Month: February 2016

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Update on the S&P 500

Update on the S&P 500

The S&P 500 is currently trading at a critical resistance level of 1950.00 At this level there is a diagonal trend line and a WAWS line at 1979 which acts as a double resistance for the S&P 500 to rise further. Looking at the weekly calendar, we would probably see some movements in the S&P 500…

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Gold news…

Gold news…

There is definitely something brewing in gold and the moves is coming. I am giving this view solely from a technical perspective. From experience, whenever prices moves in a rectangle form, a breakout is bound to happen. From the chart above, the nearest resistance is 1240 whereas the nearest support is 1183.  Since price is…

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Oil updates

Oil updates

Oil has been hogging the limelight of late. Since the news which Iran agreed to support Saudi and Russia in the oil output freeze, the oil price manage to stabilize and trade near or above USD30 per barrel. Since my announcement on FB that I would be looking at the USD28 for oil support, have…

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