| 50% | 50% |
Wednesday 19th June 2013
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ENERGY |
US OIL closed higher on Tuesday and the highrange close sets the stage for a steady to higher opening when Wednesday's night session begins. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible nearterm. If it extends the aforementioned rally, February's high crossing is the next upside target. Closes below the 20day moving average crossing would temper the nearterm friendly outlook.
NATURAL GAS closed higher on Tuesday and the midrange close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted. If it extends the decline off May's high, the 75% retracement level of this year's rally crossing is the next downside target.
Wednesday 19th June 2013
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FX - EURO |
The EURO closed higher on Tuesday and the highrange close sets the stage for a steady o higher 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 month's rally, the 75% retracement level of the FebruaryApril decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
Wednesday 19th June 2013
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FX - YEN |
The YEN close 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 bearish signalling that sideways to lower prices are possible nearterm. If it extends the rally off May's high, April's low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm bottom has been posted.
Wednesday 19th June 2013
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FX - SWISS FRANC |
The SWISS FRANC closed lower on Tuesday. 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 the rally off May's high, February's low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm bottom has been posted.
Wednesday 19th June 2013
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FX - STERLING |
STERLING 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 bullish signalling that sideways to higher prices are possible nearterm. If it extends this month's rally, the 75% retracement level of the FebruaryMarch decline crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a top has been posted.
Wednesday 19th June 2013
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BULLION - GOLD |
GOLD 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 bearish signalling that sideways to lower prices are possible nearterm. If it renews this month's decline, May's low crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a shortterm low has been posted.
Wednesday 19th June 2013
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BULLION - SILVER |
SILVER closed lower on Tuesday. The lowrange close set the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews last week's decline, May's low crossing then the 75% retracement level of the 20082011rally crossing are the next downside target. Closes above the reaction high crossing are needed to confirm that a low has been posted.
Wednesday 19th June 2013
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INDICIES - US 30 |
US30 Index CFD closed higher on Tuesday and the highrange close sets the stage for a steady o higher opening on Wednesday. Stochastics and the RSI are diverging but are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. Multiple closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If the Dow renews the decline off May's high, the 25% retracement level of the NovemberMay rally crossing is the next downside target.
Wednesday 19th June 2013
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INDICIES - US 100 |
US 100 Index CFD closed higher 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 are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing would confirm that a low has been posted. If it extends the decline off May's high, the 38% retracement level of the NovemberMay rally crossing is the next downside target.
Wednesday 19th June 2013
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INDICIES - US 500 |
US 500 Index CFDclosed higher 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 have turned neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted. If renews the decline off May's high, the 38% retracement level of the NovemberMay rally crossing is the next downside target.
Wednesday 19th June 2013
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COMMODITIES - US COFFEE |
US COFFEE CFD closed higher on Tuesday and the midrange close set the stage for a steady opening on Wednesday. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews the decline off May's high, weekly support crossing is the next downside target. Closes above the 20day moving average crossing are needed to 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
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This is a stock market index for the Tokyo exchange. It is a price-weighted average and the components or stocks enlisted within this index are reviewed on a yearly basis.
Japan 225 INDEX is a popular product for many traders especially in the Far East as it provides pretty good liquidity and at times can be extremely volatile.
