend-line. However, the previous candle closed with a ‘hangman’ pattern at the 38.2 Fibonacci level near 1.2240. Further confirmation of a breakout below the......

May 15,2020

OIL WEEKLY ANALYSIS – WTI CAPPING UP FRESH HIGH   With just four trading sessions left before the WTI June contract expires, in despite the total number of coronavirus cases reaching 4.5 million and 300k death reported worldwide by Johns Hopkins and the market, in general, ignoring the US unemployment......

May 08,2020

GBPUSD WEEKLY ANALYSIS – Price Action Re-test Upward Trend-line   Following the previous report on GBP/USD, price action previously rebounded from the upward trend-line to re-test its 61.8 Fibonacci level near 1.2600, only to be rejected once again back towards the trend-line. Price action now struggles between its 50.0 Fibonacci near......