layer1-background
Don't ask why - just push the button
when you see the trading setup...
Christian KÄMMERERHead of German Speaking Markets
layer1-background
Research is to see what everybody else has seen,
and to think what nobody else has thought.
- Albert Szent-Gyorgyi
Barbara NICODEMOUMarket Analyst
layer1-background
Research is creating new knowledge.
- Neil Armstrong
Melina DELTASJunior Market Analyst
Tuesday, 21 February 2017 08:08

WTI Still Trading in a Sideways Channel

Published in Commodites & Metals

Oil prices rose on Monday but the gains were limited. The Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, agreed last year to cut output almost 1.8 million barrels per day during the first half of 2017. The West Texas Intermediate crude oil remained unchanged for more than 10 weeks and is developing within a sideways channel with upper band $54.70 and lower band $51.47.

On a long-term basis, WTI is developing within an ascending move since April 2016 and our expectation is a further upside movement, if the price surpasses the referred upper boundary. The price is trading above the three SMAs on the daily chart while over the last week surpassed the 50-SMA. Technical indicators are following a positive path, however, with no clear directional strength. The RSI indicator is sloping slightly higher and MACD oscillator is holding in a neutral area with weak momentum.

WTICrudeDaily210217.png

Published in Daily Market Report

BoE Governor Carney and Markit PMIs will be the big events of the day that will determine market trend’s while U.S. dollar traders remain in focus of the FOMC minutes tomorrow. Greenback rose on Monday despite the U.S. public holiday but euro is under pressure due to political worries. Meanwhile, pound rises as GBP traders expect Brexit and approve for Article 50 triggering.

Friday, 10 February 2017 09:20

WTI Rises as it Jumped Above 50-daily SMA

Published in Commodites & Metals

Oil prices remained virtually unchanged early this morning while OPEC-led production cuts supported the market. The West Texas Intermediate (WTI) Crude Oil printed the second consecutive positive day and jumped more than 3% since Wednesday. WTI is developing within an ascending move since April 2016, however, over the last eight weeks, is consolidating within a trading range with upper boundary the $54.70 resistance level and lower boundary the $51.47 support barrier.

Currently, the price surpassed above the 50-daily SMA and is approaching the aforementioned upper band while it recorded the second green day in a row. For the long-term traders, as it stands, if the bulls are strong enough to push the oil further up, we would expect an extension towards the $55.70 barrier, a level tested on January 3rd and an 18-month high. A failure to retest the latter level should prompt a drop towards the $51.47 support handle, where a battle is expected by both market forces. In addition, technical indicators seem to be in contrast. The RSI indicator rose above the 50 level after the rebound in the negative area while MACD is falling, however, is still holding above the zero line.

WTICrudeDaily100217.png

Monday, 30 January 2017 09:40

WTI is Moving Sideways for 7 Weeks

Published in Commodites & Metals

The West Texas Intermediate (WTI) is developing within an ascending move since April 2016 however, over the last seven weeks, is consolidating within a trading range with upper boundary the $55.25 resistance level and lower boundary the $51.47 support barrier.

Currently, the price is testing the 50-daily SMA while it is trading above it since the end of November. For the long-term traders, as it stands, if the bulls are strong enough to push the oil further up, we would expect an extension towards the $55.70 barrier, a level tested on January 3rd and is the 18-month high. A failure to retest the latter level should prompt a move lower towards the $51.47 support handle, where a battle is expected by both market forces. For the short-term traders, now, we expect a further upside movement until the $54.30 resistance level while the 50-weekly SMA crossed the 100-SMA to the upside which indicates a bullish signal. Additionally, on the daily chart, technical indicators are flattening near its mid-levels with some weak momentum.

WTICrudeDaily300117.png

Thursday, 19 January 2017 08:42

WTI is Falling Towards the $51.47 Level

Published in Commodites & Metals

WTI crude oil dropped on Wednesday more than 2.5% following the rebound on the $54.30 resistance level. The aggressive sell-off will move the oil towards the $51.47 support barrier but it needs to go through the 50-daily SMA which behaves as a good support. Momentum has turned negative as the MACD indicator is headed lower and is holding slightly above the zero line at the moment. In the next few sessions, we are waiting for the indicator to slip below its mid-level. The Relative Strength Index (RSI) entered the bearish territory while the Stochastic oscillator is falling and is approaching the oversold area.

