Comex Signal Technical Analysis and Strategies for Wednesday, April 01 2015

Gold

Gold markets went back and forth during the session on yesterday, testing the 1180 level. This is an area which is important in this market as it was a support. We believe that the bounce from here will more than likely test the $1200 level next. On the other hand, if we break down below the bottom of the range for the Tuesday session, this market will more than likely head back down to the 1150 level.

Gold Technical Chart

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SILVER

The silver markets initially fell during the course of the day on yesterday, but struggled to keep the losses as the 16.50 level offered support. This is an area that has offered support and resistance both several times, and as a result it has affected the market again. The support resulted in turning the market around and forming a hammer, which is bullish. If we can break the top of this hammer, we believe that the market then heads to the 17.50 level given enough time. The 17.00 level will be a bit resistive but we feel that it will break above.

Silver Technical Chart

CRUDE

The light sweet crude market fell during the session on yesterday, testing the $47.50 level for support. The $47 level below that is supportive, but if we can break below there, we should see this market fall even lower and heading to the $45 level. The market has been very bearish, and this is a market that we think will sell off every time it rallies. The market should continue to fall based on not only upon the less demand, but also the rising value of the US Dollar. The $50 level above should be resistive. 

Crude Oil Technical Chart

 

London Stock Market Overview Monday, March 30 2015

UK Stock Market Overview

London stocks fall on the fourth day consecutively as a sell-off in iron ore and a stronger dollar hit share prices in the mining sector. In economic data, a Nationwide survey showed the annual growth in UK house prices slowed to an 18-month low of 5.1% in March. Meanwhile, the final estimate of fourth-quarter annualized US economic growth was confirmed at 2.2%, in line with initial estimates but down from 5% in the third quarter.

The FTSE 100 index ended the session down by 0.58 % at 6855.02, as it is not able to sustain above the 7000 level mark. If during the day market is breaching the support level of 6830 on downside after consolidation, then it can test the level of 6770 with the reistance of 6880.

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TOP GAINER

Name	Close Price	Change %
CARNIVAL	3241	7.18
INTERCONT HOTELS	2640	2.76
SHIRE	5425	2.17
SABMILLER	3613	1.43
MAN GROUP	203.6	1.24

TOP LOSER

Name	Close Price	Change %
ANGLO AMERICAN	1044	3.02
HAYS	151.2	2.64
RIO TINTO	2809.5	2.35
BARCLAYS	244.25	2.3
BHP BILLITON	1507.5	2.27

GBP/USD Technical Analysis and Trading Strategy for Tuesday, March 24 2015

GBP/USD

SUMMARY:

The trend of GBP/USD is majorly bearish but from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 1.4990. In its hourly chart, prices are consolidating with strong positive bias and taking support of 30 and 200 DMA. If the pair breaks the important level of 1.4990 at upside then we can expect it to test the level of 1.5040/1.5090.

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INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line is also sustaining in buying territory indicating the bullish trend in the pair.

STRATEGY:- GBP/USD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

FTSE Technical Analysis and Predictions for the upcoming London Stock Market session

 

FTSE

At Friday's close, the FTSE 100 index stood strong at 7022.51, up 0.8% on the day, off a touch from its session high of 7024.21. The FTSE 100's landmark move above 7000 came at the right time. With 47 days left until the most uncertain UK election in decades. Vedanta Resources topped the risers, on other side Debenhams was trading lower after the department store was downgraded. The index can expect to go through some jittery times in the coming trading session.

The FTSE 100 index during the day can show further upside movement with support of 6800 For higher side 7100 can be seen in upcoming session. On ADX positive DI has crossed p the negative DI with ADX trading above 30 mark showing that momentum can be stronger.

