Intraday Report for Gold & Crude Oil

Gold

Pivot: 1625.00

Our Preference: SHORT (Sell) positions below 1625 with 1600 & 1595 as next targets.

Alternative scenario: The upside breakout of 1625 will open the way to 1640 & 1650.

Comment: the RSI calls for a new down leg.

Crude Oil

Pivot: 86.50

Our Preference: SHORT (Sell) positions below 86.5 with 84 & 83.45 as next targets.

Alternative scenario: The upside penetration of 86.5 will call for a rebound towards 87.3 & 88.15.

Comment: the break below 86.5 is a negative signal that has opened a path to 84.

Disclaimer: This is the research report by Trading Central. We suggest to trade as per trade set up only. We provide this report to our clients for generating trading ideas.

Revised Margin for Trading

It is notified that margin of Brent Crude, Cotton, Crude Oil, Mini Crude Oil, Silver, Mini Silver, Small Silver, Gold, Mini Gold, Small Gold and Platinum contracts shall be revised, New Initial margin shall be as follows.

Product	Initial Margin
Crude Oil	NPR 70,000
Mini Crude Oil	NPR 15,000
Silver	NPR 74,000
Mini Silver	NPR 25,000
Small Silver	NPR 13,000
Gold	NPR 78,000
Mini Gold	NPR 43,000
Small Gold	NPR 11,000

New Margin shall be applicable from Monday, 24^th October 2011

Technical Analysis for 17/10/11

Click here for Details

Crude Oil November Expiry Notice

Contract	Expiry Date
Mini Crude Oil November MCRUNOV11	Wednesday 19 October
Crude Oil November CRUNOV11	Thursday 20 October

Please Trade on Dec Crude Oil Contract.

Elliott Wave Analysis on Gold & Silver

Job Data, Positive

WASHINGTON (MarketWatch) - The number of Americans who filed applications for unemployment benefits inched down by 1,000 last week to 404,000, the government reported Thursday. Initial claims from two weeks ago were revised up to 405,000 from an original reading of 401,000, the Labor Department said. Economists surveyed by MarketWatch had expected new claims in the week ended Oct. 8 to climb to 406,000 on a seasonally adjusted basis. The average of new claims over the past four weeks, meanwhile, dropped by 7,000 to 408,000, the lowest level since mid-August. The number of Americans who continue to receive regular state unemployment checks declined by 55,000 to 3.67 million in the week ended Oct 1. About 6.82 million people received some kind of state or federal benefit in the week of Sept. 24, down 39,203 from the prior week.

Job Vacancy

Farwest Futures Pvt. Ltd., a Leading brokerage company of Farwest Region, invites application from young, dynamic & competent candidates in the following position.  

Marketing Officer 2 (Male/Female) 

Bachelor's degree in Management or equivalent degree from a recognized university is compulsory. No prior experience is required. Age should not exceed 30 years as of October 20, 2011.

 Drop your updated CV/Resume at info@fwfutures.com or Farwest Futures Pvt. Ltd. Pipalbot, Shivamandir, Bainyabehedi, Dhangadhi 091-527343 before 20th October 2011