Gold Trading Recommendation (17/10/2014)

The metal moved slightly to the downside yesterday but is still above 1236.15. Trading above the referred to level at 38.2% correction forces us to keep our positive expectations targeting 1269.15 and 1253.00 at 61.8% and 50% corrections consecutively. Linear Regression Indicators are positive, MACD and RSI tend to be positive forcing us to bet on an upside move.

From the downside, only a break below 1215.75 fails the current bullish wave, but we prefer to keep trading above 1236.15 to strengthen the bullish possibility intra-day today.

Support: 1236.15, 1231.05, 1226.60, 1220.00, 1215.75
Resistance: 1240.25, 1244.50, 1248.00, 1253.00, 1269.15

Recommendation Positive expectations above 1236.15, risk-limit below 1220.00.

Crude Oil Trading Recommendation (17/10/2014)

Crude oil is still stable below the previously broken descending channel support turning to resistance now at 83.45, while Linear Regression Indicators are still providing negative signals that support extending the bearish bias in the coming period. Hence, the downside move remains valid targeting next 80.00 and extends to 77.20.

Support: 82.40, 81.90, 81.20, 80.00, 79.15
Resistance: 83.00, 83.45, 83.95, 84.90, 85.45

Recommendation Negative expectations below 83.45, risk-limit above 85.45.

Gold Trading Recommendation (05/05/2014)

The metal failed to remain stable below 1277.00 levels pushing it strongly to the upside and is trading above 1300.00 with the beginning of the week. Trading again above the referred to level is positive but confirming positivity requires stability above 1309.35. MACD is showing a new attempt to be positive and RSI 14 is trading above line 50, as Linear Regression Indicator 34 is still positive. All the referred to catalysts forces us to think that there is a bullish possibility this week that is confirmed by stabilizing above 1309.35.

Support: 1300.00, 1296.00, 1292.60, 1285.10, 1277.90
Resistance: 1309.35, 1315.00, 1323.20, 1330.00, 1339.35

Gold Trading Recommendation (05/05/2014) Based on the above, buy the Gold above 1300.00 targeting 1309.35 and 1323.20 then 1339.35 with stop-loss below 1285.10

TJL Chart- - - 02-05-2014

TJL's RSI trading at overbought territory.

If the volume reduce in coming days pull back will occur.

Good price to exit now.

Gold Trading Recommendation (02/05/2014)

The metal dropped during yesterday's trading session waiting to break 1277.00 levels to confirm the bearish possibility, but the price failed to do so. Despite that this possibility became valid after the positive divergence failed on MACD, but stabilizing below 1277.00 supports negativity because it takes the metal to trade below Linear Regression Indicators.

Support: 1280.00, 1277.90, 1272.00, 1266.55, 1262.00
Resistance: 1285.00, 1293.00, 1296.25, 1300.00, 1305.00

Recommendation Based on the above, sell gold at 1276.00, targeting 1272.00, 1262.00, then 1250.80, and stop-loss above 1296.25.

Gold Trading Recommendation (01/05/2014)

The metal is still fluctuating heavily between 50% correction at 1285.10 from the downside and the psychological resistance 1300.00 from the upside. MACD began trading sideways, as RSI is trading below line 50, but the price is stabilizing between the contradicted Linear Regression Indicator 34 and 55.

Support:     1285.00, 1280.00, 1277.90, 1272.00, 1266.55
Resistance: 1296.25, 1300.00, 1305.00, 1309.35, 1315.00

HNB Chart

HNB.N0000 next major resistance is at 160 level.                                                   

                                                               

HNB need a decent volume to break this major short term Resistance.