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

Tuesday, 31 January 2017 08:49

Gold Climbed Above $1,200 Key Level

The precious metal seems to be in a correction of the upward move that started on December 15th and ended on January 23rd. The XAU/USD pair rebounded on the $1,220 resistance barrier and slipped until the $1,180 support level. However, over Monday’s period, the gold created the third positive day in a row and edged higher climbing above the $1,195 obstacle. The price met the 50 and 100 SMAs on the 4-hour chart which seem to be strong obstacles for the bulls.

On the same chart, technical indicators have a bullish bias as both rose in the previous days. The MACD oscillator is moving higher with strong momentum and is approaching the positive path while the Relative Strength Index (RSI) is following a positive territory despite that is pointing slightly downwards. In addition, having a look at the daily chart, RSI is holding upwards with strong momentum. The next level to watch to the upside is the 100-daily SMA near $1,209 and the resistance barrier at $1,220.

XAUUSDH4310117.png

Published in Commodites & Metals
Monday, 30 January 2017 09:40

WTI is Moving Sideways for 7 Weeks

The West Texas Intermediate (WTI) is developing within an ascending move since April 2016 however, over the last seven weeks, is consolidating within a trading range with upper boundary the $55.25 resistance level and lower boundary the $51.47 support barrier.

Currently, the price is testing the 50-daily SMA while it is trading above it since the end of November. For the long-term traders, as it stands, if the bulls are strong enough to push the oil further up, we would expect an extension towards the $55.70 barrier, a level tested on January 3rd and is the 18-month high. A failure to retest the latter level should prompt a move lower towards the $51.47 support handle, where a battle is expected by both market forces. For the short-term traders, now, we expect a further upside movement until the $54.30 resistance level while the 50-weekly SMA crossed the 100-SMA to the upside which indicates a bullish signal. Additionally, on the daily chart, technical indicators are flattening near its mid-levels with some weak momentum.

WTICrudeDaily300117.png

Published in Commodites & Metals
Friday, 27 January 2017 09:01

Brent is Consolidating in Sideways Channel

The Brent Crude Oil is establishing within an ascending move since April and it surged almost 40%. The oil price tried to test the rising trend line several times while over the last two months is developing well above it within a sideways channel with upper boundary the $57.60 resistance level and lower boundary the $53.80 support barrier which coincides with the 50-daily SMA.

Currently, the price is moving towards the $57.60 price level or moreover until the previous fresh high at $58.50 resistance barrier. On the other hand, a break below the lower band and the 23.6% Fibonacci retracement level (April 2016 low – January 2017 high) of the last big move will slip the price to 100-daily SMA. The MACD oscillator is moving slightly higher as it is in the process for a bullish crossover its trigger line while the RSI indicator is sloping upwards.

BrentCrudeDaily270117.png

Published in Commodites & Metals

The silver is traded near the key zone defined by the horizontal resistance around $17.320 and the downtrend line connecting the highs from September 22nd 2016, November 09th 2016 and January 23rd 2017. Downtrend tendency is still valid and during the next few days, we expect the price to rebound from $17.320 level and decline further with initial target the support level at $16.150.

The white metal is traded below both the 100 and 200 SMAs, on the daily chart, confirming expectations for possible new sales of the metal. MACD is showing an early sell signal above the zero line adding to the odds of a bearish move. RSI broke the uptrend line and declined, also sending a signal for further losses.

Alternatively, if the price starts to rise and move over $18.300 the expectations for a fall will not be valid and in this case, we would set the target level to the upside around $19.000 resistance barrier.

XAGUSDDaily25012017.png

Published in Commodites & Metals
Monday, 23 January 2017 09:49

Gold Met the JFD Pivot Point at $1,220

The XAU/USD pair printed the fourth positive week in a row as it had an aggressive run to the upside following the bounce off the $1,122 support barrier. Moreover, the precious metal surged more than 5.4% so far this month and challenged a fresh two-month high at $1,220.

On the daily chart, the yellow metal met the 100-SMA which overlaps with the second resistance level of the monthly pivot points and they seem to be key resistance obstacles for the price. A pullback to the downside is possible until the $1.196 support handle or moreover until the $1,165. In the case of a penetration of the two-month high to the upside, it could drive the pair towards the $1,240 resistance level. MACD is moving higher from its trigger and zero lines with solid momentum, however, RSI is approaching the overbought area above the 70 level.

XAUUSDDaily230117.png

Published in Commodites & Metals
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
Page 1 of 2

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.
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