Fx-jomic

Fx-jomic

hello traders here is fallow up sell signal for previous analysis last night price got rejected from $49 and we had great selling opportunity am seeing more bearish set up for oil because of the price action move price hit the tp target which is acting as the new resistance ,look for selling opportunities on CRUDE OIL as long as the price is trending below the...

Fx-jomic

hello trader's her is quick sell off for USOIL price got rejected from $49.78 and now its trending below its moving averages 50 & 200MA at the moment thr 30 mn candle is testing the 200MA wait for clear break out candle if all the scenario met than look for selling opportunities on USOIL

Fx-jomic

A light data calendar during Christmas week has not dampened enthusiasm for the British pound. The currency started off the week on the wrong foot but has easily recovered these losses and then some. Earlier in the day, GBP/USD rose to 1.3686, its highest level since May 2018 ncing low liquidity this week, they are vulnerable to volatility based on geopolitical...

Fx-jomic

The Euro has rallied significantly during the trading week to slam into the 1.23 handle. All things being equal, this is a market that is a little bit overextended, so I think a pullback does make quite a bit of sense. Regardless, the area between the 1.23 level and the 1.25 level offers a massive resistance. If we can break above the 1.25 handle, it is a major...

Fx-jomic

OPEC+ is scheduled to meet on January 4 to discuss how much the group will produce in February and beyond. The group is also set to meet monthly to determine the production quotas for the following month, after weighing market conditions.According to Reuters sources, OPEC’s compliance for November reached 104%. Compliance for OPEC’s allies—a group that includes...

Fx-jomic

the GBP USD pair has slowly by steadily advancing towards this year’s high at 1.3624, as speculative interest keeps selling the greenback. News that the US Congress delayed the discussion on increasing coronavirus relief’s direct payments hit the American currency. In the UK, Parliament is set to discuss and vote on the post-Brexit deal with the EU, which is...

Fx-jomic

TH USD the price is trending now below the 50MA price is likly to pay a visit a previous support $648 look for selling opportunities if the i hr candle closes at $714

Fx-jomic

Previously, OPEC+ was set to increase its oil production by 2 million bpd in January 2021 but the second wave of the virus forced it to revise the deal and negotiate a modest production increase of 500,000 bpd. At this point, it looks like Russia wants OPEC+ to gradually increase oil production in order to reach the production increase of 2 million bpd in April...

Fx-jomic

The British pound has rallied a bit during the trading session on Tuesday reach towards the 1.35 handle. By doing so it shows that the market is likely to continue going higher. The 1.36 level above is an area that has already been tested, and I think it is an area that we could return to. All things being said though, we should keep in mind that the Brexit...

Fx-jomic

The early price surge was fueled by optimism over the U.S. stimulus package and the start of a European vaccination campaign. The move came to a screeching halt on concerns over weaker demand and the prospect of higher OPEC+ output. as you saw my previous analysis on oil i you fallowed the analysis the price got support at 47.50 now were looking to bake another...

Fx-jomic

The British pound has found a bit of a magnet in the form of the 1.35 handle. At this point in time, the market looks as if it is trying to figure out whether or not Brexit is enough to keep the British pound to continue going higher. I suspect we will probably have a lot of choppy behavior ahead of us, due to the fact that people are still trying to figure out...

Fx-jomic

Oil traders are going long aggressively now after recent reports revealed U.S. President Donald Trump signed a $2.3 trillion COVID-19 aid and spending package, pushing oil prices far above their most recent support levels. well that's one side of the coin am seeing bearish momentum for oil if you check my previews update WTI still trending on that renege look...

Fx-jomic

U.S. West Texas Intermediate crude oil futures closed higher on Thursday in a lackluster, but two-sided trade. The market traded mostly lower early in the day on concerns about a new variant of COVID-19, but rebounded at the mid-session after a trade deal was reached between Britain and the European Union, bolstering the global economic outlook.Britain clinched a...

Fx-jomic

Oil prices have been on the rise the past two weeks on positive vaccine news and hopes for a rebound in demand once vaccinations started on a large scale However, earlier this week, oil reversed its climb on the news about a new, more virulent variant of the coronavirus infecting thousands in the UK and prompting new travel restrictions in Europe and other...

Fx-jomic

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Wednesday after an industry report showed an unexpected rise in U.S. crude oil stockpiles. President Trump also shook up traders a little when he threatened not to sign the long-awaited U.S. COVID-19 relief bill, but they have since shrugged off the news....

Fx-jomic

Despite the vaccination rollout, there is fear that the current wave of lockdowns and restrictions will continue to inflict more damage on fuel demand. London stepped up restrictions requiring bars and restaurants to close, as COVID-19 infection rates continued to rise sharply in the U.K., which will dent fuel demand in the near term. CNBC said that “further...

Fx-jomic

ETH found double support at $582 and $575 now wait the hourly candle to close above its 50MA , there is great chance we can test on the resistance level, look for buying opportunities if the price successfully manages to close above the 50MA,thtas the validity of this idea

Fx-jomic

pound is very volatile today session,Unemployment Rate become less than expected to grow from 4.8% in September to 4.9% in October Traders are also keeping an aye on Brexit updates. At this point, it is not clear whether UK and EU made any progress in negotiations so the British pound will likely remain volatile. look for buying opportunities on GBP USD if the...