Bearish Preference: Sell position is envisaged if price trades below 62.78 with take profit at 61.65
Bullish Preference: Buy position is envisaged if price trades above 63.78 with take profit at 64.81
No major economic data with bearing on the commodity
Comment: Black gold is envisaged to continue its bullish run after gaping up on opening for this week's session. The roll-out of COVID-19 vaccines and tensions in the middle east is expected to spur liquid gold higher. The increased inoculation level across the world has boosted optimism as the market looks forward to the $1.9 trillion package from President Biden.
Preference: Sell position is envisaged if price trades below 14073.9 with take profit at 14046.4
Alternative Scenario: Buy position is envisaged if price trades above 14152.4 with a take profit at 14177.3
No major fundamentals
Comments: DE30 stock indexes closed higher on Friday on lacklustre trading ahead of the long U.S. holiday weekend. Opening today on a Gap-up Despite the relatively light volume caused by the sentiments that stocks have reached its max, there were enough buyers to push the stocks highs. We expect the stock to cover up the Gap today.
Preference: Buy position is envisaged if price trades above price1.21443 with take profit at 1.21526
Alternative Scenario: Sell position is envisaged if price trades below 1.21275 with a take profit at 1.21162
Eurogroup Meetings (EUR) All Day
Comments: It’s a relatively busy day ahead on the EUR economic calendar. Key stats include December industrial production and trade data for the Eurozone. Following some disappointing industrial production figures from member states, we can expect plenty of interest in the numbers. Trade data will need to provide support, however, as the Eurozone continues to struggle amidst COVID-19 containment measures.
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.
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..
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.
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