Crude Oil Technical Analysis as on 27/01/2016

Crude Oil Inventory Report 

The American Petroleum Institute's weekly crude Oil stockpile report released late Tuesday showed an 11.4 million barrels build, well above the 3.5 million barrels seen. Separately, Wednesday's report from the U.S. Department of Energy could show that domestic crude inventories rose by 3.5 million barrels for the week ending on January 22. 

Technical analysis

The Crude oil market rose during the day on Tuesday. It has been observed that from last several sessions market is not sustaining below the level of $30.00 level, and trying to bounce from lower level. If market is continuing the consolidate above that level, we believe that market can test the level of $32.00 and it will offer a bit of resistance. On its, 4 hourly chart, market is trading between the downward channel. Resistance is seen near down trend resistance trend line at  the level of $34.00 supported by EMA200, while support is seen near the psychological level at $30 supported by EMA50 . On intra day basis we suggest to stay away from the market to monitor the price behavior in the market. We expect crude prices to trade sideways as recent hopes of agreement between OPEC and other producers to curtail output will be supportive. However, investors will be cautious ahead of FOMC statement due tonight.  

Technical Chart

              

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Commodity Trading Technical Levels 

	R2	R1	S1	S2
GOLD	1138	1126	1109	1098
SILVER	14.82	14.62	14.24	14.08
CRUDE OIL	33.24	32.42	30	29
COPPER	2.0394	2.0150	1.99	1.9438
NATURAL GAS	2.282	2.223	2.051	1.990
PLATINUM	900	888	861	844
PALLADIUM	532	512	478	469

EUR/AUD Forex Technical Analysis for 04/01/2016

Technical Analysis 

EUR/AUD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and cross over of 50 day SMA on the downside indicating downtrend of the pair. It is having an important resistance at the level of 1.5345 and support at the level of 1.4834. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

Forex Market Indicators

MACD is sustaining in its negative zone indicating the bearish trend in the pair.

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

Trading Strategy 

EUR/AUD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

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Currency Pair Pivot Points

PAIR	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0653	1.0748	1.0804	1.0899	1.0955	1.1050	1.1106
GBP/USD	1.4450	1.4586	1.4667	1.4803	1.4884	1.5020	1.5101
USD/JPY	119.30	119.64	119.99	120.33	120.68	121.02	121.37
USD/CHF	0.9713	0.9782	0.9898	0.9967	1.0083	1.0152	1.0268
AUD/USD	0.7161	0.7201	0.7249	0.7289	0.7337	0.7377	0.7425
EUR/GBP	0.7247	0.7290	0.7327	0.7370	0.7407	0.7450	0.7487
USD/CAD	1.3664	1.3738	1.3793	1.3867	1.3922	1.3996	1.4051
NZD/USD	0.6738	0.6776	0.6812	0.6850	0.6886	0.6924	0.6960