Trading contracts for difference (CFDs related to commodities, forex, indices, and stocks) It carries a high level of risk and can result in the loss of all your investment. As such, CFDs may not be suitable for all investors. Before deciding to trade, you should be aware of all the risks associated with OTC CFD trading and seek advice from an appropriately licensed and independent financial advisor. Past performance is not a reliable indicator of future results. Forecasts are not a reliable indicator of future performance. General information and/or recommendations provided by the Company should not be construed as investment advice.
Although the index traded sideways in yesterday’s trading, it managed to break 104.06 levels, and if stability is above it, we expect more rises to 104.32 levels, then 104.55 levels.
XAU-USD
Gold managed to fall and break the support levels 1935.44, and if it stabilizes below it, we expect more declines until 1924.03 levels, then 1908.51 levels.
Brent Oil
Although Brent crude opened with a price gap at the beginning of yesterday’s trading, it fell and was able to bridge the price gap and was able to form a lower bottom near 77.36 levels, and therefore if it managed to break 76.15 levels, we expect a further drop to 75.09 levels.
EUR-USD
The pair is still in its downward trend, and therefore if it continues to fall and breaks 1.06878 levels, we expect more declines until 1.06480 levels, then 1.06265 levels
GBP-USD
Yesterday, the pair traded sideways below the resistance levels 1.23874, but the negative outlook still exists. If the price managed to break 1.23223 levels, we expect a drop to 1.22756 levels.
USD-CAD
The pair was able to complete the bearish correction of the last bullish wave from last week and was able to form a higher bottom at 1.35651 levels, and therefore we expect more rises to 1.36370 levels, then 1.36936 levels.
Dow Jones
Despite the opening of yesterday’s trading with a price gap, the Dow managed to close it and trade sideways below 33213 levels and the moving average 200 in the hourly time frame, and therefore we expect more declines until 32933 levels
