Crude oil preparing to continue long | 30 Tháng mười hai 2016

Gold weekly Review

Weekly Review:

For the past few months, Gold Markets have been falling relentlessly and is still showing signs of possible momentum to the lower side. Following the break into the falling channel, we are waiting for minor pullbacks towards the now resistive trend line to give us low risk sell opportunities. The anticipated downward rally should b the continuation of the impulsive wave (c) towards 1054 and possibly lower. Ideally, we expect the gold markets to continue making lower lows as long as it remain below the just broken trend line, a clear breakout above this trend line may culminate into a possible bullish price action towards 1168. Expect an exact similar wave count Silver. These two commodities have a strong positive correlation of up to +85% and will have a similar price action during this intraday. only buy or sell gold if silver is giving the same signal.

Trade Recommendations:

Remain short with an ideal target at 1054.

Silver weekly Review:

Crude oil preparing to continue long

Wave Analysis:

The silver markets is currently trading with an increasing bearish momentum. During the later parts of the previous week, silver markets made lower lows and will likely head to the lower side. Although the overall trend remains bearish, we're only going to be short up to 14.63 from where we'll be looking for a possible rebound or a breakout go continue short. The anticipated downward rally is the continuation of the impulsive wave (c) but should not go beyond 14.63. Expect a similar wave count in Gold, these two commodities have a strong positive correlation of up to +85 and will have a similar price action during this intraday. Ideally, gold drags silver alongside it, any move in gold attracts a similar move in Silver.

Trade Recommendations:

Remain short with the first target at 14.63.

Crude oil weekly review

Weekly review

During the previous trading week ending 23rd December 2016, the crude oil gaped above a key weekly resistance level 52.41, and is currently preparing to continue long. As long as the level 52.41 limits any invasion to the lower side, we expect a possible bullish momentum. The anticipated upward rally is the continuation of the last impulsive wave (5) towards 60.34 and possibly higher. The current chart set and structure shows signs of potential bullish dominance; selling, or holding onto sell positions in this commodity could be very risky in the long run. Instead of going short, we choose to sit on the sidelines and wait for buy signals.

Trade Recommendations:

As long as the level 52.41, limits any invasion to the lower side, look for potential buy positions with an ideal target at 60.34

Chia sẻ

Facebook

Twitter

Bob Stan

Đồng ý với đánh giá?Đồng ý Không đồng ý

Ý kiến của thương nhân:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Crude oil preparing to continue long | 30 Tháng mười hai 2016

Chia sẻ

Bob Stan

Giải thưởng tốt nhất của chúng tôi: