CRUDE OIL faces risk of further corrective upside pressure after bouncing off its key support at 50.50 the past week. Support lies at the 53.50 level where a break will expose the 53.00 level. A cut through here will set the stage for a run at the 52.50 level...
The latest updates on the front of the US – China trade dispute have again given safe haven JPY a boost as China appears willing to narrow down the scope of upcoming trade talks taking place on Thursday and Friday 10 – 11 October 2019 in Washington...
Economic data in Germany continues to deteriorate. Factory orders in Germany declined by -0.6% m/m in August, below the expectations for a -0.3%. The annual rate was nothing had much better rate falling to -6.7% from revised lower by -5.0% in July...
Pivot (invalidation): 11920.00 Our preference Long positions above 11920.00 with targets at 12060.00 & 12150.00 in extension. Alternative scenario...