As we can see that from today's performance of GOLD which is likely to decline soon by making its high of the day at 1788.75, I believe that this decline will lead to back at initially 1695 if not sustain this level then further decline to 1672.
Lets see how this turns....
We have seen that a massive upsurge in the oil prices in last trading session where oil has gained more than $5/bbl to touch highest level of $27.39/bbl, however this momentum was not sustainable and plummet from highest level to currently trading at $24.06/bbl 11:02AM (Pakistani Time). Therefore, this came to in a choppy session which force it to oscillate in...
In our view, Facebook will likely to test soon short term resistance in range of $169 - 170 in this week, therefore keeping an eye on this stock once show some sign of weakness then immediately close your position.
We analyze the NIFTY index, where we have seen that breakout from the uptrend and substantial decline due to ongoing situation of #Coronavirus outbreak and country-wide lockdown brings more uncertainty going forward which dent on investors confidence. Therefore more likely chances to touch 6,000 - 6,200 level soon.
#Dow30 is touching its weekly support last tested this level on 24th Dec'18. More risky now - Oil war likely to fade out the gains and put USA economy into severe crises simultaneously Pandemic Coronavirus spreading across the USA where reported number of deaths reached at 38
#Crude_Oil crashes once again after touching recent high of 36.28 and now trading at 33.42 due to news came into market related to production hike by 1mn bpd by #Aramco #Saudia #Arabia
#USA #Dow30 #Russia #OPEC #Non_OPEC #US_Shale
Oil is in crucial level
After additional cut-down in the production announcement by OPEC oil is still struggling due to outbreak #Coronavirus become a serious concerns for the global economies which reduces the oil demand on the other hand supply cut is not sufficient enough to absorb the impact. Therefore we believe that if oil sustain 46.23 level then it would...