Crude Oil:
Front month crude oil is higher in ACCESS trade this morning reversing the weaker tone seen during the prior session. Trend indicators are indicating a bullish market and the overall strength of the trend is strong, as indicated by the ADX. Momentum readings are also bullish. However, the recent downturn in the difference between the MACD and the MACD signal line may indicate a short term decline over the next few days and should be watched.
TREND INDICATORS:
Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.
Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. However, despite prices trading above the moving average line, the moving average is in a downward slope from the previous session. If prices trade below the moving average then the trend will be clearly established as up. However, this strength in the price will need to be watched. As a result the 25-Day simple moving average has a weak bearish bias.
Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.
ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is rising, while the long term trend, based on a 50-Day moving average, is up. As the ADX is rising it indicates that the current trend is strong and should remain intact. Look for the current trend to continue.
MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory. However, the recent downturn in the difference between the MACD and the MACD signal line may indicate a short term decline over the next few days.
RSI: The 14-Day RSI is in neutral territory. (RSI is at 59.92). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 59.92 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.
VOLATILITY INDICATORS:
Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be increasing, as evidenced by a larger distance between the upper and lower bands over the past few sessions. Despite this overbought condition the market may become more overbought before turning lower. As a result, the market will look for additional weakening in prices before turning bearish on this indicator.
RESISTANCE AND SUPPORT LEVELS:
99.29 - Highest High in last 50-Days
97.92 - Highest High in last 10-Days
97.53 - 20-Day Simple Moving Average Plus 2 Standard Deviations
96.45 - High
96.26 - 3-Day Simple Moving Average
96.16 - Last Price
95.90 - Low
94.64 - 20-Day Simple Moving Average Plus 1 Standard Deviation
93.56 - 10-Day Simple Moving Average
92.74 - 50-Day Simple Moving Average
91.90 - 25-Day Simple Moving Average
89.15 - Lowest Low in last 10-Days
88.86 - 20-Day Simple Moving Average Minus 1 Standard Deviation
85.97 - 20-Day Simple Moving Average Minus 2 Standard Deviations
85.40 - 100-Day Simple Moving Average
84.68 - Lowest Low in last 50-Days
76.46 - 200-Day Simple Moving Average
Natural Gas:
Natural Gas contracts are weaker this morning reversing the firmer tone seen during the prior session. Trend indicators are indicating a bearish market and the overall strength of the trend is strong, as indicated by the ADX.
TREND INDICATORS:
Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.
Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. However, despite prices trading above the moving average line, the moving average is in a downward slope from the previous session. If prices trade below the moving average then the trend will be clearly established as up. However, this strength in the price will need to be watched. As a result the 25-Day simple moving average has a weak bearish bias.
Simple Moving Average (50-Day): Recent activity this morning has seen prices trade below this moving average. However, even though prices are trading below the moving average, the moving average slope is up from the previous session. Should prices continue lower the moving average will eventually follow and then the down trend will be more clearly established. However, this strength in the moving average will need to be watched. As a result the 50-Day simple moving average has a weak bearish bias.
ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is rising, while the long term trend, based on a 50-Day moving average, is down. As the ADX is rising this indicates that the current trend is strong and should remain intact. Look for the current trend to continue.
MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory.
RSI: The 14-Day RSI is in neutral territory. (RSI is at 51.59). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 51.59 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.
VOLATILITY INDICATORS:
Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. The market is overbought and appears to be encountering resistance near recent highs. Look for a potential top in this area.
RESISTANCE AND SUPPORT LEVELS:
8.712 - Highest High in last 50-Days
7.500 - 50-Day Simple Moving Average
7.410 - Highest High in last 10-Days
7.396 - 20-Day Simple Moving Average Plus 2 Standard Deviations
7.373 - High
7.332 - Last Price
7.306 - 3-Day Simple Moving Average
7.301 - Low
7.290 - 20-Day Simple Moving Average Plus 1 Standard Deviation
7.259 - 25-Day Simple Moving Average
7.191 - 10-Day Simple Moving Average
7.134 - 200-Day Simple Moving Average
7.079 - 20-Day Simple Moving Average Minus 1 Standard Deviation
6.993 - 100-Day Simple Moving Average
6.973 - 20-Day Simple Moving Average Minus 2 Standard Deviations
6.914 - Lowest Low in last 10-Days
6.640 - Lowest Low in last 50-Days
MCXARUN
9994500540
Thursday, January 3, 2008
copper trend indicater
Copper:
Copper trade on ACCESS is showing weaker prices in recent activity extending the prior sessions weaker close. Trend indicators are indicating a bearish market. However the overall strength of the trend, as indicated by the ADX, is weak and should be watched as a result.
TREND INDICATORS:
Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.
Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias.
Simple Moving Average (50-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 50-Day simple moving average has a strong bearish bias.
ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is down. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for a choppiness ahead.
MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory. However, the recent downturn in the difference between the MACD and the MACD signal line may indicate a short term decline over the next few days.
RSI: The 14-Day RSI is in neutral territory. (RSI is at 49.16). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 49.16 the market is somewhat oversold. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of strength from this indicator before getting too bullish here.
VOLATILITY INDICATORS:
Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices.
RESISTANCE AND SUPPORT LEVELS:
3.6500 - Highest High in last 50-Days
3.3836 - 200-Day Simple Moving Average
3.3102 - 100-Day Simple Moving Average
3.2100 - Highest High in last 10-Days
3.2036 - 20-Day Simple Moving Average Plus 2 Standard Deviations
3.1550 - 50-Day Simple Moving Average
3.1228 - 20-Day Simple Moving Average Plus 1 Standard Deviation
3.0945 - High
3.0912 - 3-Day Simple Moving Average
3.0695 - Last Price
3.0665 - Low
3.0479 - 25-Day Simple Moving Average
3.0392 - 10-Day Simple Moving Average
2.9613 - 20-Day Simple Moving Average Minus 1 Standard Deviation
2.8805 - 20-Day Simple Moving Average Minus 2 Standard Deviations
2.8530 - Lowest Low in last 10-Days
2.8530 - Lowest Low in last 50-Days
MCXARUN
9994500540
Copper trade on ACCESS is showing weaker prices in recent activity extending the prior sessions weaker close. Trend indicators are indicating a bearish market. However the overall strength of the trend, as indicated by the ADX, is weak and should be watched as a result.
TREND INDICATORS:
Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.
Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias.
Simple Moving Average (50-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 50-Day simple moving average has a strong bearish bias.
ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is down. However, the weak ADX indicates that the current trend is deteriorating and may possibly reverse. Look for a choppiness ahead.
MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory. However, the recent downturn in the difference between the MACD and the MACD signal line may indicate a short term decline over the next few days.
RSI: The 14-Day RSI is in neutral territory. (RSI is at 49.16). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 49.16 the market is somewhat oversold. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of strength from this indicator before getting too bullish here.
VOLATILITY INDICATORS:
Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices.
RESISTANCE AND SUPPORT LEVELS:
3.6500 - Highest High in last 50-Days
3.3836 - 200-Day Simple Moving Average
3.3102 - 100-Day Simple Moving Average
3.2100 - Highest High in last 10-Days
3.2036 - 20-Day Simple Moving Average Plus 2 Standard Deviations
3.1550 - 50-Day Simple Moving Average
3.1228 - 20-Day Simple Moving Average Plus 1 Standard Deviation
3.0945 - High
3.0912 - 3-Day Simple Moving Average
3.0695 - Last Price
3.0665 - Low
3.0479 - 25-Day Simple Moving Average
3.0392 - 10-Day Simple Moving Average
2.9613 - 20-Day Simple Moving Average Minus 1 Standard Deviation
2.8805 - 20-Day Simple Moving Average Minus 2 Standard Deviations
2.8530 - Lowest Low in last 10-Days
2.8530 - Lowest Low in last 50-Days
MCXARUN
9994500540
trend indicater
COMEX Gold:
Gold trading is weaker in ACCESS trade this morning reversing the firmer tone seen during the prior session. Trend indicators are indicating a bullish market and the overall strength of the trend is strong, as indicated by the ADX. Momentum readings are also in bullish territory. However, the market just signaled a bearish key reversal off a 10-Day new high, indicating potential weakness to come.
TREND INDICATORS:
Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.
Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias.
Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.
ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is rising, while the long term trend, based on a 50-Day moving average, is up. As the ADX is rising it indicates that the current trend is strong and should remain intact. Look for the current trend to continue.
MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory. However, the market just signaled a bearish key reversal off a 10-Day new high, indicating potential weakness to come.
RSI: The 14-Day RSI is in neutral territory. (RSI is at 63.84). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 63.84 the market is somewhat overbought suggesting a possible market decline. Further, a bearish key reversal off a 10-Day new high here makes a downturn in the market even more likely
VOLATILITY INDICATORS:
Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be increasing, as evidenced by a larger distance between the upper and lower bands over the past few sessions. Despite this overbought condition the market may become more overbought before turning lower. As a result, the market will look for additional weakening in prices before turning bearish on this indicator.
