Buy BTCUSD, #Gazprom | 07 June 2019

Buy BTCUSD, #Gazprom


XAUUSD:


Gold was fixed above the psychological level of $1300. Geopolitical tensions between the USA and China are forcing investors to buy the precious metal. I expect the bullish gold trend to continue this week. The trade negotiations between the United States and China are at an impasse. D. trump has lost touch with reality and threatens Beijing. Eastern people don't like threats. The conflict between Washington and Beijing is gaining momentum! We are seeing panic in the stock markets. Investment funds sell high-yield assets and buy gold.


Trading recommendation: Buy 1300 and take profit 1312.


Buy BTCUSD, #Gazprom


BTCUSD:


Panic selling on global stock markets on the background of the growth of Bitcoin. Investors in the Asian region are actively buying crypto currencies. Bitcoin rose 62 percent in May! Geopolitical risks have a positive impact on the value of the most popular crypto currency in the world! The world's largest Central Banks plan to reduce interest rates 2019. Investors channel capital into assets that can generate good returns. The largest trading volume in the crypto currency segment takes place in Bitcoin. We expect the bullish trend to continue!


Trading recommendation: Buy 8040 and take profit 9004.


Buy BTCUSD, #Gazprom


#Gazprom:


Positive corporate news allows us to count on the continuation of the bullish trend. Net profit 1Q increased by 44% to $8.2B, on higher gas prices offset by lower gas export volumes. Volume of sold gas declined 13% and average prices rose 12% in US dollar terms.” Sales increased by 7% mainly due to an increase in sales of gas to Europe and other countries and sales of crude oil & gas condensate and refined products. Gazprom expects to keep gas exports to Europe and Turkey at last year’s level, exported 201.9bn cubic meters to the region last year.


Trading recommendation: Buy 210.56 and take profit 217.01.

 

David Johnson
Analyst of «FreshForex» company
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