Blackwell Global

Key Points: Saudi Arabia signals potential extension to production cuts. Price action being pushed to the update by geopolitical risk. Medium term outlook remains unchanged despite recent rally. Crude...

Key Points: USD/JPY likely to retain its bullish predisposition. RSI Oscillator bounces from oversold levels. Watch for a retracement back towards the 100-day MA in the coming week. The USD/JPY...

Key Points: Following last week’s price action, another major slip could be seen this week. Technical and fundamental bias seems to be in line. We could see the 0.6861 level tested. The NZD...

Key Points: Double top formation could see a large decline over the coming weeks. Parabolic SAR remains highly bearish. The neckline of the pattern is now very much in sight. The Aussie dollar seems...

Key Points: Near-term slip is forecasted if the current resistance level holds firm. Technical bias is near-term bearish but long-term bullish. Fundamentals should inspire a rally after the forecasted...

Key Points: Kiwi Dollar depreciating strongly against the Japanese Yen. RSI Oscillator close to oversold levels. Watch for a bounce to breakout of the bearish channel in the days ahead. The past few...

Key Points: Libyan “Force Majeure” event ceases. Russia meets around 66% of their pledged production cuts. Medium term outlook on oil remains unchanged with Q2 estimate of...

Key Points: Long-term ABC wave could carry the pair substantially lower. MACD signal line hinting at a continuation of the long-term downtrend. Current support could present a challenge to this...

Key Points: The pair should be readying to reverse in the coming sessions. Falling wedge and double bottom structures remain in play. MACD crossover suggestive of a change in medium-term trend. The...

Key Points: Price action holding up due to poor U.S. bond yields and a leaky equity market. Draghi’s pending speech will be one of the key events ahead. Watch for a further breakdown as...

Key Points: Cable buoyant as market looks past Brexit risk. Inflationary pressures rising with the UK. Watch for a break of resistance around 1.2569. The cable had a relatively historic week with the...

Key Points: Technical bias remains bullish despite a rather torrid week. Descending trend line could now be challenged moving ahead. RBA in focus as the Cash Rate is set to be announced. The AUD/USD...

Key Points: Near-term rally now in jeopardy as the 100 day EMA draws nearer. Overarching bullishness could see the 51.55 handle tested moving ahead. OPEC still worth keeping an eye on. Oil prices are...

Key Points: Near to medium-term ranging phase now likely. Slip to the downside expected eventually. Fundamental and technical bias in agreement. The USD/CHF looks ready to enter a ranging phase moving...

Key Points: The descending trend line should see the long-term downtrend resume. Corrective ABC looks to have been completed. Brexit fears should begin to weigh on the EUR. The euro’s recent...

Key Points: Price action trading within a constricting wedge. RSI oscillator trending higher. EUR/GBP likely to retrace to top of current range. The euro-pound pair has been trapped by a tightening...