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Don't ask why - just push the button
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
Wednesday, 23 November 2016 09:06

WTI Reached the Suggested Target

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Published in Commodites & Metals

The West Texas Intermediate (WTI) rose and surpassed our suggested target at $48.45 following the strong bounce off the $45.20 support level (see technical analysis here: http://bit.ly/2gk6g3t). Over Tuesday, the oil plunged within the $47.15 - $47.60 support zone, however, now is moving slightly above the 50-daily SMA and the 200-SMA on the 4-hour chart while it surged above the 100-weekly SMA. The MACD oscillator is following a positive path while it is moving below its trigger line. The Relative Strength Index (RSI) fell below the 70 level but is still in a bullish territory. The next level to watch is the $49.30 resistance level or moreover the $50.30 barrier.

WTICrudeH4231116.png

Tuesday, 22 November 2016 08:32

Gold Plunged More than 5% the Last 2 Weeks

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Published in Commodites & Metals

The precious metal plunged more than 5% over the last two weeks and recorded the second consecutive negative week after the strong rebound on the $1,338 resistance level. The XAU/USD pair printed a fresh 5-month low at $1,203 and overlapped with the 100-weekly SMA. The technical structure suggests a correction to the upside since the pair failed to slip below the latter obstacle. On the other side, if the yellow metal slip below the $1,200 strong obstacle will meet the next handle at $1,114. The next level to watch is a retest of the $1,200 strong obstacle and then back to $1,233 resistance level. In addition, the Relative Strength Index (RSI) is following a downward path near 30, while the MACD oscillator is rising and is moving into a negative territory, on the 4-hour chart.

XAUUSDH4221116.png

Monday, 21 November 2016 10:02

Will WTI Test the 50% Fibonacci Level?

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Published in Commodites & Metals

Oil prices rose by 1% today as OPEC moved closer to an output cut to rein in oversupply that has pressured prices for over two years. The West Texas Intermediate (WTI) jumped to $47.28 price level following the strong pullback from the $42.90 support level.

The price is trading towards the $47.60 resistance barrier which coincides with the 50% Fibonacci retracement level of the last

...
Wednesday, 16 November 2016 09:06

WTI Surged and Hit Our Target at $46.40!

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Published in Commodites & Metals

Crude oil prices surged once more on Tuesday adding more than 5% in a single day on optimism that OPEC will renew efforts to make a deal on cutting oil output to face the persistent global glut. Crude inventories climbed by 3.6 million barrels to 488.8 million barrels in the week ended Nov. 11, according to the API report, compared with analysts’ expectations for an increase of 1.5 million

...
Tuesday, 15 November 2016 12:56

WTI Target Locked at $45.20

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Published in Commodites & Metals

The West Texas Intermediate (WTI) prices jumped more than 3% today, bouncing back from the three-month low at $43.10 on expectations that OPEC will agree later this month to cut production to reduce a supply glut. Oil producers in the OPEC are due to meet later this month to agree to limit output. An outline deal was reached in September but negotiations on the detail are proving difficult,

...
Monday, 14 November 2016 09:30

Gold Plummeted More Than 6% Last Week

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Published in Commodites & Metals

The XAU/USD pair plummeted more than 6% last week after the strong rebound on the $1,338 resistance level. The yellow metal recorded the first red week after three straight positive sessions and created a new four-month low at $1,213.

The technical structure suggests further downside movement on the daily chart, as the price is moving well below its moving averages and the technical

...
Wednesday, 09 November 2016 10:22

Will Brent Test the 23.6% Fibo Level?

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Published in Commodites & Metals
Monday, 07 November 2016 09:41

Gold is Challenging the SMAs

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Published in Commodites & Metals
Tuesday, 01 November 2016 09:00

WTI Plummeted Nearly 4%

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Published in Commodites & Metals
Monday, 31 October 2016 10:28

WTI Booked Profit at 48.60!

Written by
Published in Commodites & Metals

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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, and losses can exceed your entire investment. 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.
 
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