RESISTANCE AND SUPPORT LEVELS:
848.00 - Highest High in last 50-Days
847.40 - High
847.40 - Highest High in last 10-Days
839.43 - 20-Day Simple Moving Average Plus 2 Standard Deviations
838.70 - Last Price
837.73 - 3-Day Simple Moving Average
837.50 - Low
826.08 - 20-Day Simple Moving Average Plus 1 Standard Deviation
818.99 - 10-Day Simple Moving Average
812.33 - 25-Day Simple Moving Average
805.59 - 50-Day Simple Moving Average
799.38 - 20-Day Simple Moving Average Minus 1 Standard Deviation
789.60 - Lowest Low in last 10-Days
786.03 - 20-Day Simple Moving Average Minus 2 Standard Deviations
760.79 - 100-Day Simple Moving Average
749.00 - Lowest Low in last 50-Days
716.12 - 200-Day Simple Moving Average
COMEX Silver:
Silver futures are higher this morning extending the prior sessions gains. Trend indicators have turned from a neutral price pattern to a bullish bias and the overall strength of the trend is strong, as indicated by the ADX.
TREND INDICATORS:
Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.
Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. However, even though prices are trading above the moving average, the moving average slope is down from the previous session. Should prices continue higher the moving average will eventually follow and then the up trend will be more clearly established. However, this weakness in the moving average will need to be watched. As a result the 25-Day simple moving average has a weak bullish bias.
Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.
ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is rising, while the long term trend, based on a 50-Day moving average, is up. As the ADX has turned higher also this indicates a strengthening in the current upward trend and further gains are possible from here.
MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory.
RSI: The 14-Day RSI is in neutral territory. (RSI is at 59.21). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 59.21 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.
VOLATILITY INDICATORS:
Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be increasing, as evidenced by a larger distance between the upper and lower bands over the past few sessions. Despite this overbought condition the market may become more overbought before turning lower. As a result, the market will look for additional weakening in prices before turning bearish on this indicator.
RESISTANCE AND SUPPORT LEVELS:
16.275 - Highest High in last 50-Days
15.123 - 20-Day Simple Moving Average Plus 2 Standard Deviations
15.080 - Highest High in last 10-Days
15.080 - High
14.905 - Last Price
14.875 - Low
14.873 - 3-Day Simple Moving Average
14.820 - 20-Day Simple Moving Average Plus 1 Standard Deviation
14.541 - 50-Day Simple Moving Average
14.531 - 10-Day Simple Moving Average
14.528 - 25-Day Simple Moving Average
14.213 - 20-Day Simple Moving Average Minus 1 Standard Deviation
13.910 - 20-Day Simple Moving Average Minus 2 Standard Deviations
13.740 - Lowest Low in last 10-Days
13.734 - 100-Day Simple Moving Average
13.510 - 200-Day Simple Moving Average
13.325 - Lowest Low in last 50-Days
MCXARUN
9994500540
Gold trading is weaker in ACCESS trade this morning reversing the firmer tone seen during the prior session. Trend indicators are indicating a bullish market and the overall strength of the trend is strong, as indicated by the ADX. Momentum readings are also in bullish territory. However, the market just signaled a bearish key reversal off a 10-Day new high, indicating potential weakness to come.
TREND INDICATORS:
Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.
Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias.
Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.
ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is rising, while the long term trend, based on a 50-Day moving average, is up. As the ADX is rising it indicates that the current trend is strong and should remain intact. Look for the current trend to continue.
MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory. However, the market just signaled a bearish key reversal off a 10-Day new high, indicating potential weakness to come.
RSI: The 14-Day RSI is in neutral territory. (RSI is at 63.84). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 63.84 the market is somewhat overbought suggesting a possible market decline. Further, a bearish key reversal off a 10-Day new high here makes a downturn in the market even more likely
VOLATILITY INDICATORS:
Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be increasing, as evidenced by a larger distance between the upper and lower bands over the past few sessions. Despite this overbought condition the market may become more overbought before turning lower. As a result, the market will look for additional weakening in prices before turning bearish on this indicator.
RESISTANCE AND SUPPORT LEVELS:
848.00 - Highest High in last 50-Days
847.40 - High
847.40 - Highest High in last 10-Days
839.43 - 20-Day Simple Moving Average Plus 2 Standard Deviations
838.70 - Last Price
837.73 - 3-Day Simple Moving Average
837.50 - Low
826.08 - 20-Day Simple Moving Average Plus 1 Standard Deviation
818.99 - 10-Day Simple Moving Average
812.33 - 25-Day Simple Moving Average
805.59 - 50-Day Simple Moving Average
799.38 - 20-Day Simple Moving Average Minus 1 Standard Deviation
789.60 - Lowest Low in last 10-Days
786.03 - 20-Day Simple Moving Average Minus 2 Standard Deviations
760.79 - 100-Day Simple Moving Average
749.00 - Lowest Low in last 50-Days
716.12 - 200-Day Simple Moving Average
COMEX Silver:
Silver futures are higher this morning extending the prior sessions gains. Trend indicators have turned from a neutral price pattern to a bullish bias and the overall strength of the trend is strong, as indicated by the ADX.
TREND INDICATORS:
Simple Moving Average (10-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 10-Day simple moving average has a strong bullish bias.
