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.
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, 24th October 2011
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.
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.
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 ...
