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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, 09 November 2016 10:22

Will Brent Test the 23.6% Fibo Level?

Written by
Published in Commodites & Metals

Brent crude oil plunged 193 points during the U.S. voting overnight. The oil is moving in a downward move since October following the strong rebound on the $54.00 psychological resistance level, however, now may start a correction to the upside. Currently, the price is in the process of recovering its losses and is trading near the $46.47 price level. Moreover, the 23.6% Fibonacci retracement level (high October 10 and low November 9) is a strong resistance level for the bears and the price seems ready to test it in the next few hours. A penetration of the latter level it will open the door for the $48.50 barrier which is slightly above the 38.2% Fibonacci level.

Technical indicators seem to be in agreement with the bullish thought since both are rising. The RSI indicator is approaching the 50 level with strong momentum while the MACD indicator holds above its trigger line.

BrentCrudeH4091116.png

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Monday, 07 November 2016 09:41

Gold is Challenging the SMAs

Written by
Published in Commodites & Metals

The yellow metal surged more than 2.2% during last week and broke the rising sloping channel to the upside. The XAU/USD pair created the fourth green day in a row and following the strong pullback on the $1,308 resistance level, it is now trading near the $1,288 price level.

The technical structure suggests further downside move until the $1,284 strong barrier which overlaps with the 50-SMA and 200-SMA which are ready to create a bullish crossover. Over the last few hours the precious metal is consolidating within $1,308 and $1,284, so our expectation is a rebound on the latter level. Alternatively, a penetration of the $1,284 it will open the way for a test of the $1,273 support level. The MACD oscillator is endorsing the bearish attitude, however, is still moving in a positive territory.

XAUUSDH4071116.png

Tuesday, 01 November 2016 09:00

WTI Plummeted Nearly 4%

Written by
Published in Commodites & Metals

The West Texas Intermediate (WTI) plummeted nearly 4% yesterday below $47.00 a barrel. Investors remain nervous about next month’s OPEC announcement as a non-OPEC oil producing countries continue to clash. The oil recorded the third red day in a row and plunged below the 50-daily SMA and the 200-SMA on the 4-hour chart. The oil had a pullback on the $46.90 support level which is slightly

...
Monday, 31 October 2016 10:28

WTI Booked Profit at 48.60!

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Published in Commodites & Metals

The West Texas Intermediate (WTI) recorded a fresh 2-week low at $48.46 following the strong pullback from the $51.10 resistance level. The oil recorded the first negative week after five consecutive green weekly sessions.

The technical structure suggests upside potential move after the rebound on the 200-SMA on the 4-hour chart. The oil reached our suggested target at $48.60 and had

...
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

...
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

...
Monday, 24 October 2016 07:30

Gold Has More Room to Fall

Written by
Published in Commodites & Metals
Wednesday, 19 October 2016 07:37

WTI Crude Oil Is Fueled Up!

Written by
Published in Commodites & Metals
Monday, 17 October 2016 09:07

Gold is Moving in a Consolidation Area

Written by
Published in Commodites & Metals
Tuesday, 11 October 2016 06:42

Gold Has More Room to Fall

Written by
Published in Commodites & Metals

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