Simple Moving Average (25-Day): Recent activity this morning has seen prices trade above this moving average. However, even though prices are trading above the moving average, the moving average slope is down from the previous session. Should prices continue higher the moving average will eventually follow and then the up trend will be more clearly established. However, this weakness in the moving average will need to be watched. As a result the 25-Day simple moving average has a weak bullish bias.
Simple Moving Average (50-Day): Recent activity this morning has seen prices trade above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias.
ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is rising, while the long term trend, based on a 50-Day moving average, is up. As the ADX has turned higher also this indicates a strengthening in the current upward trend and further gains are possible from here.
MOMENTUM INDICATORS:
MACD: The MACD is in bullish territory.
RSI: The 14-Day RSI is in neutral territory. (RSI is at 59.21). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 59.21 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here.
VOLATILITY INDICATORS:
Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be increasing, as evidenced by a larger distance between the upper and lower bands over the past few sessions. Despite this overbought condition the market may become more overbought before turning lower. As a result, the market will look for additional weakening in prices before turning bearish on this indicator.
RESISTANCE AND SUPPORT LEVELS:
16.275 - Highest High in last 50-Days
15.123 - 20-Day Simple Moving Average Plus 2 Standard Deviations
15.080 - Highest High in last 10-Days
15.080 - High
14.905 - Last Price
14.875 - Low
14.873 - 3-Day Simple Moving Average
14.820 - 20-Day Simple Moving Average Plus 1 Standard Deviation
14.541 - 50-Day Simple Moving Average
14.531 - 10-Day Simple Moving Average
14.528 - 25-Day Simple Moving Average
14.213 - 20-Day Simple Moving Average Minus 1 Standard Deviation
13.910 - 20-Day Simple Moving Average Minus 2 Standard Deviations
13.740 - Lowest Low in last 10-Days
13.734 - 100-Day Simple Moving Average
13.510 - 200-Day Simple Moving Average
13.325 - Lowest Low in last 50-Days
MCXARUN
9994500540
today trend
CRUDE OIL (January) BULLISH ABOVE 3880BEARISH BELOW 3863
GOLD (February) BULLISH ABOVE 10840 BEARISH BELOW 10805
SILVER (March) BULLISH ABOVE 19820 BEARISH BELOW 19780
COPPER (February) BULLISH ABOVE 268.40 BEARISH BELOW 267.70
LEAD (January) BULLISH ABOVE 103.50 BEARISH BELOW 103.10
NICKEL (January) BULLISH ABOVE 1064 BEARISH BELOW 1058
ZINC (January) BULLISH ABOVE 96.10 BEARISH BELOW 95.70
MCXARUN
9994500540
GOLD (February) BULLISH ABOVE 10840 BEARISH BELOW 10805
SILVER (March) BULLISH ABOVE 19820 BEARISH BELOW 19780
COPPER (February) BULLISH ABOVE 268.40 BEARISH BELOW 267.70
LEAD (January) BULLISH ABOVE 103.50 BEARISH BELOW 103.10
NICKEL (January) BULLISH ABOVE 1064 BEARISH BELOW 1058
ZINC (January) BULLISH ABOVE 96.10 BEARISH BELOW 95.70
MCXARUN
9994500540
energy intraday
MCX Crude Oil Jan traded higher on Wednesday higher after news that militants attacked Port Harcourt, Nigeria yesterday, killing at least 13 people. The attack did not stop oil production, but is a reminder of how dangerous the situation is in Nigeria at a time when the world is in need of every drop of oil produced.
Bitter cold temperatures hit most of the U.S. this morning, but a warming trend is expected in the next ten days.
The U.S. Energy Department's weekly inventory reports will be released on Thursday for crude oil and on Friday for natural gas due to the holiday schedule. US crude oil stocks are expected to have fallen for the seventh week in a row last week, according to analysts polled by Thomson Financial News.
MCX Crude Oil Jan (Daily Chart)
Technical Outlook:
Momentum studies have turned bullish; will tend to support reversal action if it occurs. The daily stochastics have crossed over up which is a bullish indication. The stochastics indicators are increasing from over sold level, which is bullish and should support higher prices. The market's short-term trend is positive as the close remains above the 18-day EMA. The downside closing price reversal on the daily chart is somewhat positive.
Recommendations:
MCX Crude Oil Jan: Buy at 3840-20 for target of 3920 and 3960 with stop loss below 3780
MCX Natural gas Jan (Daily Chart)
Technical Outlook:
Momentum studies have turned bullish; will tend to support reversal action if it occurs. The daily stochastics have crossed over up which is a bullish indication. The stochastics indicators are increasing from over sold level, which is bullish and should support higher prices. The market's short-term trend is positive as the close remains above the 18-day EMA. The downside closing price reversal on the daily chart is somewhat positive.
