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Mohammed Abdulwadud Soubra
Gold, USD, JPY, Oil, Stocks All Screaming Risk Off Talking Points: - EUR/USD being sucked into 'Brexit' vortex as existential crisis unfolds. - Gold up, Yen up, Oil down? Smells like trouble. - Risk management is the cornerstone of long-term success in trading - learn more...
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75
Mohammed Abdulwadud Soubra
Support & Resistance Indexes - Update Last updated: Feb 24, 4:05 pm +03:00 S - Strong |...
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64
Mohammed Abdulwadud Soubra
Support & Resistance Update Last updated: Feb 24, 4:05 pm +03:00 S - Strong | M - Moderate...
79
Mohammed Abdulwadud Soubra
Pivot Points-Hourly Last Updated: Feb 24, 5:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09318 1.09622 1.09798 1.09926 1.10102 1.1023 1.10534 USD/JPY 111.297 111.552 111.662 111.807 111.917 112.062 112.317 GBP/USD 1.38249 1.38742 1.39055 1.39235 1.39548 1.39728 1.40221 USD/CHF 0.98684 0...
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79
Mohammed Abdulwadud Soubra
Crude Oil (WTI) (J6) Intraday: under pressure.
Pivot: 32.50
Most Likely Scenario: short positions below 32.50 with targets @ 30.70 & 29.80 in extension.
Alternative scenario: above 32.50 look for further upside with 33.55 & 34.20 as targets.
Comment: the RSI is bearish and calls for further downside.
Pivot: 32.50
Most Likely Scenario: short positions below 32.50 with targets @ 30.70 & 29.80 in extension.
Alternative scenario: above 32.50 look for further upside with 33.55 & 34.20 as targets.
Comment: the RSI is bearish and calls for further downside.
· 1
Mohammed Abdulwadud Soubra
Gold spot Intraday: further upside.
Pivot: 1215.00
Most Likely Scenario: long positions above 1215.00 with targets @ 1240.00 & 1248.00 in extension.
Alternative scenario: below 1215.00 look for further downside with 1200.00 & 1191.00 as targets.
Comment: the RSI is mixed with a bullish bias
Pivot: 1215.00
Most Likely Scenario: long positions above 1215.00 with targets @ 1240.00 & 1248.00 in extension.
Alternative scenario: below 1215.00 look for further downside with 1200.00 & 1191.00 as targets.
Comment: the RSI is mixed with a bullish bias
Mohammed Abdulwadud Soubra
COMMODITY CURRENCIES DRAGGED DOWN BY FALL IN CRUDE PRICES
The collapse in the price of oil appeared to be over after the Organization of the Petroleum Exporting Countries (OPEC) and Russia reached an agreement to freeze output levels. The price of West Texas climbed above $30 and ended a losing streak that started at the beginning of February. The details of the agreement showed no sign of reducing the production levels that have the world awash in the black stuff, but it was enough to stabilize the price of crude.
The agreement has been on and off and since February 11 when comments from Russia showed a willingness to reach an agreement to boost the price of oil. A production freeze was announced with the backing of Saudi Arabia, Russia, Venezuela and Qatar. Now it appears that Saudi Arabia's comments about the agreement is to only freeze output levels, but will not include a reduction in crude output. The price of oil dropped 4.6 percent following the news. The uncertainty in the price of energy has kept commodity currencies: AUD, NZD and CAD rising and falling in high correlation to the price of oil. A stable price for a barrel of crude is needed to end the compound effect those economies are suffering with their own growth slowdowns.
Supply is expected to remain high in the short term with no uptick of global demand in sight. The U.S. Energy Information Administration will release the weekly inventory numbers on Wednesday, February 24 at 10:30 am EST. Inventories are forecasted to rise by 3.2 million barrels. Lower demand for crude and refined products as inventories grow will continue to put downward pressure on oil prices and commodity currencies.
The collapse in the price of oil appeared to be over after the Organization of the Petroleum Exporting Countries (OPEC) and Russia reached an agreement to freeze output levels. The price of West Texas climbed above $30 and ended a losing streak that started at the beginning of February. The details of the agreement showed no sign of reducing the production levels that have the world awash in the black stuff, but it was enough to stabilize the price of crude.
The agreement has been on and off and since February 11 when comments from Russia showed a willingness to reach an agreement to boost the price of oil. A production freeze was announced with the backing of Saudi Arabia, Russia, Venezuela and Qatar. Now it appears that Saudi Arabia's comments about the agreement is to only freeze output levels, but will not include a reduction in crude output. The price of oil dropped 4.6 percent following the news. The uncertainty in the price of energy has kept commodity currencies: AUD, NZD and CAD rising and falling in high correlation to the price of oil. A stable price for a barrel of crude is needed to end the compound effect those economies are suffering with their own growth slowdowns.
Supply is expected to remain high in the short term with no uptick of global demand in sight. The U.S. Energy Information Administration will release the weekly inventory numbers on Wednesday, February 24 at 10:30 am EST. Inventories are forecasted to rise by 3.2 million barrels. Lower demand for crude and refined products as inventories grow will continue to put downward pressure on oil prices and commodity currencies.
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Mohammed Abdulwadud Soubra
Crude Oil (WTI) (J6) Intraday: under pressure.
Pivot: 32.50
Most Likely Scenario: short positions below 32.50 with targets @ 30.70 & 29.80 in extension.
Alternative scenario: above 32.50 look for further upside with 33.55 & 34.20 as targets.
Comment: the RSI is bearish and calls for further downside.
Pivot: 32.50
Most Likely Scenario: short positions below 32.50 with targets @ 30.70 & 29.80 in extension.
