Our target is still the 50 day MA at 51.45 and the upside direction prevails. Today we see trading is still above the 43.00 level and will continue inclining on the intraday and short term to reach ...
Further upside movements resulted from the breach of the 39.85 resistance level where today we could witness a short term upside channel but with intraday volatility. We see this bullish movements is ...
goldHigh volatility in the markets accompanied by several attempts to incline have failed where the current trend for the metal is still to the downside. If our expectations are true and gold does ...
The breach of the 39.85 level that we have pointed out to in our previous report, opened the way for the pair to reach levels above the 45 mark. We now see the pair could declined to retest the ...
goldFurther attempts to breach the key resistance for the medium term ascending channel have failed. We see in the image above the butterfly in yellow which will not be breached until we see a ...
Confidence among U.S. consumers sank to the lowest level in at least 41 yearsCrude oil fell heading for a record annual drop, on speculation that U.S. fuel stockpiles are increasing as the recession ...
Even as trading volume decreases, crude oil is still declining to the downside as it is pressured by the key resistance for the descending channel which is also the 50 day MA on the one hour chart. We...
GoldThe metal entered a downside wave as expected but on the other hand trading must be below 866.95 to confirm this trend. Our focus on the 866.95 level is because the overall trend is to the upside ...
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Gold decline on profit takingGold retreated today as investors decided to take profits after yesterday's spike. The precious metal gained yesterday supported by incline in oil prices due to fears of ...
During yesterday's session, crude was able to breach the key resistance for the descending channel that started on 4-11-2008 to the downside yet couldn't maintain levels below is as the 50 day MA on ...
goldUp till now, the upside wave that occured during the beginning of the week has yet to become confirmed where our expectations that the metal will decline is more rational. However, we continue to ...
goldAn incline above 866.95 makes gold worth watching yet we see a gap in the upside wave that suggests the weakening of this direction. In addition, the metal is trading below the 100% correction ...
After the large decline that happened throughout the past week, we see the price currently inclining on an intraday basis after opening with a market gap above the 38.35 level and the 38.2% correction...
After reaching its target at 35, we see crude rebounding once again as it has entered an oversold area resulting in a new short term upside wave targeting the 41.20 level now. Trading is volatile ...
goldGold is still trading sideways where the consolidation area has now become tighter as seen in the above picture. We will witness a breach soon where technical indicators show a possibility for a ...
The downside trend continue and is still targeting levels below previous lows where if trading remains below the 45.15 resistane level, the descending channel will prevail on the short and medium ...
