| 50% | 50% |
Thursday 23rd May 2013
 |
ENERGY |
US OIL closed lower on Wednesday and the lowrange close sets the stage for a steady to lower opening when Thursday's night session begins. Stochastics and the RSI are turning neutral hinting that a double top might be in or is near. Closes below last Wednesday's low crossing would confirm that a double top has been posted. If it extends the rally off April's low, April's high crossing is the next upside target.
NATURAL GAS closed lower on Wednesday and the midrange close sets the stage for a steady opening on Thursday. 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. Closes below the 10day moving average crossing would confirm that a shortterm top has been posted.
Thursday 23rd May 2013
 |
FX - EURO |
The EURO posted a key reversal down on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday'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.
Thursday 23rd May 2013
 |
FX - YEN |
The YEN closed higher on Wednesday and the midrange close sets the stage for a steady opening when Thursday'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.
Thursday 23rd May 2013
 |
FX - SWISS FRANC |
The SWISS FRANC closed lower on Wednesday and the midrange close sets the stage for a steady opening when Thursday'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 rally off last week's low, the July 2012 low crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.
Thursday 23rd May 2013
 |
FX - STERLING |
STERLING closed lower on Wednesday and the lowrange close sets the stage for a steady to lower opening when Thursday'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, March'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.
Thursday 23rd May 2013
 |
BULLION - GOLD |
GOLD closed lower on Wednesday and the lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. 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.
Thursday 23rd May 2013
 |
BULLION - SILVER |
SILVER closed lower on Wednesday and the lowrange close set the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are 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.
Thursday 23rd May 2013
 |
INDICIES - US 30 |
US30 Index CFD posted a key reversal down on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. The lowrange close sets the stage for a steady to lower opening on Thursday. 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.
Thursday 23rd May 2013
 |
INDICIES - US 100 |
US 100 Index CFD posted a key reversal down on Wednesday and the lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a shortterm top might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it extends the aforementioned rally, weekly resistance crossing is the next upside target.
Thursday 23rd May 2013
 |
INDICIES - US 500 |
US 500 Index CFD posted a key reversal down on Wednesday and the lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a shortterm top might be in or is near. 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.
Thursday 23rd May 2013
 |
COMMODITIES - US COFFEE |
US COFFEE CFD closed sharply lower on Wednesday and the lowrange close set the stage for a steady to lower opening on Thursday. 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 27th September 2011, around 04:00 GMT, the level of US 30 INDEX CFD (SEP 2011 Expiry) was 11960 (bid) – 11968 (offer).
You believe the US 30 INDEX will fall so you take a sell position of $10 per index point movement, at the bid price of 11960.
As you predicted the US 30 INDEX falls during the day, and at around 12:30 GMT, the US 30 INDEX was at 11810 – 11818.
At this point you decide to close the position and realize your profit. You take the opposite position and buy US 30 INDEX at $10 per point at the offer price of 11818.
The level you closed at, 11818 is 142 index points lower than your open level of 11960, and so you realize $1,420 profit (142 points X $10 per point).
Open Level : 11960
Close Level : 11818
Difference : 142 index points
Profit : $1,420
Daylight Saving Time (Summer Time) Trading Hours
Click here
*Our trading hours may be affected by certain market holidays and are also subject to amendment when the US Daylight Saving Time begins and ends. Please refer to our separate announcements or contact our London Dealing Room or Customer Service Team for most updated information.
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.
US 30 INDEX gauges the performance of the industrial component of America’s stock market.
US 30 INDEX is now calculated with 30 of the largest and most widely held public companies in the US. US 30 INDEX is one of HY MARKETS’ most popular indices due to its volatility in recent times.
