Tuesday, September 17, 2013

Nickel‏ (LME) intraday: the bias remains bullish.

Pivot: 13600.

Our preference: LONG positions above 13600 with 14000 & 14120 as next targets.

Alternative scenario: The downside penetration of 13600 will call for 13460 & 13230.

Comment: a support base at 13600 has formed and has allowed for a temporary stabilisation.
By at

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...

  • China data signal further room to tighten policy
    HONG KONG (MarketWatch) — China's consumer inflation accelerated in March to its fastest rate in almost three years, slightly ahead of e...
  • Commodity Trading 101
    1.1 - Why is Buying Low & Selling High So Elusive? The objective is simple and seems so easy to achieve - - buy low and sell high, or se...
  • Chinese data raise concerns of slowdown
    HONG KONG (MarketWatch) — Chinese economic data released Wednesday showed consumer inflation moderated slightly in April, though remaining a...