| 50% | 50% |
Wednesday 22nd May 2013
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ENERGY |
US OIL posted an inside day with a lower close on Tuesday and the lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible nearterm. If it extends renews the rally off April's low, April's high crossing is the next upside target. Closes below last Wednesday's low crossing would confirm that a shortterm top has been posted.
NATURAL GAS closed higher on Tuesday and the highrange close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off last week's low, the reaction high crossing is the next upside target. If it renews the decline off May's high, the 50% retracement level of this year's rally crossing is the next downside target.
Wednesday 22nd May 2013
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FX - EURO |
The EURO closed higher due to short covering on Tuesday and the highrange close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off May's high, April's low crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a low has been posted.
Wednesday 22nd May 2013
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FX - YEN |
The YEN closed higher on Tuesday and the midrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this year's rally, monthly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.
Wednesday 22nd May 2013
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FX - SWISS FRANC |
The SWISS FRANC closed higher on Tuesday and the midrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to lower prices are possible nearterm. If it extends the rally off last week's high, the July 2012 high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.
Wednesday 22nd May 2013
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FX - STERLING |
STERLING closed lower on Tuesday and the lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month's decline, the reaction low crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a low has been posted.
Wednesday 22nd May 2013
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BULLION - GOLD |
GOLD closed lower on Tuesday and the midrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this month's decline, April's low crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted.
Wednesday 22nd May 2013
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BULLION - SILVER |
SILVER closed lower on Tuesday and the midrange close set the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI are turning bullish signalling that a low might be in or is near. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it extends this month's decline, the 75% retracement level of the 20082011rally crossing is the next downside target.
Wednesday 22nd May 2013
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INDICIES - US 30 |
US30 Index CFD closed higher on Tuesday. Stochastics and the RSI remain neutral to bullish signalling that sideways prices are possible nearterm. The midrange close sets the stage for a steady opening on Wednesday. If the Dow extends the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
Wednesday 22nd May 2013
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INDICIES - US 100 |
US 100 Index CFD closed higher on Tuesday and the midrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the aforementioned rally, weekly resistance crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
Wednesday 22nd May 2013
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INDICIES - US 500 |
US 500 Index CFD closed higher on Tuesday and the midrange close sets the stage for a steady opening when Wednesday's night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
Wednesday 22nd May 2013
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COMMODITIES - US COFFEE |
US COFFEE CFD closed lower on Tuesday as it extended the decline off May's high. The lowrange close set the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, weekly support crossing is the next downside target. Closes above the 10day moving average crossing would confirm that a shortterm low has been posted.
The information set forth herein was obtained from sources which we believe to be reliable, but its accuracy cannot be guaranteed. It is not intended to be an offer, or the solicitation of any offer, to buy or sell the products or instruments referred herein. Any person placing reliance on this commentary to undertake trading does so entirely at their own risk.
On 15th June 2011, around 09:30 GMT, the price of US Coffee CFD (SEP 2011 expiry) was 270.50 (bid) – 270.80 (offer).
You believe the price of Coffee CFD will rise so you take a buy position with a trade size of 50,000 lbs, ($25 per tick; tick size is 0.05), at the offer price of 270.80 cents per lb.
Unfortunately, the price fell, and at around 12:30 GMT, the price of Coffee CFD was at 266.50 (bid) – 266.80 (offer).
At this point you decide to close your position and cut your losses. You take the opposite position and sell 50,000lbs of Coffee CFD at the bid price of $266.50.
The price you closed at, 266.50, is 4.30 cents per lb lower than the price you bought at, and as your position was for 50,000 lbs, you therefore realize a loss t of $2,150 (4.3 cents per lb X 50,000 lbs).
Open Price : 270.80
Close Price : 266.50
Difference : 4.30 cents (86 ticks)
Loss : $2,150
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The cut-off time for all Finance Fees calculations, and also generating statements, is set for all our products to 20:00 GMT when Daylight Saving Time applies in the US and 21:00 GMT when the US changes back to Standard Time. All orders executed before the cut-off time will appear on today's statement. All orders executed after the cut-off time will appear on next day's statement.
Soybean oil is used by the food industry in a variety of food products.It is commonly called 'vegetable oil'. Soybean oil is very popular because it is cheap, healthful and has a high smoke point. It is also used as renewable raw material to produce a variety of non-food products including bio diesel, inks, plasticizers, crayons, paints and soy candles.
