Don't ask why - just push the button
when you see the trading setup...
Christian KÄMMERERHead of German Speaking Markets
Research is to see what everybody else has seen,
and to think what nobody else has thought.
- Albert Szent-Gyorgyi
Barbara NICODEMOUMarket Analyst
Research is creating new knowledge.
- Neil Armstrong
Melina DELTASJunior Market Analyst

Items filtered by date: May 2016

Monday, 16 May 2016 08:16

Brent Crude Forecast

Brent Crude oil edged up for the fourth consecutive day as output falls in Nigeria and worries about political instability in Venezuela tightened the market. The UK crude oil gained more than 30% since February 2016 and is up more than 10% the last month, quite impressive numbers.

The catalyst for the latest move appears to have been the falling supplies from producers such as Nigeria, Venezuela and China. Venezuela's oil production has already fallen by at least 18k bpd since the start of the year while China, Asia's biggest oil producer and consumer, output fell 5.6% to 4.04 million bpd in April. The Brent Crude oil reversed its Monday’s losses and rose to $49.00 at the end of the previous week. The momentum is strong to the upside, as well as the medium and the short term indicators. Furthermore, the ascending trend line and the both the 50-SMA and the 200-SMA are ready to support the bulls in a case of a pullback while the $43.50 will be the first obstacle above the aforementioned obstacles.

With the above in mind, we remain bullish, targeting the psychological level at $50.00. Further resistance would be found at $51.00 and then at $54.00 a break of which could then had back to $60.00 but looks unlikely in the near term, as I would expect a pullback and then a rally to the later level.



Published in Commodites & Metals

At the beginning of this year, the Brent Crude oil rebounded on the record low levels has been since 2003, near $27.20 a barrel, and covered the half of the losses suffered since May 2015.

The Brent Crude Oil has been traded in an uptrend since January, creating higher highs and higher lows. The price is traded above the 200-SMA and the 50-SMA on the 4-hour chart and is currently finding resistance on the 50.0% Fibonacci Retracement Level.

There are no signs of a trend reversal yet, thus, I would expect the price to continue rising towards the psychological level of $50.00 near the upper boundary of the rising channel. From there, it’s likely to create a correction to the uptrend, falling back to $47.20 after it will test again the 50.0% Fibonacci Retracement Level and then the lower boundary of the rising channel near $45.50.

The RSI and MACD oscillators are rising on the 4-hour chart, endorsing the bullish prospect towards $50.0.   


Published in Commodites & Metals

Risk Disclosure

Trading Foreign Exchange and Contracts for Difference (CFDs) is highly speculative and may not be suitable for all investors. Please ensure that you fully understand the risks involved.

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.
JFD Brokers Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission - CySEC (Licence number: 150/11) and is a Member of the Investor Compensation Fund (ICF). JFD Brokers Ltd. is registered with the German Federal Financial Supervisory Authority - Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) (Registration number: 126399), the British Financial Conduct Authority - FCA (Registration number: 580193), the French Autorité de Contrôle Prudentiel et de Résolution - ACPR (Registration number 74013) and is MiFID compliant under the Investment Services and Regulated Market Law of 2007 (Law number: 144(I)/2007). JFD Brokers Ltd. is licenced to provide the investment services of Agency Only Execution (i.e. reception and transmission of orders, execution of orders on behalf of clients) and Portfolio Management in relation to Transferable Securities, Options, Futures, SWAPS, Forward Rate Agreements, Financial Contracts for Differences (CFD) and other Derivatives. JFD Brokers Ltd. is also licenced to provide the ancillary service of Safekeeping and Administration of Financial Instruments. is owned and operated by JFD Brokers Ltd., Cyprus.
Unsupported Browser!

We have detected that you are using Internet Explorer 7, a browser version that is not supported by this website. Internet Explorer 7 was released in October of 2006, and the latest version of IE7 was released in October of 2007. It is no longer supported by Microsoft.

Continuing to run IE7 leaves you open to any and all security vulnerabilities discovered since that date. In 26 February 2013, Microsoft released version 10 of Internet Explorer that, in addition to providing greater security, is faster and more standards compliant than versions 7, 8, and 9 that came before it.

We suggest installing the latest version of Internet Explorer, or the latest version of these other popular browsers: Firefox, Google Chrome, Safari