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TOP GAINER

Name	Close Price	Change %
MAN GROUP	251.2	4.97
MARKS & SPENCER	1463	3.32
ANTOFAGASTA	840.3	2.23
AVIVA	1501	2.18
BHP BILLITON	425.9	1.99

TOP LOSER

Name	Close Price	Change %
Schroders NVTG	2411	-2.9
Antofagasta	687	-2.83
Morrison Supermkts	201.3	-2.19
Schroders	3199	-2.11
Rentokil Intial	138.4	-1.77

Forex Trading Strategies and Technical Analysis for Thursday, March 12 2015

 

Forex Trading Strategies

EUR/USD 

The EURUSD broke down during the session on yesterday, testing the 1.05 level, which is massively supportive. In the meantime, we think that this market simply grinds sideways, as it seems to be a bit oversold. With that, we will pay attention to the movement and wait for any significant breakdown in order to play this particular pair, or a break below the 1.05 level. However, we think that the market eventually sell off, heading to parity as this EU still has all of the same issues as it has had over the last few years.

EUR/USD Technical Analysis

GBP/USD

The GBPUSD broke down during the course of the day on yesterday, slicing through the 1.50 level. This is a massive support level on the longer-term charts. Because of this, it appears that the market will continue to be attracted to that level. We believe that the market should continue to try to break down below the 1.48 level, and given enough time, it certainly will. Once that happens, the British pound should fall apart and head directly to the 1.45 level which is supportive on the longer-term charts. As of now we are in downtrend and expect a lot of volatility between here and 1.48 level. Remember, the US dollar is the strongest currency in the world right now, and it’s difficult to imagine going against it.

GBP/USD Technical analysis

AUD/USD

The AUDUSD tried to break out during the session on yesterday, but found the area above the 0.76 level to be too resistive. Because of this, the market ended up forming a shooting star and looks ready to continue going lower. The 0.75 level is the next major area below, and we fully anticipate the Australian Dollar trading down to that level at least. On top of that, the US dollar continues to remain the strongest currency in the world right now, and therefore we have no interest in going against it.

AUD/USD Technical analysis

USD/JPY

The USDJPY went back and forth during the course of the session on yesterday, essentially proving nothing. The one thing that we notice is the fact that the market didn’t break down after breaking out. That’s a sign that the buyers are serious, and could very well continue to push this market higher over the longer term, which is exactly what we anticipate. Because of this, we believe the pullbacks are buying opportunities, and that the market should break above the 122 level, and then head to 125.

USD/JPY Technical analysis

NZD/USD

The NZDUSD fell during the course of the day on yesterday, as we await the interest-rate decision out of Wellington. Right now, it looks as if it is going to break down and continue to go even lower. With that, we are very bearish of the New Zealand Dollar going forward, as we anticipate that the sellers will continue to control his market. Even if we get some type of rally from here, we believe that rallies will simply offer value in the US dollar, and should be sold as soon as they fade.

NZD/USD Technical analysis

London Stock Market Technical Analysis & Predictions for Wednesday, March 11 2015

 

London stock market fall after stronger US dollar and falling commodity prices led the London stock market to drag the heavyweight energy and mining sectors stocks. Eurozone creditors have put more pressure on Greece to implement reforms to unleash aid and avoid bankruptcy. The Eurogroup ended discussions about Greece on Monday after about an hour in Brussels, as Greek finance minister Yannis Varoufakis was told to map out a realistic programme of fiscal reforms.

The FTSE 100 index fell 2.5% to 6702.84 till the end of the day, with ongoing concerns about Greece further weighing on sentiment. If during the day market is breaching the support level of 6680 on downside after consolidation, then it can test the level of 6620 with the resistance of 6720.

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Top Stock Picks for the Day : Morrison (WM) Super Markets Plc

Morrison (WM) Super Markets Plc

 

RECOMMENDATION BUY

TARGET 195

The Major trend of the top stock picks for today Morrison (WM) Super Markets Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 190 upside then it can show upside movement for the target of 195 with the stop loss of 186.

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CHART FORMATION:-

Stock is trading near its resistance and breaking above that trendline will lead to buying in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

Technical Chart

INDICATORS:-

RSI is trading near to 70.13 level with positive bias, in upcoming session upside movement is expected. Volume is also increasing as pattern is near its breakout.

MACD and Signal line is sustaining above the zero level line.