Month: September 2013

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Crude Light 25.09.2013 Trade Result

Crude Light 25.09.2013 Trade Result

Crude light (CL) managed to close below 105.44 and this made way for the price the price to hit our first target the very same day this mandate was posted on 20.09.2013. For the mandate, please click here. Yesterday, 24.09.2013, price finally hit our second target at 102.23 area as shown on the diagram above…

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Crude Light 20.09.2013 Outlook

Crude Light 20.09.2013 Outlook

Yesterday’s closing price price for crude light again forced the price to move out of the uptrend channel. The bearish show card has emerged and I would like to short the Crude Light at 107.52 or better. If price is able to close below 105.44 on the hourly chart today, the sell might continue without…

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Sample of price confusion via news of strategist

Sample of price confusion via news of strategist

The diagram below shows a news released by Senior Technical Strategist of a reputable brokerage company. It says COT reports shows Yen Speculators Pile on Short Positions on the 17th of September.¬†The Commitments of Traders is a report issued by the Commodity Futures Trading Commission enumerating the holdings of participants in various futures markets. Thus…

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AUDUSD 17.09.2013 Outlook

AUDUSD 17.09.2013 Outlook

AUDUSD was in a strong downtrend. This was in line with the slowdown in China’s economic growth. Recently the down spiral has somewhat slowed down and AUDUSD hit support around 0.8894. After hitting the support price traded in a range 0.9269 – 0.8894. Current price is trading at the resistance of 0.9269.   Both the…

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NZDUSD 04.09.2013 Trade Result

NZDUSD 04.09.2013 Trade Result

The NZDUSD buy trade called on 03.09.2013 has achieved its first target profit at 0.7885. Shift the rest of your trades to break even and target the second target profit at 0.7936 and finally at 0.8052. The first target profit would have netted you a maximum of 110 pips depending on where your entry was.

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NZDUSD 03.09.2013 Outlook

NZDUSD 03.09.2013 Outlook

There is a buy showcard forming on NZDUSD. I would like to buy at 0.7772 or better. Note however price might just fly off from current position. The first target however is a toss between 0.7825 and 0.7885. A lot depends on the price action shown today. The current buy price action is not a…

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