KTM Commodity Weekly: Cautious optimism
The Brent crude oil price struck in a narrow range, and this week is also unlikely to feature any significant moves. The oil price is now testing a key resistance level at $63.25, its 200EA. […]
The Brent crude oil price struck in a narrow range, and this week is also unlikely to feature any significant moves. The oil price is now testing a key resistance level at $63.25, its 200EA. […]
The euro cross may hover around 0.8500 with the likelihood of further weakness. EURGBP is likely to remain lower for the fourth straight month, and we continue to favor being cautiously optimistic. The 0.8470 level […]
The common currency failed to breach above the triple top pattern and retraced to the psychological 1.10 levels. It formed a triple top pattern, indicating range bound action into the month-end. Ongoing trade owes: The near-term […]
With the lack of any major positive triggers on the US-China trade deal, we continue to maintain a cautious stance on the Crude oil price. The oil market started the week on a negative note […]
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