September 24
EURO/USD closed lower due to profit taking on Monday as it consolidated some of this month’s rally. The low-range close sets the
stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI remain neutral to bullish
signalling that sideways to higher prices are possible near-term. If it extends the aforementioned rally, February’s high crossing is the
next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
Wednesday 25th September 2013
GBP/USD closed lower on Tuesday. The high-range close sets the stage for a higher opening when Wednesday’s night session begins
trading. Stochastics and the RSI are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day
moving average crossing would confirm that a short-term top has been posted. If it renews the rally off July’s low, the December
2012 high crossing is the next upside target.
Thursday 26th September 2013
GOLD closed higher due to short covering on Wednesday as it consolidated some of the setback off last week’s high. The high-range close sets the stage for a steady to higher opening when Thursday’s night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
GOLD closed lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
SILVER closed lower on Friday. The mid-range close set the stage for a steady opening when Monday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible near-term. If i renews the decline off August’s high, August’s low crossing is the next downside target. Multiple closes above the 20-day moving average crossing are needed to confirm that a low has been posted.
US OIL closed lower on Monday and the high-range close sets the stage for a steady to higher opening when Tuesday’s night session begins. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off August’s high, the 38% retracement level of the April-August rally crossing is the next downside target.
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Wednesday 2nd October 2013
US OIL closed lower on Tuesday as it extends the decline off August’s high. The high-range close sets the stage for a steady to higher opening when Wednesday’s night session begins. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off August’s high, the 50% retracement level of the April-August rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Friday 4th October 2013
SILVER closed lower on Thursday. However, the high-range close set the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI are turning bullish signalling that a low might be in or is near. Multiple closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If i extends the decline off August’s high, August’s low crossing is the next downside target.
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Monday, 7 october
US OIL closed higher on Friday as it consolidates above the 10-day moving average crossing. The mid-range close sets the stage for a steady opening when Monday’s night session begins. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If it renews the decline off August’s high, the 50% retracement level of the April-August rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Tuesday 8th October 2013
US 500 Index CFD closed lower on Monday. Today’s low-range close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off this month’s high, August’s low crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 9.10.2013
US 100 Index CFD closed sharply lower on Tuesday and below the reaction low crossing confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening when Wednesday’s night session begins trading. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends today’s decline, the 25% retracement level of the 2012-2013-rally crossing is the next downside target. Closes above the 10-day moving average crossing would temper the near-term bearish outlook.
See more analysis at Market Commentary | HY Markets
US OIL closed higher on Wednesday. The low-range close sets the stage for a steady opening when Thursday’s night session begins. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If it renews the decline off August’s high, the 50% retracement level of the April-August rally crossing is the next downside target.
Read more analysis at Market Commentary | HY Markets
Friday 11th October 2013
US OIL closed higher on Thursday. The high-range close sets the stage for a steady opening when Friday’s night session begins. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If it renews the decline off August’s high, the 50% retracement level of the April-August rally crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Monday 14th October 2013
GOLD closed lower on Friday. Stochastics and the RSI are turning bearish again signaling that sideways to lower prices are possible near-term. If it renews the decline off August’s high, August’s low crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted while opening the door for additional short-term gains.
See more analysis at Market Commentary | HY Markets
Tuesday 15th October 2013
US 500 Index CFD closed higher on Monday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it extends this month’s decline, August’s low crossing is the next downside target. See more analysis at Market Commentary | HY Markets
Wednesday 16th October 2013
US Coffee CFD closed lower on Tuesday. The high-range close set the stage for a steady opening on Wednesday. Stochastics and the RSI are turning bullish signalling that a low might be in or is near. Closes above the reaction high crossing are needed to confirm that a low has been posted. If it extends this summer’s decline, monthly support crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Thursday 17th October 2013
US 500 Index CFD closed higher on Wednesday as it extended the rally off this month’s low. Today’s high-range close sets the stage for a steady to higher opening when Thursday’s night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off this month’s low, September’s high crossing is the next upside target. Closes below the 10-day moving average crossing would confirm that a short-term top has been posted. See more analysis at http://www1.hymarkets.com/english/education_market_commentary.htm
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Friday, October 18
US 500 Index CFD closed higher on Thursday as it extended the rally off this month’s low. Today’s high-range close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off this month’s low, September’s high crossing is the next upside target. Closes below the 10-day moving average crossing would confirm that a short-term top has been posted. See more analysis at Market Commentary | HY Markets
Monday 21st October 2013
US 500 Index CFD closed higher on Friday. Today’s high-range close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off this month’s low, September’s high crossing is the next upside target. Closes below the 10-day moving average crossing would confirm that a short-term top has been posted.
See more analysis at http://www1.hymarkets.com/english/education_market_commentary.html
Wednesday 23rd October 2013
US 100 Index CFD closed higher on Tuesday. The mid-range close sets the stage for a steady opening when Wednesday’s night session begins trading. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off last week’s low, weekly resistance crossing is the next upside target. Closes below the 10-day moving average crossing would confirm that a short-term top has been posted.
See more analysis at Market Commentary | HY Markets