Analysis Desk

20

Feb2017
Oil prices rose on Monday but gains were limited as investors gauged whether an increase in U.S. drilling rigs and record stockpiles might offset the existing push by producers to cut output and bring the market into balance. Brent futures LCOc1 were up 50 cents at $56.31 a barrel at 0948 ... Read More
February 20, 2017Analysis Desk

20

Feb2017

Commodities 20.02.2017

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GOLD Gold price fell after last Friday's rejection at $1244 (previous highs of 08/09 Feb) but dips so far stay above strong support at $1230 (daily cloud top/Tenkan-sen line). Bearish candle with long upper shadow that was formed on Friday weighs, along with weak hourly studies that may result in probe below ... Read More
February 20, 2017Analysis Desk

20

Feb2017

Equities 20.02.2017

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FTSE100 Extended wave C of five-wave cycle from 7024 (02 Feb correction low) met its FE 138.2% target at 7276 today and came ticks away from key near-term resistance at 7191 (16 Jan all-time high). Scope is seen for return to 7291 target for completion of 7291/7024 corrective phase and continuation of ... Read More
February 20, 2017Analysis Desk
major-currency-forex

20

Feb2017
EURUSD Near-term risk turned lower and pressures 55SMA support at 1.0600, following Friday's strong close in red after repeated upside rejection at 1.0675 zone, where daily Kijun-sen capped. Falling 10SMA (currently at 1.0633) is expected to cap consolidation above 1.0600 handle, before bears resume. Clearing supports at 1.0600/1.0580 (55SMA/Fibo 61.8% of ... Read More
February 20, 2017Analysis Desk

20

Feb2017
Asian share markets were mixed on Monday as political uncertainty globally kept the mood cautious, while the U.S. dollar dithered in a tight range ahead of a busy week for Federal Reserve events. Turnover was light with U.S. markets closed for the Presidents Day holiday. MSCI's broadest index of Asia-Pacific shares ... Read More
February 20, 2017Analysis Desk

17

Feb2017
U.S. stocks were set to open lower on Friday, after a record-setting few days on Wall Street, as investors await clarity on economic policy and ahead of a long weekend. The S&P 500 has risen about 5 percent so far in 2017, with the Dow Jones Industrial Average up 4 percent, ... Read More
February 17, 2017Analysis Desk

17

Feb2017

Equities 17.02.2017

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DOW JONES Today's fresh extension of pullback from double upside rejection at 20630 increases risk of deeper correction. Strongly overbought daily studies and Hammer candle that was left yesterday support negative scenario. Further bearish signals will be generated on reversal of daily RSI/slow stochastic from overbought territory. Fresh acceleration lower penetrated into thick hourly ... Read More
February 17, 2017Analysis Desk

17

Feb2017
Oil slipped on Friday, pressured by growing global stocks, while expectations that an oil output cut by producers might eventually balance the market helped to underpin prices. Brent crude futures were trading at $55.57 per barrel at 0945 GMT, 8 cents below their last close. U.S. West Texas Intermediate (WTI) crude futures ... Read More
February 17, 2017Analysis Desk
major-currency-forex

17

Feb2017
EUR/USD Near-term action is biased higher following yesterday’s strong rally that marked the biggest one-day gains since 31 Jan. Rally was so far capped by daily Kijun-sen at 1.0675, with corrective easing under way. Broken Tenkan-sen now acts as initial support at 1.0634, ahead of 1.0617 (Fibo 38.2% of two-day 1.0520/1.0675 rally / ... Read More
February 17, 2017Analysis Desk

17

Feb2017
Asian stock markets took a breather on Friday from their recent surge as investors booked profits, while the dollar inched up after Thursday's slide and optimism over possible renewed supply cuts by OPEC lifted oil prices. Financial spreadbetter CMC Markets expects Britain's FTSE 100 to start the day flat, Germany's DAX ... Read More
February 17, 2017Analysis Desk
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