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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
Friday, 30 September 2016 07:36

WTI Hit its Highest Level Since August

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Published in Commodites & Metals

The West Texas Intermediate (WTI) created the second green day in a row and challenged the $48.65 resistance level. A first production cut in 8 years OPEC announced on Wednesday and highlights the frustration that oil nations feel about the 50% drop in crude prices over the last 2 years.

The oil recorded a fresh one-month high and broke the descending trend line which was holding since June to the upside. Currently, the price is moving below the falling trend line and is in progress to create a correction to the downside. The next level to watch is the $46.70 support level which overlaps with the 50-SMA on the 1-hour chart and the $44.35 where the price has to go through the three SMAs to challenge the latter level. Technical indicators on the 4-hour chart, are biased higher after entering the positive territory and turning neutral. The MACD oscillator is flattening in a positive territory while the RSI oscillator is following a positive path but is sloping downwards.

WTICrudeH4300916.png

Friday, 30 September 2016 07:35

Gold Profit Locked at $1,318!

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Published in Commodites & Metals

The yellow metal is still trading in a descending triangle over the daily chart, as it failed several times to break the falling trend line to the upside and the strong support level at the $1,306 to the downside. Over the last four days, the XAU/USD pair plunged more than 1.2% and recorded the fourth consecutive daily candle.

On our Wednesday’s analysis, we recommended an entry level at $1,325 price level and a first target at $1,318 where the price hit yesterday (see our analysis here: http://bit.ly/2dpkvEZ).

From the technical point of view, the precise metal now is moving slightly below the 100-daily SMA which seems to be a strong resistance for the bears while the 50-daily SMA coincides with the $1,333 barrier. Going to a lower timeframe, the 50-SMA had a bullish crossover with the 100-SMA and the 200-SMA so if the price surpasses the latter obstacles will expose to $1,333 resistance level. On the other hand, a rebound is possible on the three SMAs and the continuation of the downward movement. Technical indicators are rising and there are approaching their mid-levels.

XAUUSDH4300916.png

Wednesday, 28 September 2016 06:36

Gold Suggested Target Booked at $1,325!

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Published in Commodites & Metals

The yellow metal continues to be confined within a descending triangle over the last three months and during Monday’s session retested the falling trend line without managing to break above it. Over yesterday’s period, the XAU/USD pair plunged more than 0.8%, following the failed attempt above the aforementioned obstacle, which seems to be a strong resistance level for the bears. The price

...
Thursday, 22 September 2016 07:19

Gold is Moving in a Descending Triangle

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Published in Commodites & Metals

The precious metal continues to be confined within a symmetrical pattern. The XAU/USD pair yesterday had a rebound on the $1,306 price level and recorded the fourth consecutive positive candle. Also, the yellow metal surged more than 1.3% and now is trading between the aforementioned obstacle and the $1,341 price level.

The consolidation in this pair over the last couple of weeks,

...
Tuesday, 20 September 2016 05:56

Gold is Moving in a Symmetrical Triangle

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Published in Commodites & Metals

The precious metal continues to be confined within a symmetrical pattern. The XAU/USD pair is nearing the apex of the triangle and a breakout is expected anytime soon. The metal has finished the previous week lower -1.33% it started this week with a positive candle ahead of the FOMC meeting.

The consolidation in this pair over the last couple of weeks, which previously looked like a

...
Monday, 19 September 2016 05:07

WTI Bulls are Aiming at $45.60

Published in Commodites & Metals

The West Texas Intermediate (WTI) plunged 6.8% the previous week, however, during the Asian session it gained momentum and remained above the significant zone of $43.00 - $43.30. WTI is trading near $44.40 as inventory data has been mixed and energy prices are under pressure from a stronger U.S. dollar.

The Texas light sweet is expected to continue moving in a pattern ahead of the

...
Friday, 09 September 2016 08:32

XAU/USD Remained in Descending Triangle

Written by
Published in Commodites & Metals
Thursday, 08 September 2016 07:41

Gold: Profit Locked Once More; What is Next?

Written by
Published in Commodites & Metals
Wednesday, 07 September 2016 07:15

Gold Booked Profit at $1,341

Written by
Published in Commodites & Metals
Tuesday, 06 September 2016 07:04

Brent Crude Oil: Target Locked at $48.90

Written by
Published in Commodites & Metals

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