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when you see the trading setup...
Christian KÄMMERERHead of German Speaking Markets
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Research is to see what everybody else has seen,
and to think what nobody else has thought.
- Albert Szent-Gyorgyi
Barbara NICODEMOUMarket Analyst
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Research is creating new knowledge.
- Neil Armstrong
Melina DELTASJunior Market Analyst
Tuesday, 21 February 2017 08:08

WTI Still Trading in a Sideways Channel

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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

Monday, 20 February 2017 09:13

Gold Created Douple Top at $1,245

Written by
Published in Commodites & Metals

The precious metal remained virtually unchanged over the last two weeks as it rose only 0.12%. On the weekly chart, the 200-SMA provided good resistance obstacle for the bulls as the XAU/USD pair failed for several times to surpass the $1,245 price level.

The gold is moving upwards since December after the pullback from the $1,122 price level. Over the last two weeks, the price created a double top at $1,245, so our expectation is a downward movement if there is a break of the $1,220 support barrier. The next level to watch is the 50-daily SMA which is moving near $1,197 and if the price slips below it, it will challenge the $1,180 support handle. Otherwise, we can see a strong run to the upside, if the yellow metal climbs above the aforementioned double top. Technical indicators are moving lower but are still in the positive path.

XAUUSDDaily200217.png

Friday, 17 February 2017 12:57

U.S. Cotton Extends Declines Below $75.00

Written by
Published in Commodites & Metals

U.S. Cotton futures with delivery in March 2017 keeps declining for the third consecutive day after breaking down of the uptrend line connecting the bottoms from the end of December, 2016 and the mid of January, 2017 and reaching the price of $74.30.  We expect that during the next days the price of the commodity to continue falling until the support level at $72.80. On the other hand, if the

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Tuesday, 14 February 2017 08:08

Brent in Trading Range the Last 11 Weeks

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Published in Commodites & Metals

The Brent Crude Oil plummeted more than 2% on Monday and is moving slightly above the 50-daily SMA. The oil is trading within a sideways channel that is holding over the last 11 weeks. The boundaries are the $57.60 to the upside and the $53.80 to the downside.

However, on a long-term basis, the Brent is developing in an ascending move since April 2016 and if the price has a rally to

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Monday, 13 February 2017 09:58

XAU/USD Slipped Below 50.0% Fibo Level

Written by
Published in Commodites & Metals

The yellow metal jumped more than 1.1% over last week’s session and found an obstacle on the $1,245 resistance barrier which coincides with the 50.0% Fibonacci retracement level of the downward significant move with high at $1,375 on 6th of July 2016 until the low at $1,122 on 15th of December 2016.

The XAU/USD pair is moving upwards since December and if the price surpasses the

...
Friday, 10 February 2017 09:20

WTI Rises as it Jumped Above 50-daily SMA

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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

...
Thursday, 09 February 2017 08:53

Gold Continues its Bullish Bias - Rose 7%

Written by
Published in Commodites & Metals
Wednesday, 08 February 2017 10:09

Brent is Still Trading in a Sideways Area

Written by
Published in Commodites & Metals
Monday, 06 February 2017 09:25

Silver is Moving Towards The Falling Line

Written by
Published in Commodites & Metals
Tuesday, 31 January 2017 08:49

Gold Climbed Above $1,200 Key Level

Written by
Published in Commodites & Metals
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