Elio_Le_111199

Elio_Le_111199

DOE crude oil inventories -2077K vs 3000K estimate as disclosed by weekly Department of Energy inventory data on 3 Jun 2020. It is the first time of the negative inventory level from the Covid19 pandemic. With the upcoming economic data released in US session on two last weekdays, we expect Crude oil July futures to retest the level of 38$ again, even break...

Elio_Le_111199

The EURUSD has been up for 7 consecutive days. During the run to the upside, the price has moved from a low on May 25 at 1.0869. We have a 50% Fibonacci pullback level of 1.11850. Preferred trade is to buy on dips. We look to Buy at 1.1185 ⛔️Stop: 1.1145 🎯Target1: 1.1305 🎯Target2: 1.1360

Elio_Le_111199

ADP job as at 3 Jun 2020 losses total -2.7M but is much better than expectations, make Gold Spot tumbled near -$30 on the day or -1.75% to $1697.70 as traders exited the safety of the precious metal. The Day high price extended to $1732.34. The Day low reached as low as $1689.56. Upcoming economic data on Thursday and Friday includes: Initial Jobless Claims, Non...

Elio_Le_111199

After breaking the level of 26,000 thanks to all favorable economic data from US session last Wednesday 3 Jun 2020, DJI has successfully broke 26,000 and gone to the 26,372. The stock market stay positive for upcoming economic data on Thursday and Friday, esp for Non-farm Payroll on this Friday, 5 Jun 2020. The long set up can be: We look to buy in the range of...