Analyst
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 51.62 with take profit at 52.19.
Alternative scenario: Sell position is envisaged if price trades below 50.78 with take profit at 50.00.
No major economic data with direct bearing on the commodity
Comment: The commodity is currently supported by the expectation of a further cut in supply by OPEC and its allies at the meetings scheduled for Thursday this week. President Vladimir Putin offered some words of support ahead of the meeting stating that his country is willing to support prices of the commodity.
Intraday: Bullish
Preference: Buy position is envisaged if price trades above 1.10730 with take profit at 1.10880.
Alternative scenario: Sell position is envisaged if price trades below 1.10310 with take profit at 1.09600.
ISM Manufacturing PMI (USD) 4 PM
Comment: The Greenback is currently under pressure as expectations of a rate cut by the US Federal Reserve Bank is dominating sentiments. The Fed Chair, Jerome Powell said on Friday that the bank will "act as appropriate" to support the economy in the face of COVID-19.
When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.
Kobi
I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..
Ebere Uzodinma
I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...
Oluwatuyi Timileyin Samuel
THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.
Oluwaseun Kayode
I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade
Adefuwa Ayodele