Gold, Silver, Oil Weekly Analysis | 01 4月 2016

Gold weekly Review

Weekly Review

During the previous trading day, Gold markets rebounded from the upper thick green trend line and even broke below the next thin trend line. During this week, we expect to continue short with our ultimate target along the middle supportive trend line. Ideally, during the course of the coming month, we expect complete wave (a), and to begin wave (b). the anticipated downward movements is highly anticipated since the intraday stochastic has just crpssed below the 80 mark and is headed towards the 50 level. We will thus be looking to take our profits when the stochastic hits the 50th level.

Trade Recommendations:

During this week, expect the price to trade short with an ultimate target along the middle trend line. The anticipated short positions should have targets at 1187, 1126, 1074 and the middle trend line.

Silver weekly Review

Weekly Review:

During the previous trading week, Silver bounced off from the red middle trend line and is currently headed short. As previously forecasted, we expect the pair to continue short with our target along the lower supportive trend line. Ideally, the trend line should mark the end of the black wave [5] and to signal the beginning of the larger green wave [4]. we will wait for a clear close below 14.66 to mark the continuation of the downward rally with our next target at 13.77, a break below 13.77 will mean we are headed further short with our ultimate target along the lower supportive trend line. We will however remain short only as as long as the intraday stochastic remains bearish and trades below the 80th level. If the stochastic break above the 80 level, then we will take our profits and look for potential buy levels.

Trade Recommendations.

During this week, expect silver markets to trade in the lower ranges. the anticipated sell orders should have targets at 14.66. A break below this level will mean we are headed further short our next target at 13.77, a break below 13.77 will mean we are headed further short with our ultimate target along the lower supportive trend line.

Oil weekly Review

Weekly Review:

During the previous trading week, oil markets traded long but is yet to reach our target of the upper resistive trend line. During this week, we wait for minor downward retracement towards 38.00 to go long with our ultimate target at 47.03. If the anticipated pullback goes below 33.93, then we will be looking for short positions with our targets at 26.25, and the next target along the lower supportive trend line. However, as long as the commodity trades above 40.53, we are long with wave 4 with our target at 47.03.

Trade Recommendations:

Wait for minor pullback towards 38.00 to go long with your ultimate target at 47.03. If the anticipated pullback goes below 33.93, then we will be looking for short positions with our targets at 26.25, and the next target along the lower supportive trend line

Facebook

Twitter

Bob Stan

同意该评论吗?同意不同意

交易员的评论:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Gold, Silver, Oil Weekly Analysis | 01 4月 2016

分享

Bob Stan

我们的奖项: