Crude Oil Sees Mild Bullish Movement

[andysteven 10]

The price of crude oil saw steady gains throughout the morning session yesterday, climbing as high as $93.84 a barrel before dropping during mid-day trading. Analysts attributed the bullish movement to better than forecasted economic growth in several Asian countries. That being said, poor news out of the euro-zone and US eventually brought the commodity as low as $92.79.

 

Turning to today, market sentiment toward the euro-zone is likely to dictate the direction oil takes. Fears that Greece will be forced to exit the euro-zone have led to significant risk aversion in the marketplace. Any announcements today that would indicate this trend will continue may weigh down on the price of oil.

 

How ever the rupee has crashed from Rs 45 to Rs 54 to the dollar, before recovering slightly to Rs 52.80 on Friday. Dismayed corporations and politicians want the Reserve Bank of India (RBI) to intervene in currency markets and prop up the rupee.

 

This would be a terrible mistake. The rupee's fall is not a technical monetary phenomenon. Rather, it signifies a loss of confidence in India by foreign investors, and by Indians too.

 

Analysts at J.P. Morgan said that while the recent fall in Brent futures was expected due to a projected buildup in global inventories in the second quarter, the market could tighten in second half of the year as stocks are withdrawn.

 

Nymex reformulated gasoline blendstock for June--the benchmark gasoline contract--fell 182 points to $2.8600 a gallon, while June heating oil traded at $2.8291, 199 points lower.

 

ICE gasoil for June changed hands at $904.75 a metric ton, down $13.75 from Thursday's settlement. NOW will the next recession will hit the market or not thats the big question. Crude Oil Sees Mild Bullish Movement but as far i feel its not positive for Indian as i have been using the technical analysis tools of Dynamics level, then i started to read the reviews from various source, may be my perception is wrong but investors will withdraw from all markets associated with risk— including emerging markets like India--and rush into safe havens like the US and just sit on cash.

[Obsidian 10]

Iran-U.N. negotiations will continue on Monday..just a reminder...

[andysteven 10]

Iran-U.N. negotiations will continue on Monday..just a reminder...

 

I really Express deep concern about Iran’s lack of compliance, so what do u think how much it will hit the Asian market.

[andysteven 10]

I might not be a greatest analyst but as i feel after anlalysing the stocks from technical analysis tool of dynamics level Sector-wise, I think penny stock will still be in play until the music stops. The maritime and basic material sector remain the weaker sectors and the property and small cap remain the stronger sectors.

 

 

* The SPX (S&P 500) dropped yesterday for the 5th consecutive trading day. The Nasdaq has likewise seen strong downside pressure as a decline was experienced for large-cap tech shares.

* The S&P index has fallen 3.31% so far this week and 6.7% in the month of May. Volatility is not expected to decrease in the near term but their is potential for profit taking if speculative shorts are liquidated around the 1285-1289 area and fresh longs initiated.

* This potential technical support area, as highlighted on the daily timeframe chart below, is comprised of the previous resistance daily high from 27/10/2011 and 38.2% Fibonacci retrace of the last upside wave.

* Any move higher would have to be seen as strongly counter trend as the prevailing, high momentum, S&P 500 downtrend shows no sign of slowing at present.

* The failure to make a new high on the 1st May and subsequent drop has left a near “double top” chart pattern at the recent range highs. This drop has come from an almost four- year high point set on April 2nd 2012.

[andysteven 10]

Greek President Karolos Papoulias announced the new vote two days ahead of when many were expecting the formal announcement so, while it wasn't a complete surprise, it still rattled investors across Europe.

 

That raises the risk of Greece leaving the eurozone, which could cause further problems for other European economies that are still on shaky ground.How ever britain banks are strong enough to withstand any Greek exit from the eurozone but need to keep bolstering their financial strength in the face of the escalating crisis, according to a member of a Bank of England regulatory body.

 

Michael Cohrs, who is on the committee monitoring financial risks, said the eurozone crisis was unfolding on "an hour by hour" basis and it was difficult to predict where the contagion would end if Greece left the single currency.

 

If Greece leaves, the initial adjustment would be drastic. Greece would have to default on pretty much all its international debt denominated in euros, including loans from the ECB, since the value of the drachma relative to the euro would be too low to enable Greece to repay the debt. Greece would be unlikely to receive further aid from euro zone countries, and certainly Greece will not have access to the international capital market for some years to come. There would be a run on Greek banks as depositors try to get euros and lose confidence in the viability of these banks. Already, many depositors have withdrawn their deposits, as they fear Greece’s exit and a devalued drachma. Greece might be thrown out of the EU itself, which would carry great costs if it happened.

 

The exit from the eurozone of one or two of the smallest countries may not be disastrous, but a disorderly break-up of the euro that includes either Spain or Italy could well be, resulting the formation of risk of Us in three ways.

 

U.S. banks have only about $5.8 billion worth of exposure to Greek debt, a virtually insignificant amount for the banking system as a whole.

 

But the exposure to other troubled countries in Europe is significantly greater -- more than $50 billion each to Spain and Ireland, $66 billion to Italy and $6.6 billion to Portugal.

 

But all that doesn't even begin to cover the risks posed to the U.S. banking system if there is a disorderly collapse of the euro, which some say will start with a Greece exit.

[andysteven 10]

Gold spot is picking up momentum the past few days here are the support and resistance lines the could produce great binary option trading opportunities in near future:

 

Current range: 1618.280 to 1690.700

Very important resistance is at 1630.630, still further away.

CALL options: 1667.530, 1676.930, 1682.510 and 1690.700

Very important support, at 1682.510

Further levels in both directions: Below, for PUT Options: 1654.546, 1648.610, 1640.150, 1630.630 and 1618’280which is further away.

 

 

There has been a constant debate over the years on what drives the price of gold and silver. Obviously we have the fundamentals that have put the metals in a bull market for the last 10 years. The powers that be have total control over money, as they set the price for capital via manipulating the interest rates. So it is not a stretch that they would be concerned with a rising gold price because gold is a threat to how the current fiat regime functions on a day-to-day basis.

 

These are just some of the reasons why it is important for the elites to pay attention to the price of gold and silver. Knowing this, the powers that be have instructed their banking arms JPMorgan, HSBC, Goldman Sachs and the like, to create paper derivatives to help manage the price.

 

Before investing in the gold or silver trading market make sure you know all the gimmicks of the international trading of these commodities. Place long positions if you think that the gold prices per ounce is increasing however, if you think that prices are going to decline you can place short positions to avoid any loss over your investment. Before putting your money into the trading of these precious commodities you must need to have a look on the past pricing patterns, technical analysis and the various charts depicting the up and downs of silver and gold rate around the globe. If you are a gold trader you must be patient and knowledgeable regarding various charts related to the stocks of gold and silver so that you can fully understand what is going on in the international market.

 

There is a continuous transformation in price of gold per gram and silver price per ounce. You can analyze the volatility in the price of both the metals by analyzing the past price patterns of these metals. With the help of careful fundamental and technical analysis of these metals you can forecast the change in the price and can secure your investments for the future.

 

For a gold silver technical analysis a multiplier is calculated based on the relationship of the close to the high-low range. Second, the Money Flow Multiplier is multiplied by the period's volume to come up with a Money Flow Volume. A running total of the Money Flow Volume forms the Accumulation Distribution Line.

 

Moving averages are one of the most widely-used methods of technical analysis because they are simple to use, and they work. Now you can learn how to apply them to your trading as i have using stock analysis software of dynamiclevels.com