GKFX sees $40-$50 as a safe area for Oil

James Hughes, Chief Market Analyst at GKFX sees oil ranging between $40-$50 levels. He supports his argument with technical and fundamental pointers.

The area around the 200-DMA line has acted as a strong support zone in the past. On the last two occasions, prices staged a solid rebound from the near 200-DMA line. Will prices see a similar recovery this time? Watch Hughes detail the technical factors currently in play in the oil market.

Also discussed is the outlook for EUR/USD and GBP/USD.

The key point to note - Pound likes Brexit clarity

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