开始交易

主要 >
外汇分析
>
预测分析
>
Elliott waves for Forex correlation analysis
>
Gold, Silver, Oil Weekly Analysis

Gold, Silver, Oil Weekly Analysis | 05 8月 2016

Gold Weekly Reviews

Gold, Silver, Oil Weekly Analysis

Weekly Reviews 

During the previous week ending 29th July 2016, Gold markets rebound from our support level 1320, headed long and is still pretty much bullish. We expect further movements to the upper side for wave (c) to close around 1434 or even higher. This commodity is highly positively correlated to Silver and will have a similar price action during this week. Ideally, the heaviest commodity, Gold, drags silver with it. Any slight movement in gold attracts a similar price moment in silver.

Trade Recommendations:
 
Expect a possible bullish price rally towards 1434 or even higher.
 
Silver Weekly Reviews
Gold, Silver, Oil Weekly Analysis
 

Weekly Reviews:

During the previous week ending 29th July 2016, Silver markets rebound from our support level 19.43, headed long and is still pretty much bullish. We expect further movements to the upper side for wave (c) to close around 23.93 or even higher. This view can only be rendered futile in case the price end up closing below 19.43, a clear breakout below 19.43 will culminate into a possible bearish price movements towards 16.08 or even lower. This commodity should be traded alongside gold, these two commodities have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.
 
Trade Recommendations:
 
 Expect a possible bullish price rally towards 23.93 or even higher.
Oil Weekly Reviews
Gold, Silver, Oil Weekly Analysis
 

Weekly Reviews

During the previous week ending 29th July 2016, Oil markets traded perfectly short as previously forecasted and even broke below a key support level 41.65. From the current chart set up, wave (c) is likely to continue to the lower side but should not go beyond 38.94. A clear breakout below with level will lead to further movements to the lower side. In the meantime, we are waiting for minor upward pullbacks towards 41.65 to give is low risk sell opportunities with an ideal target at 38.94 or even low to 33.39.

Trade Recommendations:
 
Expect a possible bearish price rally towards 38.94 or even low to 33.39.
 

 

Bob Stan
同意该评论吗?
交易员的评论:

Close
授权

显示密码

隐藏密码

 忘了密码呢？
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.

我们的奖项:

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.