| 50% | 50% |
Thursday 13th June 2013
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ENERGY |
US OIL closed higher on Wednesday as it renewed the rally off June's low. The highrange close sets the stage for a steady to higher opening when Thursday's night session begins. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extends the aforementioned rally, May's high crossing is the next upside target. Closes below the 10day moving average crossing would temper the nearterm friendly outlook.
NATURAL GAS closed higher on Wednesday and the highrange close sets the stage for a steady to higher opening on Thursday. 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, the 75% retracement level of this year's rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.
Thursday 13th June 2013
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FX - EURO |
The EURO closed higher on Wednesday and the highrange close sets the stage for a steady to higher 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 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.
Thursday 13th June 2013
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FX - YEN |
The YEN closed higher on Wednesday and the highrange close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish hinting that a shortterm bottom might be in or is near. Closes above the 20day moving average crossing would confirm that a shortterm boom has been posted. If it extends the decline off May's high, April's low crossing is the next downside target.
Thursday 13th June 2013
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FX - SWISS FRANC |
The SWISS FRANC closed lower 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 rally off May's high, the 87% retracement level of the FebruaryMay rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm bottom has been posted.
Thursday 13th June 2013
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FX - STERLING |
STERLING closed higher on Wednesday and the highrange close sets the stage for a steady to higher 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 month's rally, the 62% 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.
Thursday 13th June 2013
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BULLION - GOLD |
GOLD closed higher due to short covering on Wednesday. The highrange close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm. If it extends this week'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.
Thursday 13th June 2013
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BULLION - SILVER |
SILVER closed higher due to short covering on Wednesday and the midrange close set the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. If extends last Friday's decline, May's low crossing then the 75% retracement level of the 20082011rally crossing are the next downside target.
Thursday 13th June 2013
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INDICIES - US 30 |
US30 Index CFD closed lower on Wednesday and the lowrange close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are 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.
Thursday 13th June 2013
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INDICIES - US 100 |
US 100 Index CFD closed sharply lower on Wednesday. The lowrange close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are 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 September extends the decline off May's high, the 38% retracement level of the NovemberMay rally crossing is the next downside target.
Thursday 13th June 2013
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INDICIES - US 500 |
US 500 Index CFD closed lower 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 are 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 September renews the decline off May's high, the 38% retracement level of the NovemberMay rally crossing is the next downside target.
Thursday 13th June 2013
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COMMODITIES - US COFFEE |
US COFFEE CFD closed sharply lower on Wednesday renewing this year's decline. The lowrange close set the stage for a steady to lower opening on Thursday. 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 shortterm low has been posted. If it renews the decline off May's high, weekly support crossing is the next downside target.
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 11:00 GMT, the Apple share price was 328.80 (bid) – 329.40 (offer).
You believe the share price of Apple will fall so you take a sell position of 100 shares, ($1 per tick), at the bid price of $328.80 per share.
As you predicted the share price does fall and at around 115.30 GMT, the price of Apple was at 325.40 (bid) – 326.00 (offer).
At this point you decide to realize your profit and close the position. You take a buy position of 100 Apple shares at the offer price of $326.00.
The price you closed at, $326.00 per share, is $2.80 lower than the price you sold at initially. You therefore realize a profit of $280 ($2.80 per share X 100 shares).
Open Price : $328.80
Close Price : $326.00
Difference : $2.80 (280 ticks)
Loss : $280
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