On Tuesday, the reality of South Africa's economic challenges manifested itself in the data set released by Statistics South Africa which showed that the economy contracted by 0.7% for the second quarter of 2018, following on from a 2.6% contraction in the first. Immediately following the release, weakness was seen in the Rand which saw a sharp sell-off from 15.02 ...
Was wondering why the sudden decision to close Sam's Club but once you see that Sam's Club has not been generating as much revenue. It all makes sense. Interesting move that makes their numbers look amazing really. So how does this play out in the long run. 1) Closing stores brings down cost since running those stores are not cheap in any way. 2) Makes the math ...
Tesla's share price has just double bottomed on both the 200 day EMA and MA, two very strong trend support/resistance zones. Coupled with the pending quarterly earnings report tomorrow (November 1st, 2017), I expect a bullish week ahead. This is a very low risk trade with a stop loss ~$3 below the entry, which is right below the 200 EMA/MA, and an initial target ...
Gold as save haven?
No expiration timeframe, no extension possible.
S&P500 correlated to deutsche bank (DB)
Highly correlation between them. A price of 12,00 for one stock deutsche bank is to high.
take a look at this figure:
https://www.tradingview.com/x/0Ojg4292/
in bad fincial times we seek really horrible figures... On this moment Europe and the US have ...
SHARE PRICES, SINCE FRIDAY’S MARK, HAVE MOVED NOWHERE as our International Index has lost one single point as five of the ten markets in our Index have fallen and as five have risen. Given that our Index finished last year at 9,556 and given that it is 9,238, for the year-to-date stocks in global terms are down 3.3%, while stocks here in the US as represented by ...
Crude (22.05.2015) traded lower as per our expectation as mention in our previous article, however it fail to reach to $55.70 mark & bounced back with current week inventory support.
Now crude is trading around $60 mark & as we can see on charts, crude trying to retest the broken trade line of ascending channel. The bounce was supported by volume as well as ...
Copper (19.05.2015) finally providing some directional momentum after spending more than 3 weeks in range.
Now copper is trading around $2.8626 & as we can see on charts , after spending more than 10 trading session , finally copper providing a downside breakout with aggressive volume. The reversal coming in copper is from 61.8% fibonacci retracement level as ...
Crude(25.03.2015) broken downside & traded lower towards $43 mark as mention in our last analysis. However the recovery was quite sharp to resistance zone once again.
Now crude is trading around $47.50 & as we can see on charts, its approaching to the broken tradeline of last symmetrical triangle pattern. This recovery seems to be a corrective one due to less ...
Crude (10.03.2015) fall more than 60% in last 6 months & now consolidating in tight range , probably looking for another big move.
Crude is trading around $50.80 & as we can see on charts it is trapped in a range & producing a symmetrical triangle pattern. Generally these patterns appear before a big move & provide a either side breakout in 50-75% length range. ...
Recently with Tesla, Positive news has been ignored and negative news has been exaggerated. This irrational pessimism, combined with high short interest might indicate a rapid momentum upwards swing is in order. This is especially true if Tesla chooses to announce their CPO program or their stationary storage product soon.
Silver(07.01.2015) remain very quite for more than 2 months & traded in range. However this range bound trading came with some surprising moves which plotting the future movement story most probably.
Fundamental remains very weak for silver from last few months, gold with bad performance in 2014 kept pressure on silver as well as slowdown in leading manufacturing ...
Natural gas (03.12.2014) made high round $4.6 on unexpected cold front in November month while upcoming mild weather forecast forced trader to book profit on higher levels.
On fundamental side, mild weather in US expected to continue for coming 2 weeks & will put more pressure on prices. On other hand current inventory level of natural gas is 3432 bcf which is ...
Gold (01.12.2014) reverse from $1207 mark which we mention as first resistance for bulls. However fall from mention level should taken as correction or profit booking but swiss gold referendum added more fuel & created panic selling.
Now gold is trading around $1275 & we have witness a sharp bounce from recent low $1142 made just after a NO answer from swiss gold ...
Crude (12.9.2014) fall sharply in last few weeks & reach to the $90 sociological level.
Now crude is trading around $92.40 & the bounce $90 mark is well supported by many factors like 261.8% feb ret. , a lower tradeline of descending channel as well as a very strong positive divergence. All this together providing a buying opportunity at current level.
On ...
Copper (19.8.14) traded lower as per expectation & reach to the support zone.
Now copper is trading around 6913 of lme & as we can see on charts, copper provided a false breakout below the lower tradeline of the ascending channel.However it was able to bounce in over night electrinic trading. The bouncing area was well supported by the 61.8% feb correction of the ...
