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GKFX sees $40-$50 as a safe area for Oil

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Manage episode 174935007 series 1339323
Content provided by Audioboom and TipTV Business. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Audioboom and TipTV Business or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

  continue reading

2340 episodes

Artwork
iconShare
 
Manage episode 174935007 series 1339323
Content provided by Audioboom and TipTV Business. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Audioboom and TipTV Business or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

  continue reading

2340 episodes

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