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James Hughes

GKFX sees $40-$50 as a safe area for Oil

James Hughes, Chief Market Analyst at GKFX sees oil ranging between $40-$50 levels. He supports his argument with technical and fundamental pointers. The area around the 200-DMA line has acted as a strong support zone in the past. On the last two occasions, prices staged […]

Craig Erlam

Cable could revisit 1.20 on hawkish Fed- Oanda

Craig Erlam, Senior Market Analyst for Oanda says the GBP/USD pair could revisit 1.20 levels if the Fed delivers 25 basis point rate hike and surprises with the hawkish dot plot chart – sequential rate hikes. For now, traders see 1.21 as the floor in […]

Clive Lambert

Has oil topped out? – FuturesTechs

Has oil topped out or is the current sell-off an opportunity to build fresh long? Clive Lambert, Director at FuturesTechs, says “yesterday we saw a big rejection of the bearish move – hammer candle”, but stresses the need for a bullish follow through to suggest […]