Commodities Market: Technical Outlook:
Commodities Market: Technical Outlook:
Gold failed to hold its daily high of $ 1,289, closing at $
1,278, a loss of $ 1.97. Gold should reach yesterday's high again; where a
breakthrough above revives the uptrend. However, a decline below yesterday's
low will extend the decline to $ 1,264 (200-DMA). Meanwhile, the RSI and the
Stochastic Oscillator have shown weakness and supported a negative view. We
recommend that investors "sell on strength" and hold Stop loss above
$ 1,289.
1,278, a loss of $ 1.97. Gold should reach yesterday's high again; where a
breakthrough above revives the uptrend. However, a decline below yesterday's
low will extend the decline to $ 1,264 (200-DMA). Meanwhile, the RSI and the
Stochastic Oscillator have shown weakness and supported a negative view. We
recommend that investors "sell on strength" and hold Stop loss above
$ 1,289.
Silver posted a loss of $ 0.03, closing at $ 16.96. Silver is currently trading below
the 50-DMA and the 200-DMA, which will limit the upside to 17.07 and 17.14 US
dollars. A break above is needed to refresh the upward momentum. Meanwhile, a
decline below yesterday's low will continue the downward trend of $ 16.31 as the
next target. The RSI and the MACD have moved down, supporting a bearish view.
Investors are advised to "sell on strength" and hold stop loss above the 200-DMA.
positive conclusion, the oil has made a lower high, indicating that the corrective
trend remains intact. In addition, threatens the 14-DMA, which will restrict the price
at $ 55.77. Where a break up will continue the up trend. However, a decline below $
55.08 will extend the decline to $ 54.72, followed by $ 53.69. The Stochastic Oscillator
and the MACD go down and support a bearish view. We recommend that investors
stay below the 14-DMA seller.
the 50-DMA and the 200-DMA, which will limit the upside to 17.07 and 17.14 US
dollars. A break above is needed to refresh the upward momentum. Meanwhile, a
decline below yesterday's low will continue the downward trend of $ 16.31 as the
next target. The RSI and the MACD have moved down, supporting a bearish view.
Investors are advised to "sell on strength" and hold stop loss above the 200-DMA.
positive conclusion, the oil has made a lower high, indicating that the corrective
trend remains intact. In addition, threatens the 14-DMA, which will restrict the price
at $ 55.77. Where a break up will continue the up trend. However, a decline below $
55.08 will extend the decline to $ 54.72, followed by $ 53.69. The Stochastic Oscillator
and the MACD go down and support a bearish view. We recommend that investors
stay below the 14-DMA seller.
The USD index rebounded to a low of 93.29 to close at 93.70. The index is
expected to return to yesterday's high of 93.79; where a break above puts the up
trend at 94.43 in sight. However, any disadvantage will find support in the range of
93.22-93.29. The RSI and the Stochastic Oscillator have risen and point to a positive
trend. We recommend investors to buy over 93.79.
expected to return to yesterday's high of 93.79; where a break above puts the up
trend at 94.43 in sight. However, any disadvantage will find support in the range of
93.22-93.29. The RSI and the Stochastic Oscillator have risen and point to a positive
trend. We recommend investors to buy over 93.79.
View The Chart .....
This is For learning where market move not recommended to buy or sell
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