Recommendations:
MCX Natural Gas Jan: Buy at 300-301 for the target of 315 and 325 with stop loss at 292
MCXARUN
9994500540
Bitter cold temperatures hit most of the U.S. this morning, but a warming trend is expected in the next ten days.
The U.S. Energy Department's weekly inventory reports will be released on Thursday for crude oil and on Friday for natural gas due to the holiday schedule. US crude oil stocks are expected to have fallen for the seventh week in a row last week, according to analysts polled by Thomson Financial News.
MCX Crude Oil Jan (Daily Chart)
Technical Outlook:
Momentum studies have turned bullish; will tend to support reversal action if it occurs. The daily stochastics have crossed over up which is a bullish indication. The stochastics indicators are increasing from over sold level, which is bullish and should support higher prices. The market's short-term trend is positive as the close remains above the 18-day EMA. The downside closing price reversal on the daily chart is somewhat positive.
Recommendations:
MCX Crude Oil Jan: Buy at 3840-20 for target of 3920 and 3960 with stop loss below 3780
MCX Natural gas Jan (Daily Chart)
Technical Outlook:
Momentum studies have turned bullish; will tend to support reversal action if it occurs. The daily stochastics have crossed over up which is a bullish indication. The stochastics indicators are increasing from over sold level, which is bullish and should support higher prices. The market's short-term trend is positive as the close remains above the 18-day EMA. The downside closing price reversal on the daily chart is somewhat positive.
Recommendations:
MCX Natural Gas Jan: Buy at 300-301 for the target of 315 and 325 with stop loss at 292
MCXARUN
9994500540
mcx charts
this is mcx gold day chart, every color indicaters are moveing averages, itz work as support and resist,
click the pic to view large
this is mcx silver day chart, every color indicaters are moveing averages, itz work as support and resist,
click the pic to view large
MCXARUN
9994500540
click the pic to view large
this is mcx silver day chart, every color indicaters are moveing averages, itz work as support and resist,
click the pic to view large
MCXARUN
9994500540
10 rules for successful trading
raders have developed lots of rules over the years in an attempt to refine the way they make trading decisions. So it’s not hard to come up with a list of 10 trading rules that can be part of a trading plan. Some are generic and general and not exclusive to any particular trader or trading approach. Others can be very precise as traders tweak rules into their trading system. The rules below have been selected for their broad appeal to many types of traders. They are presented in no particular order of importance.
1. Don’t trade markets about which you know very little.
This is not to imply that you have to be a fundamental expert on every market you wish to trade. However, you should know about what fundamentals are impacting, or could impact, a market you are contemplating trading. For example, a person who has only traded grains would not want to jump right into a Treasury Bond futures trade without first doing a bit of homework on how the bond market trades – price increments (dollar amount per tick), trading hours, on what exchange the market trades, etc.
A trader could pick up a Wall Street Journal and read the “Credit Markets” section for a week or so to become familiar with fundamental factors that influence the bond market. Also, consider this: Most traders enjoy the process of trading. If they did not, they would likely just hand their money over to a “fund manager” and give the manager discretionary control over their money. Learning and knowing what fundamental factors are impacting or could impact a market that a trader plans to trade is part of the process (enjoyment) of trading.
2. Don’t trade hot “tips.”
You may trade for 20 years and never hear a good trading tip. Reason: There aren’t any . . . at least not any that are any good for regular individual traders. Markets are way too big and too tightly regulated to be impacted by any tips or inside information. Any legitimate “early information” has almost certainly already been factored into the market price structure by the time most individual traders could ever benefit from it.
Don’t confuse tips with rumors. Markets do move on rumors more than just occasionally. Rumors are a part of trading but still fall into the category of “not much use” to off-floor traders. Besides, many rumors are never confirmed as fact and are often self-serving to those who try to start them.
3. Don’t get too fancy with your market orders.
Entering a trade “at the market” with a market order may be the best way to enter a trading position, especially in markets that are liquid (have high open interest). It’s certainly the easiest way to enter. Fiddling around with limit or stop-limit or other multi-step orders to save a tick or two or three can cost a trader a good entry point or even a missed trade altogether.
It’s certainly easy to be guilty of this offense because every trader is always trying to get just a little better price. This doesn’t mean that limit or stop-limit or other types of orders are not useful in certain circumstances because they are. However, most trade entries are best made “at the market.” Look at pitchers in major league baseball who “nibble” with their pitches around home plate. Most wind up with a walk instead of an out.
4. Don’t form a new market opinion during trading hours.
This rule goes hand in hand with the rule that says you need to stick to your trading plan of action. Day-to-day market “noise,” or the minor up-and-down price fluctuations of a market, can be at least distracting to a trader and at most prompt the trader to make a hasty and poorly founded trading decision.
