layer1-background
Don't ask why - just push the button
when you see the trading setup...
Christian KÄMMERERHead of German Speaking Markets
layer1-background
Research is to see what everybody else has seen,
and to think what nobody else has thought.
- Albert Szent-Gyorgyi
Barbara NICODEMOUMarket Analyst
layer1-background
Research is creating new knowledge.
- Neil Armstrong
Melina DELTASJunior Market Analyst

Items filtered by date: January 2017

Thursday, 19 January 2017 08:42

WTI is Falling Towards the $51.47 Level

WTI crude oil dropped on Wednesday more than 2.5% following the rebound on the $54.30 resistance level. The aggressive sell-off will move the oil towards the $51.47 support barrier but it needs to go through the 50-daily SMA which behaves as a good support. Momentum has turned negative as the MACD indicator is headed lower and is holding slightly above the zero line at the moment. In the next few sessions, we are waiting for the indicator to slip below its mid-level. The Relative Strength Index (RSI) entered the bearish territory while the Stochastic oscillator is falling and is approaching the oversold area.

WTICrudeDaily190117.png

Published in Commodites & Metals
Monday, 16 January 2017 10:15

Brent is Approaching the JFD Pivot Point

The Brent Crude Oil is establishing within an ascending move since April as it surged almost 40%. The oil price tried to test the rising trend line several times while now is trading well above it. The price hit a fresh high at $58.50 while it rebounded on it and now is trading lower near $55.70.

The crude oil is moving towards the $53.80 support barrier which overlaps with the first support level of the weekly pivot points, as it failed to test again the aforementioned new high. Additionally, a break below the latter level will drive the price at the 50-daily SMA which is near the second support of the pivot points. On the daily chart, technical indicators are biased lower after entering the negative territory. The MACD oscillator is falling while it is moving below the zero line with some weak momentum. The RSI indicator is sloping downwards whilst it is still holding above the negative zone.

BrentCrudeDaily160117.png

Published in Commodites & Metals
Friday, 13 January 2017 08:23

WTI Crude Oil Target Locked at $52.65

The West Texas Intermediate (WTI) crude oil created the second positive day in a row following the rebound on the $51.35 barrier which overlaps with the 50-daily SMA, a level that hit it after it slipped below our suggested target at $52.65 (see technical analysis here: http://bit.ly/2jKRtTX). Currently, the oil is trading higher and is moving towards the $55.25 - $55.70 resistance zone while the technical indicators seem to be in contrary with the price. The RSI indicator is sloping downwards, however, it still lies above 50 level. Furthermore, the MACD oscillator is falling within the positive territory. If there is no change on the indicators in the next few session, then a correction to the downside is possible as a negative divergence has been observed on MACD.

WTICrudeDaily130117.png

Published in Commodites & Metals
Thursday, 12 January 2017 08:10

Gold Surged and Target Locked Below $1,200

Gold added more than 4.3% over the last seven trading days following the strong rebound on the $1,122 price level. The XAU/USD pair booked a profit that we suggested in the previous days at $1,197 with entry level at $1,175 (see technical analysis here: http://bit.ly/2jGE6UM). The price currently is developing above the strong obstacle at $1,200 and is moving towards the next resistance barrier at $1,220.

Technically, the MACD oscillator is moving upwards with strong momentum, confirming the enthusiasm of the bulls, after it entered into the positive area while the RSI indicator is approaching the overbought territory with very clear directional strength.

XAUUSDDaily120117.png

Published in Commodites & Metals
Wednesday, 11 January 2017 13:23

WTI Crude Oil Develops Flag Formation

The tendency in the WTI crude oil is still downtrend and perhaps the market participants have already started to pay more attention to the issues and rumors related with oversupply. WTI is forming technical “flag” formation and a break below $51.55 per barrel will confirm the model. In the short-term period, we expect that the downtrend will continue accelerating and potentially the levels from current market price may offer good opportunities for new sales with initial target at $50.70. In the next few days, we may even see more decrease towards $50.00 per barrel. However, the down way movement may be not with such clean movement, but with a lot of market noise and sharp movements.

The price is below the 50, 100 and 200 SMA which is a strong signal for a new possible decline. MACD is below zero line and shows a signal for divergence, but in order to be more significant would be good to have additional confirmation. RSI rebounded from 50 level and declined down to 41.32 signaling for new possible sell-offs. On the other hand, an alternative scenario is WTI to keep trading in strong downtrend channel and only a price breaking over $55.10 per barrel may bring some bullish momentum and sentiment directed towards the key level $56.60.

WTICrudeH1_11012017.png

Published in Commodites & Metals
Monday, 09 January 2017 09:26

WTI Crude Oil Hit a Fresh 17-Month High

Oil prices plunged early this morning as increased exports from Iran undermined efforts by other oil producers. The West Texas Intermediate (WTI) crude oil edged sharply higher over the last year while over the last week the oil printed a fresh 17-month high at $55.70.

After it hit the latter level, a pullback started while the price is moving sideways over the last three weeks. The WTI consolidates within the $52.65 support barrier and the $55.25 resistance level while now is trading near the $54.30 price level. Despite that, the oil is still developing in an ascending move since August 2016 and is moving well above of the rising line. However, if there is a break below the $52.65 support barrier will slip the price towards the $51.00 strong level. Otherwise, if the price surpasses the resistance area $55.25 - $55.70 to the upside, it will expose the oil towards the $56.50 obstacle. Currently, the price may retest the lower boundary of the trading range. The RSI indicator is moving within the 50 and 70 level with some weak momentum while the MACD oscillator is falling with solid move and it is holding below its trigger line.

WTICrudeDaily090117.png

Published in Commodites & Metals
Wednesday, 04 January 2017 07:35

Gold is Ready to Surpass $1,165

The precious metal added more than 9% to its value over the last year, however, it recorded the third red month in a row and met a fresh 11-month low at $1,122 support level. The XAU/USD pair is trading in a downward move following the bounce off the $1,375 resistance level.

On the short-term basis, the metal started a correction to the upside and if the price surpasses the $1,165 resistance barrier, it will open the door for the $1,197 handle which overlaps with the 100-weekly SMA but the 50-daily SMA seems to be an obstacle for the bulls. Technical indicators on the daily chart are biased higher as the MACD oscillator is rising and is approaching its mid-level. The RSI indicator is pointing upwards suggesting a stronger metal in the next few sessions.

XAUUSDDaily040117.png

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, and losses can exceed your entire investment. 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 - 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.
www.jfdbrokers.com 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