Alternative scenario: above 32.50 look for further upside with 33.55 & 34.20 as targets.
Comment: the RSI is bearish and calls for further downside.
· 1
Mohammed Abdulwadud Soubra
Gold spot Intraday: further upside.
Pivot: 1215.00
Most Likely Scenario: long positions above 1215.00 with targets @ 1240.00 & 1248.00 in extension.
Alternative scenario: below 1215.00 look for further downside with 1200.00 & 1191.00 as targets.
Comment: the RSI is mixed with a bullish bias.
Pivot: 1215.00
Most Likely Scenario: long positions above 1215.00 with targets @ 1240.00 & 1248.00 in extension.
Alternative scenario: below 1215.00 look for further downside with 1200.00 & 1191.00 as targets.
Comment: the RSI is mixed with a bullish bias.
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Mohammed Abdulwadud Soubra
AUD/USD Intraday: the downside prevails.
Pivot: 0.7220
Most Likely Scenario: short positions below 0.7220 with targets @ 0.7155 & 0.7130 in extension.
Alternative scenario: above 0.7220 look for further upside with 0.7255 & 0.7275 as targets.
Comment: the RSI is bearish and calls for further decline.
Pivot: 0.7220
Most Likely Scenario: short positions below 0.7220 with targets @ 0.7155 & 0.7130 in extension.
Alternative scenario: above 0.7220 look for further upside with 0.7255 & 0.7275 as targets.
Comment: the RSI is bearish and calls for further decline.
· 1
Mohammed Abdulwadud Soubra
USD/JPY Intraday: the downside prevails.
Pivot: 112.70
Most Likely Scenario: short positions below 112.70 with targets @ 111.00 & 110.50 in extension.
Alternative scenario: above 112.70 look for further upside with 113.35 & 114.00 as targets.
Comment: the RSI is badly directed.
Pivot: 112.70
Most Likely Scenario: short positions below 112.70 with targets @ 111.00 & 110.50 in extension.
Alternative scenario: above 112.70 look for further upside with 113.35 & 114.00 as targets.
Comment: the RSI is badly directed.
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Mohammed Abdulwadud Soubra
GBP/USD Intraday: the downside prevails.
Pivot: 1.4080
Most Likely Scenario: short positions below 1.4080 with targets @ 1.3920 & 1.3820 in extension.
Alternative scenario: above 1.4080 look for further upside with 1.4170 & 1.4250 as targets.
Comment: the RSI is bearish and calls for further downside.
Pivot: 1.4080
Most Likely Scenario: short positions below 1.4080 with targets @ 1.3920 & 1.3820 in extension.
Alternative scenario: above 1.4080 look for further upside with 1.4170 & 1.4250 as targets.
Comment: the RSI is bearish and calls for further downside.
· 1
Mohammed Abdulwadud Soubra
EUR/USD Intraday: under pressure.
Pivot: 1.1065
Most Likely Scenario: short positions below 1.1065 with targets @ 1.0985 & 1.0965 in extension.
Alternative scenario: above 1.1065 look for further upside with 1.1100 & 1.1140 as targets.
Comment: the RSI lacks upward momentum.
Pivot: 1.1065
Most Likely Scenario: short positions below 1.1065 with targets @ 1.0985 & 1.0965 in extension.
Alternative scenario: above 1.1065 look for further upside with 1.1100 & 1.1140 as targets.
Comment: the RSI lacks upward momentum.
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Mohammed Abdulwadud Soubra
Pivot Points_Daily Last Updated: Feb 24, 1:10 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.10046 1.10102 1.10136 1.10158 1.10192 1.10214 1.1027 USD/JPY 111.909 111.993 112.035 112.077 112.119 112.161 112.245 GBP/USD 1.39875 1.40021 1.40116 1.40167 1.40262 1.40313 1.40459 USD/CHF 0.98945 0...
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Mohammed Abdulwadud Soubra
Pivot Points-Hourly Last Updated: Feb 23, 8:00 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.09753 1.09976 1.10057 1.10199 1.1028 1.10422 1.10645 USD/JPY 111.619 111.875 112.024 112.131 112.28 112.387 112.643 GBP/USD 1.39151 1.39878 1.40131 1.40605 1.40858 1.41332 1.42059 USD/CHF 0.98654 0...
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Mohammed Abdulwadud Soubra
EUR/USD Falls to 1.1000, Is it Time to Get Short Again?
23 February 2016, 16:49
EUR/USD Falls to 1.1000, Is it Time to Get Short Again? Talking Points: - The saga of the Euro continues, and in the most recent installment investors around the world are waiting for an increase or extension in QE...
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Mohammed Abdulwadud Soubra
Pivot Points-Hourly Last Updated: Feb 23, 6:30 pm +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.0965 1.09837 1.09921 1.10024 1.10108 1.10211 1.10398 USD/JPY 111.925 112.11 112.184 112.295 112.369 112.48 112.665 GBP/USD 1.39913 1.4036 1.40557 1.40807 1.41004 1.41254 1.41701 USD/CHF 0.98992 0.99168 0...
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Mohammed Abdulwadud Soubra
Support & Resistance Update on Indexes Last updated: Feb 23, 3:24 pm +03:00 S - Strong | M - Moderate...
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Mohammed Abdulwadud Soubra
Support & Resistance Update Last updated: Feb 23, 3:24 pm +03:00 S - Strong |...
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53
Mohammed Abdulwadud Soubra
High demand for the price of gold today with the renewed decline in the stock market Gold prices rose during Asian trading today to coincide with the decline in the stock market again, which prompted investors to buy the yellow metal after two sessions of decline...
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