5. Don’t force trades; if you don’t see a trade, stand aside.
Don’t chase a market just to put on a trade. Try to exhibit patience and discipline in trading – easily said but hard to follow. Patience and discipline are not easy virtues for any trader to learn because a typical futures trader has a “Type A” personality with a competitive nature who hates to wait in lines. However, to have even a chance at success in trading, you have to control your impatience. If you happen to miss a trading opportunity because you waited too long, other trading opportunities will come along.
A good trade is usually profitable right from the beginning. If the market price moves “your way” in the first couple days after you’ve executed the trade, then odds are significantly higher that your trade will be a winner if you have waited patiently for the right position. This rule reinforces the notion that tight protective stops are an important part of trading success. But there is a time to be impatient: If a straight futures trade is under water after two or three days, more times than not it’s prudent to take a small loss and move on. Do not be patient with losers.
6. Use intermarket analysis to spot trading opportunities.
No market trades in isolation but is influenced by what is happening in a number of related markets. Don’t focus on just one market as much of today’s single-market technical analysis does. Instead, take into account developments in other markets that are likely to affect prices in your target market. If you trade stock indexes, you have to be aware of what is taking place in interest rate, currency and commodity markets such as gold. The price of a market you want to trade may be the sum of what is happening in ten or more interrelated markets.
7. Watch open interest statistics, especially in options.
When you are contemplating trading any contract, make sure to first check the open interest for that specific contract or strike price. If a futures contract or options strike price has a low open interest total, it is probably best to seek out a more liquid contract. Fills on both entry and exit can be tough and may produce more slippage than is desired. When you get into a position, be sure it is liquid enough so you can get out on favorable terms.
8. Know what you can and cannot control.
You can control the market you want to trade. You can control the type of market order you want to give your broker. You can control when you want to enter the market. You can control the amount of contracts you wish to trade. You can control when you want to exit the market.
But you can’t control the market, which often has a habit of doing unusual and unexpected things. Knowing and prudently managing the market factors you can control and knowing that you cannot control the market gives you a trading edge.
9. Make the market’s action confirm your opinions.
If you have a particular market on your “radar screen” for a trade, don’t just jump in based on a hunch or a “gut feeling” or because you want to get a fill right away. That’s when a market order advised above may not be in your best interest. Make the market first confirm your opinion. Make the market show you some strength if you want to be long, or make it show you some weakness if you want to be short.
10. Do not overtrade.
Trying to trade too many markets or too many contracts in one market can create problems for an undercapitalized trader. There is no set rule for how many markets a trader should trade at one time. Some traders can trade many markets at the same time and not have a problem. However, if you are feeling stress about a position you are carrying or can’t keep up with what’s going on in all the markets you are trading, then you are likely over-trading.
For those traders who are really not sure how many markets to trade at one time or how many contracts to trade for each position, it’s always better to take a conservative approach. Step in slowly until you become comfortable trading in a larger size or in multiple markets.
1. Don’t trade markets about which you know very little.
This is not to imply that you have to be a fundamental expert on every market you wish to trade. However, you should know about what fundamentals are impacting, or could impact, a market you are contemplating trading. For example, a person who has only traded grains would not want to jump right into a Treasury Bond futures trade without first doing a bit of homework on how the bond market trades – price increments (dollar amount per tick), trading hours, on what exchange the market trades, etc.
A trader could pick up a Wall Street Journal and read the “Credit Markets” section for a week or so to become familiar with fundamental factors that influence the bond market. Also, consider this: Most traders enjoy the process of trading. If they did not, they would likely just hand their money over to a “fund manager” and give the manager discretionary control over their money. Learning and knowing what fundamental factors are impacting or could impact a market that a trader plans to trade is part of the process (enjoyment) of trading.
2. Don’t trade hot “tips.”
You may trade for 20 years and never hear a good trading tip. Reason: There aren’t any . . . at least not any that are any good for regular individual traders. Markets are way too big and too tightly regulated to be impacted by any tips or inside information. Any legitimate “early information” has almost certainly already been factored into the market price structure by the time most individual traders could ever benefit from it.
Don’t confuse tips with rumors. Markets do move on rumors more than just occasionally. Rumors are a part of trading but still fall into the category of “not much use” to off-floor traders. Besides, many rumors are never confirmed as fact and are often self-serving to those who try to start them.
3. Don’t get too fancy with your market orders.
Entering a trade “at the market” with a market order may be the best way to enter a trading position, especially in markets that are liquid (have high open interest). It’s certainly the easiest way to enter. Fiddling around with limit or stop-limit or other multi-step orders to save a tick or two or three can cost a trader a good entry point or even a missed trade altogether.
It’s certainly easy to be guilty of this offense because every trader is always trying to get just a little better price. This doesn’t mean that limit or stop-limit or other types of orders are not useful in certain circumstances because they are. However, most trade entries are best made “at the market.” Look at pitchers in major league baseball who “nibble” with their pitches around home plate. Most wind up with a walk instead of an out.
