Silver Looks to Correct Gains; Might Reach $31.50
February 25, 2011 12:39 pm by Yan PettersDuring the past month, silver prices climbed steadily and spot-silver peaked at $34.30. However, the commodity then entered a moderate bearish correction, which took it down to $31.70 an ounce. Currently, silver has stabilized around the $32.70 level. Nevertheless, technical ...
USD/CHF Testing Strong Support Level
February 23, 2011 5:24 pm by Yan PettersThe USD/CHF pair has resumed a downtrend recently, and is currently trading near the 0.9325 level. The pair saw several failed attempts to cross the 0.9300 level over the past couple of months. Now it seems that the strong bearish ...
Rounding Bottom Pattern Suggests Gold Will Hit $1,420
February 23, 2011 2:11 pm by Yan PettersFollowing the protests in the Middle East during the past month, demand for gold as an alternative investment is reaching new highs. As a result, gold climbed from $1,307 an ounce to the $1,410 level in about four weeks. Due ...
Crude Oil Soars To $95.45 a Barrel
February 21, 2011 7:05 pm by Yan PettersIn light of recent developments in the Middle East, crude oil prices climbed today to $94.45 a barrel. Moreover, the 4-hour chart below indicates that the bullish move still has potential to extend further. The Slow Stochastic, the MACD and ...
Heavy News Day Looks to Create Unusual Trading Opportunities
February 15, 2011 6:57 am by Yan PettersYesterday we experienced a relatively timid trading day. In the forex market, the euro fell about 120 pips vs. the U.S. dollar in morning trading, after European finance ministers decided to rule out immediate steps to fight off the region’s ...
Crude Falls to $87.17; German Industrial Production on Tap
February 8, 2011 7:00 am by Yan PettersYesterday, while we witnessed rather peaceful trading in the forex frontier, crude oil prices continued to slide, and a barrel of crude fell about 120 pips. Crude oil is currently approaching a one-week low.
Egyptian Unrest Boosts Crude Oil, Gold and the Yen
January 31, 2011 5:49 am by Yan PettersLast week’s most notable trends were the bearish crude oil and the bearish Japanese yen. And then, with a blink of an eye the trends have sharply reversed. By Friday evening, it was quite clear that the protests in Egypt ...
What to Expect Next Week in the Forex Market
January 28, 2011 7:15 pm by Yan PettersAs this week is about to end and the market is set to be closed, here’s a list of what looks to be next week’s biggest events in the forex market. Next week will certainly be an unusual trading week, ...
Crude Oil with a Fifth Attempt to Cross the $92.60 Level
January 18, 2011 2:33 pm by Yan PettersBy observing the weekly chart, it can be easily deduced that crude oil has advanced gradually since February 2008. The commodity has almost tripled in value from $33 a barrel to its current level of $92 in less than 2 ...
GBP/JPY Cross Fibonacci 76.4% Resistance Level, Aims 134.00
January 18, 2011 10:36 am by Yan PettersFollowing the better than expected end result of the British Consumer Price Index (CPI), the British pound strengthened against most of its major currency rivals. As a result, the GBP/JPY pair climbed about 70 pips within 20 minutes, and is ...
