Brent: oil is trying to hold off on 18.09.2015

18 September, 2015

Current trend

On Thursday, the price of Brent crude oil showed volatile dynamics. During most of the day, it was falling but after the publication of the Fed rates decision, according to which interest rates stayed at current 0.25%, oil grew.

The regulator stated that interest rates remained unchanged due to a sluggish growth of the world economy. At the same time, the regulator was positive on future prospects for the American economy and inflation in the country. The labour market also remains healthy and demonstrates signs of improvement.

Support and resistance

Bollinger Bands on the daily chart is moving horizontally, while the price is near the middle MA of the indicator and trying to consolidate above it. MACD is growing and giving a moderate buy signal. Stochastic is approaching the overbought zone that could indicate an erosion of the bullish sentiment.

The indicators recommend considering purchases in the short-term, or wait for a clearer trading signal.

Support levels: 48.19 (17 September low), 47.41, 46.63, 46.00 (14 September lows).

Resistance levels: 49.24 (local high), 50.00 (psychologically important level), 50.89, 51.50, 52.15, 53.00, 53.50, 54.16 (31 August high).

Trading tips

Long positions can be opened after the breakout of the level of 50.00 (with the appropriate indicators signals) with the target at 51.50 and stop-loss at 49.40. Validity – 1-3 days.

Short positions can be opened from the level of 48.00 with targets at 47.00 (short-term), 46.00 (medium-term) and stop-loss at 48.50. Validity – 2-4 days.


Source link  
S&P500: will the correction continue?

Since December 2015 the index S&P500 has been in the downtrend. In February, the index fell to the level of 2108.0, which is almost 15%. In the past 4 sessions the index had adjusted, approaching the level of 1935.0...

XAU/USD: A decline is likely to continue

On the 4-hour chart, the price is testing the level of 1210.80 (23.6% correction); the ascending 38.2% fan line is an additional resistance for the price. If this resistance area is overcome, a growth would continue to 1224.90 and 1249.25...

XAG/USD: pair is falling on February 16, 2016

Yesterday, the price of silver fell to last Thursday’s opening levels, when a new local low since the end of October 2015 was reached. Prices of commodity assets are falling as risk appetite is gradually returning to the market...


XAG/USD: silver slowed growth on February 11, 2016

Yesterday the pair showed choppy trade and closed at its opening level. The price was pressured by growth in the European stock markets and Fed Chair Janet Yellen testimony before the US Congress...

Analytical review of American Express Company

The Company ranks 23th on capitalization in the finance sector among the Issuers, trading in the American stock market. On 22 January the company reported for Q4 of the fiscal year of 2015. The company has been demonstrating negative dynamics for the last few quarters...

Brent: decline has resumed on February 05, 2016

Since the opening of the trading day the price of crude oil Brent is declining. On the hourly chart the price has broken down the first support level of 34.35 (ÅÌÀ50), which is ÅÌÀ200 on the four-hour chart...


XAU/USD: Gold is overbought on February 04, 2016

The price of gold has returned to the level of 1190.00 USD per troy ounce, (which is had at the beginning of November), regaining half of the losses since mid-October 2015. On the daily chart the price has broken down strong resistance levels 1129.00 (ÅÌÀ200)...

EUROSTOXX50 : Volatility in the financial markets continues

Amid sharp decline in the global stock indices since the beginning of the year European index EUROSTOXX50 has lost about 14%. During the final surge of decline from 3515.0 to 2840.0 last December, the price has managed to go above the level of 23.6% Fibonacci...

Brent: Oil prices can renew the plunge

On the daily chart the price has broken down the upper line of the downward channel at the level of 35.50. Although, on the daily chart the indicators OsMA and Stochastic recommend long positions; on the four-hour chart the indicators give signals in favor of the sell positions...

  


Share: