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Energy and Precious Metals Technical Analysis
Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Fri Aug 29 14 04:34 ET
The metal is trading slightly below the resistance 1292.65 and failed to stabilize above this level due to failing to breach the resistance 1296.60 yesterday. The upside move weakened as showing on AROON, and Stochastic is showing a bearish bias.
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Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Fri Aug 29 14 04:33 ET
Oil has inclined stabilizing above 94.00 levels and it seems that, the correction has started after building a technical basis. MACD and RSI has turned into positivity and that could assist traders to achieve additional corrections. In result, we will play the correction, while break above 95.00/25 will confirm this positivity aiming to re-test the previous broken trend line.
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Bullion and Energy Market Commentary Print E-mail
Analysis | Commodity Technical Analysis | Written by HY Markets | Fri Aug 29 14 00:25 ET
SPOT GOLD closed higher on Thursday. The midrange close sets the stage for a steady opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If it extends this month's decline, the reaction low crossing is the next downside target.
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Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Thu Aug 28 14 04:57 ET
The metal traded above 61.8% correction at 1280.25 today and yesterday. Linear Regression Indicators are positive and MACD signal lines are attempting to breach line zero to the upside. The bulish possibility remains valid by stabilizing above 1280.25, but the pair should confirm its ability to breach 1292.65 at 50% correction to confirm extending the upside move.
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Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Thu Aug 28 14 04:54 ET
Crude is trading in a bearish bias after testing SMA 50 and is moving towards the sideways range support residing 92.85. Till now, we remain neutral till the price exits the mentioned range, whether by breaking its support at 92.85 or breach the resistance 94.40, as RSI is moving in neutral areas and is nto supporting any of the moves.
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Bullion and Energy Market Commentary Print E-mail
Analysis | Commodity Technical Analysis | Written by HY Markets | Thu Aug 28 14 00:17 ET
SPOT GOLD closed higher on Wednesday.The midrange close set the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month's decline, the reaction low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.
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Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Wed Aug 27 14 03:43 ET
The metal is trading above 61.8% correction again at 1280.25 as showing on graph, which is close to the key support of the medium-term sideways move. Linear Regression Indicators crossed over positively and MACD is attempting to move to the upside, while AROON is moving to the upside despite being weak.
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Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Wed Aug 27 14 03:42 ET
Oil continued to trade within the recently established sideways range as seen on the provided four-hour chart. Trading between SMA20-green- and SMA50-red- in addition to the unclear signs on technical indicators force us to remain neutral over intraday basis. The clue for bulls resides at 94.60, while the keys for bears resides at 92.80 and 92.40.
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Bullion and Energy Market Commentary Print E-mail
Analysis | Commodity Technical Analysis | Written by HY Markets | Wed Aug 27 14 00:38 ET
SPOT GOLD closed higher on Tuesday. The highrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month's decline, the reaction low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.
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Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Tue Aug 26 14 04:00 ET
Gold rebounded to the upside during the Asian trading session today and is trading above 1280.30 as showing on graph. Stability above the referred to level weakens the negative expectations especially that the rebound took place from the bullish support, as we see positive signals on both AROON, MACD and Stochastic.
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Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Tue Aug 26 14 04:00 ET
A doji candlestick pattern was formed yesterday and that reflects the technical hesitation appearing over daily studies. Meanwhile, MACD is gradually showing the ability to overlap positively and RSI14 reflects the oversold case. These signs could bring a recovery over intraday basis, but we will be prudent awaiting for a breakout above 94.00 to long Crude with targets at 95.25/50 where the traders can re-test the broken support. On the downside, coming below 92.80 will negate chances for achieving corrections.
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Bullion and Energy Market Commentary Print E-mail
Analysis | Commodity Technical Analysis | Written by HY Markets | Mon Aug 25 14 23:59 ET
SPOT GOLD closed lower on Monday. The lowrange close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm. If it extends last week's decline, the reaction low crossing is the next downside target. Closes above the 10day moving average crossing would temper the nearterm bearish outlook.
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IMM Positioning: Sharp Reduction In CAD Longs Print E-mail
Analysis | Commodity Technical Analysis | Written by Danske Bank | Mon Aug 25 14 06:18 ET
IMM data released last Friday reveal that investors have returned to adding bearish EUR positions builds. The bearish EUR sentiment has sent non-commercial positioning in the single currency to the 6th percentile – the most bearish level since November 2012. The stretched positioning indicates a very high sensitivity of EUR to positive news out of the euro-zone. Fundamentally, we still expect EUR/USD to edge lower but emphasise that positioning poses a barrier for rapid moves lower and the downtrend will consequently be gradual.
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Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Mon Aug 25 14 04:09 ET
The metal dropped last week and we notice a bearish bias with the beginning of this week that could extend intraday in light of the negativity showing on AROON, MACD and Linear Regression Indicators. The possible target of the downside move is close to the bullish supprt showing on graph at 1268.00 and perhaps 1262.00 and breaking it is required to extend the downside move.
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Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Mon Aug 25 14 04:08 ET
Oil continued to consolidate during the previous days following the sharp decline seen after clearing the two-year trend line and breaching 95.00 regions. The current pause in addition to the clear oversold sign on RSI14 forces us to stand aside to see whether oil will continue its declines towards the objective detected earlier at 91.35 or will shows the ability to achieve upside corrective rallies.
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Bullion and Energy Market Commentary Print E-mail
Analysis | Commodity Technical Analysis | Written by HY Markets | Mon Aug 25 14 00:13 ET
SPOT GOLD closed higher on Friday consolidating some of Thursday's decline. The highrange close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this week's decline, the reaction low crossing is the next downside target. Closes above the 10day moving average crossing would confirm that a shortterm low has been posted.
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GOLD - Downside Threat Remains Print E-mail
Analysis | Commodity Technical Analysis | Written by FXTechStrategy | Sun Aug 24 14 21:55 ET
GOLD - With GOLD remaining weak and vulnerable to the downside, further decline is likely in the new week.. Support lies at the 1,257.68 level where a break will aim at the 1,230.00 level. A break will target the 1,200.00 level with a violation turning attention to the 1,180.00 level. Below here will expose the 1,160.00 level and then the 1,140.00. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance lies at the 1,285.00 level where a break will target the 1,300.00 level followed by the 1,345.90 level. A cut through here will extend gains towards the 1,360.30 level. And then the 1,380.00 level. All in all, GOLD remains biased to the downside in the nearer term.
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Technical Analysis for Precious Metals Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Fri Aug 22 14 03:18 ET
The metal is still trading in a bearish bias and is approaching the key support level showing on graph around 1268.00 - 1262.00. 1262.00 levels will be a significant interval today, whereas stability below it fails any bullish attempt and continues to move to the downside. Targets for today only reside around the mentioned level.
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Technical Analysis for Energy Markets Print E-mail
Analysis | Commodity Technical Analysis | Written by ICN.com | Fri Aug 22 14 03:17 ET
Strong bounce has been witnessed from 92.40 zones after clearing 92.80 support. It seems that the oversold signs on momentum indicators will affect the market movements over intraday basis. Therefore, we will be neutral for today awaiting for clearer signs to see whether oil will come back below 92.80 levels or will continue to recover since 94.60 still represents a tough resistance.
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Bullion and Energy Market Commentary Print E-mail
Analysis | Commodity Technical Analysis | Written by HY Markets | Fri Aug 22 14 00:31 ET
SPOT GOLD closed lower on Thursday and the lowrange close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a shortterm top might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it renews the rally off August's low, the 38% retracement level of the 20112012decline crossing is the next upside target.
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