WTICrudeDaily190117.png

Friday, 13 January 2017 08:23

WTI Crude Oil Target Locked at $52.65

Published in Commodites & Metals

The West Texas Intermediate (WTI) crude oil created the second positive day in a row following the rebound on the $51.35 barrier which overlaps with the 50-daily SMA, a level that hit it after it slipped below our suggested target at $52.65 (see technical analysis here: http://bit.ly/2jKRtTX). Currently, the oil is trading higher and is moving towards the $55.25 - $55.70 resistance zone while the technical indicators seem to be in contrary with the price. The RSI indicator is sloping downwards, however, it still lies above 50 level. Furthermore, the MACD oscillator is falling within the positive territory. If there is no change on the indicators in the next few session, then a correction to the downside is possible as a negative divergence has been observed on MACD.

WTICrudeDaily130117.png

Published in Daily Market Report

Greenback expects Trump’s inauguration next week when potentially he will reveal his infrastructure plans. Though dollar's weakness pushed USD/JPY at a 5-week low and gold above $1,200. Sterling plunges after the announcement that U.K. PM May will give a speech next week on Brexit.

Wednesday, 11 January 2017 13:23

WTI Crude Oil Develops Flag Formation

Published in Commodites & Metals

The tendency in the WTI crude oil is still downtrend and perhaps the market participants have already started to pay more attention to the issues and rumors related with oversupply. WTI is forming technical “flag” formation and a break below $51.55 per barrel will confirm the model. In the short-term period, we expect that the downtrend will continue accelerating and potentially the levels from current market price may offer good opportunities for new sales with initial target at $50.70. In the next few days, we may even see more decrease towards $50.00 per barrel. However, the down way movement may be not with such clean movement, but with a lot of market noise and sharp movements.

The price is below the 50, 100 and 200 SMA which is a strong signal for a new possible decline. MACD is below zero line and shows a signal for divergence, but in order to be more significant would be good to have additional confirmation. RSI rebounded from 50 level and declined down to 41.32 signaling for new possible sell-offs. On the other hand, an alternative scenario is WTI to keep trading in strong downtrend channel and only a price breaking over $55.10 per barrel may bring some bullish momentum and sentiment directed towards the key level $56.60.

WTICrudeH1_11012017.png

Page 1 of 15

Risk Disclosure

Trading Foreign Exchange and Contracts for Difference (CFDs) is highly speculative and may not be suitable for all investors. Please ensure that you fully understand the risks involved.

Risk Disclosure

Risk Warning:

Trading Foreign Exchange and Contracts for Difference (CFDs) is highly speculative and may not be suitable for all investors. JFD Brokers offers trading on margin. The leverage created by trading on margin can work against you as well as for you. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. JFD Brokers assumes no liability for errors, inaccuracies, or omissions of the herein presented material. JFD Brokers does not guarantee the accuracy or completeness of the information, text, graphics, links or other information contained in this document.Seek independent advice if necessary and review our Risk Disclosure and Privacy Disclosure before opening an account. Copyright © 2012 JFD Brokers Ltd.
 
JFD Brokers Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission - CySEC (Licence number: 150/11) and is a Member of the Investor Compensation Fund (ICF). JFD Brokers Ltd. is registered with the German Federal Financial Supervisory Authority - Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) (Registration number: 126399), the British Financial Conduct Authority - FCA (Registration number: 580193), the French Autorité de Contrôle Prudentiel et de Résolution - ACPR (Registration number 74013) and is MiFID compliant under the Investment Services and Regulated Market Law of 2007 (Law number: 144(I)/2007). JFD Brokers Ltd. is licenced to provide the investment services of Agency Only Execution (i.e. reception and transmission of orders, execution of orders on behalf of clients) and Portfolio Management in relation to Transferable Securities, Options, Futures, SWAPS, Forward Rate Agreements, Financial Contracts for Differences (CFD) and other Derivatives. JFD Brokers Ltd. is also licenced to provide the ancillary service of Safekeeping and Administration of Financial Instruments.
www.jfdbrokers.com is owned and operated by JFD Brokers Ltd., Cyprus.
 
Unsupported Browser!

We have detected that you are using Internet Explorer 7, a browser version that is not supported by this website. Internet Explorer 7 was released in October of 2006, and the latest version of IE7 was released in October of 2007. It is no longer supported by Microsoft.

Continuing to run IE7 leaves you open to any and all security vulnerabilities discovered since that date. In 26 February 2013, Microsoft released version 10 of Internet Explorer that, in addition to providing greater security, is faster and more standards compliant than versions 7, 8, and 9 that came before it.

We suggest installing the latest version of Internet Explorer, or the latest version of these other popular browsers: Firefox, Google Chrome, Safari