Blogs

<p>Pivot</p> <p>&nbsp;(invalidation): 1.4110 </p> <p>Our preference</p> <p>Long positions above 1.4110 with targets at 1.4185 &amp; 1.4220 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 0.9680 </p> <p>Our preference</p> <p>Long positions above 0.9680 with targets at 0.9725 &amp; 0.9740 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 107.80 </p> <p>Our preference</p> <p>Short positions below 107.80 with targets at 107.30 &amp; 107.15 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1.2445 </p> <p>Our preference</p> <p>Short positions below 1.2445 with targets at 1.2380 &amp; 1.2340 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1.0860 </p> <p>Our preference</p> <p>Short positions below 1.0860 with targets at 1.0810 &amp; 1.0790 in extension.</p> <p>Alternative scenario</p>

<p>Monday’s historic crash in crude oil dragged prices into negative territory for the first time in history. Previously thought to be impossible, the May contract for West Texas Intermediate (WTI) Oil futures closed at a mind-boggling -37.63 a barrel. How Can Price Go Negative? Oil futures contracts oblige holders to take physical delivery w

<h2>Trump Causes Further Controversy</h2> <p>President’s Trump’s handling of the COVID-19 crisis continues to draw criticism this week. Following on from the President announcing last week that he will be cancelling US funding for the WHO, Trump has now announced that he is signing an executive order which will temporarily ban all

<h2><span>Chart of the Day WTI Crude Oil</span></h2> <p><strong>WTI Crude Oil – Probable Price Path</strong></p> <p><span>Volatile oil prices were seen overnight, with the soon expiring May delivery contract plunging below zero for the first time to -$37.63 per barrel amid concerns t

<h2>Equities Recovery Weakens</h2> <p>Equities prices have taken a dip this week as the fundamental backdrop has shifted once again. Following some initial upside momentum in the wake of a wave of actions by G10 central banks the recovery has now stalled with most global indices retracing recent gains this week.</p> <p>

<p><b>The market remains risk-off amid the shock of WTI turning negative overnight.</b><span> Asian stocks edged lower in Tuesday morning for a second day. South Korea stocks and the won slide after CNN reported that North Korea is in grave danger after surgery. U.S. Treasuries were little changed. The euro held steady as ca