Fundamental Analysis The black gold is continuously receiving lashing and another bear leg is on its way. Most traders are concerned that lower oil price is representing a weaker global economic growth. The rout in oil prices has caused a major sell off in the Middle East market with the exception of Egypt. However, it…
اقرأ المزيدThe GBP/USD pair has broken its downward channel on a 30 minute time frame. The price is trading below the downward trend line and this confirms that the trend is towards the downside. Any upward move for the price could find its first resistance near the lower line of the downward channel. The volatility for…
اقرأ المزيدFundamental analysis Black gold- Brent oil is trading lower mainly due to the further weakness in demand as the Chinese manufacturing data has printed even further fragile number. This affair is mainly causing the traders to increase their short trades for crude and Brent oil. The fact is that we already have way too much…
اقرأ المزيدFundamentals Crude oil is having another choppy session today and traders have booked their profit from yesterday’s gain. The bounce which we had yesterday was purely based on speculation and we maintain our view that the trend will continue towards the downside. However, we are not too far off from finding the bottom as the U.S.…
اقرأ المزيدFundamentals Greece situation is the main factor behind the upward move for gold and traders wants to hedge their risk which they have on their books. Next year is going to be extremely choppy, so I am not surprised if we see this trend become more stronger given that we have elections in Greece and…
اقرأ المزيدFundamentals Saudi Arabia will not take any impulsive action in the Middle East, as such actions could bring a major threat to their door step. Oil price is heavily influenced due to the extra 2 million b/d on the market, and even though we do have some reports of geopolitical tensions in Libya, but their…
اقرأ المزيد
