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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, 26 October 2016 08:18

WTI Recorded a Fresh 2-Week Low

Written by
Published in Commodites & Metals

The West Texas Intermediate (WTI) recorded a fresh 2-week low at $49.37 following the strong pullback from the $51.10 resistance level. The oil is creating the first negative week after five consecutive green weekly sessions as the worries for global supply glut fired following a report showing a surge in U.S. crude stocks. API Weekly Crude Oil stock jumped to 4.8M from a deficit of 3.8M before.

On the short-term timeframe, the price was moving within a rising channel which was violated to the downside during yesterday's session. The technical structure suggests bearish move as it is developing below the strong resistance level at $49.75. The price is moving towards the $48.60 support level and there are no obstacles until the latter barrier. In addition, the oil is developing below the 50-SMA and the 100-SMA while the technical indicators hold near the oversold areas. The MACD oscillator lies below the zero line with strong momentum whilst the RSI indicator lies near the 30 level.

WTICrudeH4261016

Tuesday, 25 October 2016 06:53

WTI Reached Our Suggested First Target!

Written by
Published in Commodites & Metals

The West Texas Intermediate (WTI) recorded a fresh 4-month high at $52.25 and had a strong pullback on that level. The oil is creating the third consecutive green month and on the short-term timeframe, the price is establishing within a rising channel.

During yesterday the oil penetrated the ascending trend line to the downside and reached our suggested target at $50.30 (see our analysis here: http://bit.ly/2eq1h28). Also, the price slipped below the latter level and met the $49.75 support level. Currently, the price continues developing within the channel and is approaching our second target at $51.10 resistance obstacle. On the 1-hour chart, the three SMAs (50-SMA, 100-SMA and 200-SMA) are sloping upwards while the technical indicators hold within the positive territory. The MACD oscillator is near the zero line whilst the RSI indicator is following a bullish area.

WTICrudeH1251016.png

Monday, 24 October 2016 07:30

Gold Has More Room to Fall

Written by
Published in Commodites & Metals

The yellow metal rose more than 1.2% over the last week after the aggressive sell-off of the penetration of the descending trend line and the strong barrier at $1,306. The XAU/USD pair is moving in a downward move since July after the pullback from the $1.374 resistance level.

From a technical point of view, over the last week the pair bounced off the 200-weekly SMA which overlaps

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Wednesday, 19 October 2016 07:37

WTI Crude Oil Is Fueled Up!

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Published in Commodites & Metals

The WTI Crude oil is still looking bullish over the short-term, despite the slightly negative start to the day. On the 4-hour chart, the WTI continues to be confined within a pennant pattern, which is a continuation pattern of the uptrend from mid-September. The price is nearing the apex of the pattern and a breakout is expected anytime soon. There are strong expectations for an upside move,

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Monday, 17 October 2016 09:07

Gold is Moving in a Consolidation Area

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Published in Commodites & Metals

The yellow metal plunged more than 4% following the aggressive sell-off from the $1,341 resistance level. The XAU/USD pair is moving within a trading range over the last ten days between the $1,248 support level and the $1,265 barrier.

The metal is trading quietly during the last sessions and now is ready to retest the 50-SMA on the 4-hour chart. If there is a break of the upper band

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Tuesday, 11 October 2016 06:42

Gold Has More Room to Fall

Written by
Published in Commodites & Metals

The precious metal plunged more than 6% after the aggressive sell-off from the $1.341 resistance level. The XAU/USD pair broke to the downside the descending trend line which was holding over the last three months and the descending triangle.

From the technical point of view, the metal is currently trading near the $1,257 price level after the rebound in the $1,240 - $1,250 strong

...
Tuesday, 11 October 2016 06:25

WTI Rose and Reached Our Target at $51.10

Written by
Published in Commodites & Metals
Friday, 07 October 2016 06:47

Gold Profit Booked at $1,250

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Published in Commodites & Metals
Wednesday, 05 October 2016 07:36

Metals on a Free Fall – Profit Locked!

Written by
Published in Commodites & Metals
Monday, 03 October 2016 08:23

WTI Surged 14% the Last Two Months

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Published in Commodites & Metals

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