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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
Tuesday, 11 October 2016 06:25

WTI Rose and Reached Our Target at $51.10

Written by
Published in Commodites & Metals

The West Texas Intermediate (WTI) recorded a fresh 4-month high and met the $52.00 resistance level on Monday after Russia and Iraq said that they are ready to restrict output to agreed limits. In September, members of Opec voted to cut production for the first time in eight years. Also, over the last two months, the oil surged more than 23% and is creating the third green month in a row.

Over yesterday’s session, the pair reached our suggested target at $51.10 after the aggressive roller coaster following the rebound on the $49.50 support barrier (see our technical analysis here: http://bit.ly/2e9WXWc).

Currently, the price is developing near the $51.65 price level after the pullback of the new high level. The price is still establishing above the three SMAs (50-SMA, 100-SMA and 200-SMA) on the 4-hour chart endorsing the bullish attitude. Technical indicators are following a positive path with some weak momentum. The MACD oscillator is rising while is still moving above its zero line and the RSI indicator is flattening near the 70 level.

WTICrudeH4111016.png

Friday, 07 October 2016 06:47

Gold Profit Booked at $1,250

Written by
Published in Commodites & Metals

The precious metal plunged more than 6% over the last ten days after the aggressive sell-off from the $1,306 strong 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. During yesterday’s session challenged our suggested target at $1,250 (see the technical analysis here: http://bit.ly/2dj6y8h) and the technical structure remains further decline move.

Technically, the pair is trading below the three SMAs (50-SMA, 100-SMA and 200-SMA) on the daily chart and the price is moving towards the $1,220 support level which coincides with the 50-weekly SMA. Technical indicators are endorsing the bearish scenario as both of them (MACD and RSI) are following the oversold areas. The MACD indicator is falling while the RSI oscillator is moving below the 30 level.

XAUUSDDaily071016.png

Wednesday, 05 October 2016 07:36

Metals on a Free Fall – Profit Locked!

Written by
Published in Commodites & Metals

The precious metal plunged more than 4.5% over the last week and during yesterday’s session broke to the downside the descending triangle which was holding over the last three months. Following the aggressive sell-off the target that we recommended on Monday was reached at $1,306 and the XAU/USD pair penetrated the ascending trend line from December 2015 (see the technical analysis here:...

Monday, 03 October 2016 08:23

WTI Surged 14% the Last Two Months

Written by
Published in Commodites & Metals

The West Texas Intermediate (WTI) created the second green month in a row and challenged the $48.60 resistance level. Over the last two months, the oil surged more than 14% and penetrated the descending trend line. A first production cut in 8 years OPEC announced last Wednesday and highlights the frustration that oil nations feel about the 50% drop in crude prices over the last 2

...
Friday, 30 September 2016 07:36

WTI Hit its Highest Level Since August

Written by
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

...
Friday, 30 September 2016 07:35

Gold Profit Locked at $1,318!

Written by
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

...
Wednesday, 28 September 2016 06:36

Gold Suggested Target Booked at $1,325!

Written by
Published in Commodites & Metals
Thursday, 22 September 2016 07:19

Gold is Moving in a Descending Triangle

Written by
Published in Commodites & Metals
Tuesday, 20 September 2016 05:56

Gold is Moving in a Symmetrical Triangle

Written by
Published in Commodites & Metals
Monday, 19 September 2016 05:07

WTI Bulls are Aiming at $45.60

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. 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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