4. Don’t form a new market opinion during trading hours.
This rule goes hand in hand with the rule that says you need to stick to your trading plan of action. Day-to-day market “noise,” or the minor up-and-down price fluctuations of a market, can be at least distracting to a trader and at most prompt the trader to make a hasty and poorly founded trading decision.
5. Don’t force trades; if you don’t see a trade, stand aside.
Don’t chase a market just to put on a trade. Try to exhibit patience and discipline in trading – easily said but hard to follow. Patience and discipline are not easy virtues for any trader to learn because a typical futures trader has a “Type A” personality with a competitive nature who hates to wait in lines. However, to have even a chance at success in trading, you have to control your impatience. If you happen to miss a trading opportunity because you waited too long, other trading opportunities will come along.
A good trade is usually profitable right from the beginning. If the market price moves “your way” in the first couple days after you’ve executed the trade, then odds are significantly higher that your trade will be a winner if you have waited patiently for the right position. This rule reinforces the notion that tight protective stops are an important part of trading success. But there is a time to be impatient: If a straight futures trade is under water after two or three days, more times than not it’s prudent to take a small loss and move on. Do not be patient with losers.
6. Use intermarket analysis to spot trading opportunities.
No market trades in isolation but is influenced by what is happening in a number of related markets. Don’t focus on just one market as much of today’s single-market technical analysis does. Instead, take into account developments in other markets that are likely to affect prices in your target market. If you trade stock indexes, you have to be aware of what is taking place in interest rate, currency and commodity markets such as gold. The price of a market you want to trade may be the sum of what is happening in ten or more interrelated markets.
7. Watch open interest statistics, especially in options.
When you are contemplating trading any contract, make sure to first check the open interest for that specific contract or strike price. If a futures contract or options strike price has a low open interest total, it is probably best to seek out a more liquid contract. Fills on both entry and exit can be tough and may produce more slippage than is desired. When you get into a position, be sure it is liquid enough so you can get out on favorable terms.
8. Know what you can and cannot control.
You can control the market you want to trade. You can control the type of market order you want to give your broker. You can control when you want to enter the market. You can control the amount of contracts you wish to trade. You can control when you want to exit the market.
But you can’t control the market, which often has a habit of doing unusual and unexpected things. Knowing and prudently managing the market factors you can control and knowing that you cannot control the market gives you a trading edge.
9. Make the market’s action confirm your opinions.
If you have a particular market on your “radar screen” for a trade, don’t just jump in based on a hunch or a “gut feeling” or because you want to get a fill right away. That’s when a market order advised above may not be in your best interest. Make the market first confirm your opinion. Make the market show you some strength if you want to be long, or make it show you some weakness if you want to be short.
10. Do not overtrade.
Trying to trade too many markets or too many contracts in one market can create problems for an undercapitalized trader. There is no set rule for how many markets a trader should trade at one time. Some traders can trade many markets at the same time and not have a problem. However, if you are feeling stress about a position you are carrying or can’t keep up with what’s going on in all the markets you are trading, then you are likely over-trading.
For those traders who are really not sure how many markets to trade at one time or how many contracts to trade for each position, it’s always better to take a conservative approach. Step in slowly until you become comfortable trading in a larger size or in multiple markets.
outlook
February gold closed sharply higher on Wednesday and above November's high crossing at 855.00. The high-range close sets
the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but are neutral signaling that
sideways to higher prices are possible near-term. If February extends this month's rally, weekly resistance crossing at 874.00 is
the next upside target. Closes below the 10-day moving average crossing at 824.90 would signal that a double top with
November's high has been posted. First resistance is today's high crossing at 864.90 then weekly resistance crossing at 874.00.
First support is the 10-day moving average crossing at 824.90 then the 20-day moving average crossing at 815.90.
March silver closed sharply higher on Wednesday and as it extends last week's rally above the previous reaction high crossing
at 14.975. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are
becoming overbought but remains neutral to bullish signaling that sideways to higher prices are possible near-term. If March
extends this week's rally, the 75% retracement level of the November-December decline crossing at 15.768 is the next upside
target. Closes below the 20-day moving average crossing at 14.571 would confirm that a short-term top has been posted. First
resistance is today's high crossing at 15.415 then the 75% retracement level crossing at 15.768. First support is the 10-day
moving average crossing at 14.664 then the 20-day moving average crossing at 14.571.
February crude oil closed sharply higher on Wednesday and hit $100 per barrel as it closed well above November's high
crossing at 98.12. Unrest in Nigeria, which triggered supply concerns underpinned today's rally. The high-range close sets the
stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but are neutral signaling that
sideways to higher prices are possible. Closes below the 20-day moving average crossing at 92.19 would temper the near-term
friendly outlook in the market. If February extends today's rally, upside targets will be hard to project now that February is
trading into uncharted territory. First resistance is today's high crossing at 100.00. First support is broken resistance marked by
November's high crossing at 98.12. Second support is the 10-day moving average crossing at 94.35.
