Market Review 23-05

Market Review 23-05

Oil Extends Losses on Rising U.S. Inventories and Trade Tension

Oil extended losses after a surprise jump in American crude inventories alleviated concerns over a supply crunch, while the demand outlook remained bleak as there was no let up in U.S.-China tensions.

Futures in New York fell as much as 1% after tumbling 2.7% on Wednesday, the biggest drop in almost three weeks. American stockpiles rose by 4.7 million barrels to the highest level since mid-2017 last week despite expectations for a drop, while fuel inventories also climbed

https://www.bloomberg.com/news/articles/2019-05-22/oil-beaten-down-on-rising-u-s-stockpiles-demand-concerns?srnd=markets-vp

Short positions below 61.30 with 60.30 & 60.00 as targets

Long position above 61.80 with 62.20 as target

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 60.00
0.5
€ 1,359.38
€ 2,718.75
€ 401.79
1
€ 2,718.75
€ 5,437.50
€ 803.57
5
€ 13,593.75
€ 27,187.50
€ 4,017.86
10
€ 27,187.50
€ 54,375.00
€ 8,035.71
20
€ 54,375.00
€ 108,750.00
€ 16,071.43

AUD/USD Forex Technical Analysis – Weakens Under .6864, Strengthens Over .6900

The Australian Dollar is drifting lower on Thursday as lingering U.S.-China trade fears continued to weigh on investor sentiment. Investors are also fearing heightened volatility and a “risk-off” trading session due to Brexit concerns, the start of European parliamentary elections and the release of key manufacturing and services data from the Euro Zone.

https://www.fxempire.com/forecasts/article/aud-usd-forex-technical-analysis-weakens-under-6864-strengthens-over-6900-575948

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 10.6770
1
€ 2,057.61
€ 4,115.23
€ 897.60
5
€ 10,288.07
€ 20,576.13
€ 4,488.00
10
€ 20,576.13
€ 41,152.26
€ 8,976.00
25
€ 51,440.33
€ 102,880.66
€ 22,440.00
50
€ 102,880.66
€ 205,761.32
€ 44,880.00

Short positions below 0.6900 with 0.6770 as target

Long position above 0.6900 with 0.6967 as target

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