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GKFX sees $40-$50 as a safe area for Oil
Manage episode 174935007 series 1339323
James Hughes, Chief Market Analyst at GKFX sees oil ranging between $40-$50 levels. He supports his argument with technical and fundamental pointers.
The area around the 200-DMA line has acted as a strong support zone in the past. On the last two occasions, prices staged a solid rebound from the near 200-DMA line. Will prices see a similar recovery this time? Watch Hughes detail the technical factors currently in play in the oil market.
Also discussed is the outlook for EUR/USD and GBP/USD.
The key point to note - Pound likes Brexit clarity
#oil, #WTI, #Brent, #EUR/USD, #GBP/USD, #forex, #currencies, #trading, #markets, #technicals, #fundamentals, #macro, #UK, #US
2340 episodes
Manage episode 174935007 series 1339323
James Hughes, Chief Market Analyst at GKFX sees oil ranging between $40-$50 levels. He supports his argument with technical and fundamental pointers.
The area around the 200-DMA line has acted as a strong support zone in the past. On the last two occasions, prices staged a solid rebound from the near 200-DMA line. Will prices see a similar recovery this time? Watch Hughes detail the technical factors currently in play in the oil market.
Also discussed is the outlook for EUR/USD and GBP/USD.
The key point to note - Pound likes Brexit clarity
#oil, #WTI, #Brent, #EUR/USD, #GBP/USD, #forex, #currencies, #trading, #markets, #technicals, #fundamentals, #macro, #UK, #US
2340 episodes
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