February Henry natural gas gapped up and closed above the reaction high crossing at 7.608 on Wednesday confirming that a
low has been posted. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI
are bullish signaling that sideways to higher prices are possible near-term. If February extends this week's rally, the 50%
retracement level of the November-December decline crossing at 8.010 is the next upside target. First resistance is today's high
crossing at 7.802 then the 50% retracement level crossing at 8.010. First support is the 10-day moving average crossing at
7.327 then the 20-day moving average crossing at 7.272.
MCXARUN
9994500540
the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but are neutral signaling that
sideways to higher prices are possible near-term. If February extends this month's rally, weekly resistance crossing at 874.00 is
the next upside target. Closes below the 10-day moving average crossing at 824.90 would signal that a double top with
November's high has been posted. First resistance is today's high crossing at 864.90 then weekly resistance crossing at 874.00.
First support is the 10-day moving average crossing at 824.90 then the 20-day moving average crossing at 815.90.
March silver closed sharply higher on Wednesday and as it extends last week's rally above the previous reaction high crossing
at 14.975. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are
becoming overbought but remains neutral to bullish signaling that sideways to higher prices are possible near-term. If March
extends this week's rally, the 75% retracement level of the November-December decline crossing at 15.768 is the next upside
target. Closes below the 20-day moving average crossing at 14.571 would confirm that a short-term top has been posted. First
resistance is today's high crossing at 15.415 then the 75% retracement level crossing at 15.768. First support is the 10-day
moving average crossing at 14.664 then the 20-day moving average crossing at 14.571.
February crude oil closed sharply higher on Wednesday and hit $100 per barrel as it closed well above November's high
crossing at 98.12. Unrest in Nigeria, which triggered supply concerns underpinned today's rally. The high-range close sets the
stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but are neutral signaling that
sideways to higher prices are possible. Closes below the 20-day moving average crossing at 92.19 would temper the near-term
friendly outlook in the market. If February extends today's rally, upside targets will be hard to project now that February is
trading into uncharted territory. First resistance is today's high crossing at 100.00. First support is broken resistance marked by
November's high crossing at 98.12. Second support is the 10-day moving average crossing at 94.35.
February Henry natural gas gapped up and closed above the reaction high crossing at 7.608 on Wednesday confirming that a
low has been posted. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI
are bullish signaling that sideways to higher prices are possible near-term. If February extends this week's rally, the 50%
retracement level of the November-December decline crossing at 8.010 is the next upside target. First resistance is today's high
crossing at 7.802 then the 50% retracement level crossing at 8.010. First support is the 10-day moving average crossing at
7.327 then the 20-day moving average crossing at 7.272.
MCXARUN
9994500540
GENERAL MARKET CONDITIONS
Expect more investment demand in gold and silver after yesterday’s start to the first trading day of 2008. Yesterday’s rise was a bit of surprise. The common factor for the rise in commodities was switching away from US dollar denominated assets. US equities fell along with the US dollar. The cycle is simple, a weaker US dollar results in higher energy prices which is turn results in higher gold and other investments denominated in US dollars. Basically, it is all due the US dollar weakness. Another reason is that US and other central banks have created too much liquidity in the last quarter of 2007 to get over slower growth which is resulting in too much money chasing too few goods.
Crude oil and the US dollar will dictate metals. I am not a crude oil expert for what will be 2008's top price - that remains to be seen. Technically, traders will be apprehensive to go short before next week.
OLD -- FEBRURAY FUTURE -- INTRA DAY PIVOT:$852.0
As long as gold holds $848 it will target $887.80 and $897 in short term. A consolidated fall below $848 will result in $830 and $818.
NYMEX CRUDE OIL -- FUTURE -- INTRA DAY PIVOT: $102.0
Crude oil targets $109.10 and $114.70 on a break of $102. On the lower side as long as $97.60 holds downside will be limited.
MCXARUN
9994500540
Crude oil and the US dollar will dictate metals. I am not a crude oil expert for what will be 2008's top price - that remains to be seen. Technically, traders will be apprehensive to go short before next week.
OLD -- FEBRURAY FUTURE -- INTRA DAY PIVOT:$852.0
As long as gold holds $848 it will target $887.80 and $897 in short term. A consolidated fall below $848 will result in $830 and $818.
NYMEX CRUDE OIL -- FUTURE -- INTRA DAY PIVOT: $102.0
Crude oil targets $109.10 and $114.70 on a break of $102. On the lower side as long as $97.60 holds downside will be limited.
MCXARUN
9994500540
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