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Natural Gas Prices Dip to $2.4 After EIA Report Surprise

NATGAS dipped as reports show a surplus in the Natural Gas reserves and a warmer weather forecast for November. 

The stochastic is oversold, which could cause the Natural Gas price to target $2.56. A dip below the 50-SMA invalidated the bullish outlook. 

Article: https://fxnews.me/natural-gas-prices-dip-to-2-4-after-eia-report-surprise/

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Watch Silver as It Approaches $30.7 Resistance

Silver remains oversold but is nearing the $30.7 resistance level, gaining upward momentum as indicated by the Stochastic's move out of the oversold territory.

The trend outlook will stay bearish as long as silver prices remain below the October 17 low of $31.35. Should silver close above the immediate resistance at $30.76, it might aim to test the 50-period simple moving average as its next resistance.

Article: https://fxnews.me/silver-bear-market-shows-signs-of-recovery-around-30/

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NZD/USD Downtrend Deepens Past August Lows

NZD/USD falls below the 100-SMA, breaching August lows. The bearish trend continues, with resistance at $0.581, targeting the October low at $0.577.

Article: https://fxnews.me/nzdusd-dips-despite-strong-economic-data/

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USD/JPY Potential Rise to 161.9 on Breakout

USD/JPY could initiate a bullish run toward 161.9 if it stabilizes above the 157.5 resistance level. Watch for potential gains.

Article: https://fxnews.me/usdjpy-to-155-as-boj-signals-gradual-rate-hikes/

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Gold Nears Key Fibonacci as Fed Rate Cut Odds Dip

Gold is about to test the 38.2% Fibonacci retracement level, while Stochastic Signals are overbought. The chance of a 0.25% Fed rate cut has fallen below 59%. 

The gold's downtrend is valid if the prices are below %50 Fibonacci. 

Article: https://fxnews.me/gold-hits-2620-as-investors-eye-fed-moves/
 

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XRP Hits $1.3 High Thanks to U.S. Policy and Legal Action

XRPUSD-2024-11-20-01-39-05.png

XRP reached a new high of $1.3, driven by Donald Trump's crypto-friendly policy and lawsuits against the SEC by 18 U.S. states. The market outlook with the next target at $2.0 remains valid as long as XRP holds above the $0.785 support. 

Article: https://fxnews.me/xrp-hits-1-3-high-thanks-to-u-s-policy-and-legal-action/

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Oil Prices Stable $69 as Geopolitical Risks Soar

WTI crude oil remains above $66 as geopolitical risks increase following Ukraine's missile strike and changes in Russia's nuclear stance. If $69.7 resistance holds as Stochastic signals overbought, a consolidation phase toward $68.3 could be on the horizon. 

Article: https://fxnews.me/oil-prices-stable-69-as-geopolitical-risks-soar/

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GBP/JPY Faces Bearish Pressures Below Key Levels

GBPJPY-2024-11-20-03-48-48.png

The GBPJPY pair remains bearish below the October 23 low of 198.4. If prices fall below the 196.7 support, the next target is September's low of 195.4. A move above 198.45 would negate this bearish outlook.

Article: https://fxnews.me/gains-in-ftse-100-halted-the-gbpjpy-bearish-trend/

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