Press review - page 202

mazen nafee
1993
mazen nafee  
Commodities
After the close of Wall Street, WTI Crude Future (SEP 14) was about flat to $101.6. The contract was above its 20D MA (@ $101) and above its 50D MA (@ $100.35).

Gold was about flat to $1305.1. The precious metal was below its 20D MA (@ $1315) and above its 50D MA (@ $1294).

Copper Future (SEP 14) on Comex was about flat to 324.45c/lb. The contract was above its 20D MA (@ 307.41c) and above its 50D MA (@ 303.17c). In Europe, the London Metal Exchange reported its copper inventories decreased 1700 tons to 150900 tons.

 

Sergey Golubev
Moderator
113476
Sergey Golubev  

EURUSD orders 29 July

Currently 1.3432 also pinned down by bids and offers

Sellers  1.3450 1.3460-70 1.3475-80 1.3490-3500 1.3520-30 1.3545 1.3555-60 

Buyers  1.3415-25 (stops below) 1.3400 (barrier option- stops below) 1.3380 1.3370 1.3350

mazen nafee
1993
mazen nafee  

Forum on trading, automated trading systems and testing trading strategies

Indices Technical Analysis

mazennafee, 2014.07.29 12:10

FTSE  MIB

20000 is our pivot point.

Our preference: As long as 20000 is not broken down, we favour an upmove with 21900 and then 22600 as next targets.

Alternative scenario: below 20000 expect a drop to 18800 and 17800.

Comment: The RSI is around its neutrality area at 50%

Trend: ST consolidation; MT bullish.

Supports and resistances:
23150 **
22600 ***
21900 **
20929 Last
20000 ***
18800 *

17800 **

 


mazen nafee
1993
mazen nafee  

Forum on trading, automated trading systems and testing trading strategies

Indices Technical Analysis

mazennafee, 2014.07.29 12:43

IBEX‏ (MEFF)‏ (Q4)

 Pivot: 10600


Our preference: Long positions above 10600 with targets @ 10990 & 11050 in extension.

Alternative scenario: Below 10600 look for further downside with 10390 & 10250 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
11140 **
11050 **
10990 **
10914 Last
10600 **
10390 **
10250 **

 


mazen nafee
1993
mazen nafee  

Forum on trading, automated trading systems and testing trading strategies

Indices Technical Analysis

mazennafee, 2014.07.29 12:45

Cac 40‏ (NYSE Liffe)‏ (Q4) 

 Pivot: 4300


Our preference: Long positions above 4300 with targets @ 4375 & 4392 in extension.

Alternative scenario: Below 4300 look for further downside with 4280 & 4250 as targets.

Comment: The RSI lacks downward momentum.

Supports and resistances:
4415 **
4392 **
4375 ***
4346 Last
4300 **
4280 **
4250 **

 


mazen nafee
1993
mazen nafee  

Forum on trading, automated trading systems and testing trading strategies

Indices Technical Analysis

mazennafee, 2014.07.29 12:46

Dax‏ (Eurex)‏ (U4) 

 Pivot: 9528


Our preference: Long positions above 9528 with targets @ 9710 & 9745 in extension.

Alternative scenario: Below 9528 look for further downside with 9460 & 9425 as targets.

Comment: The RSI lacks downward momentum.

Supports and resistances:
9820 **
9745 **
9710 ***
9610 Last
9528 **
9460 ***
9425 **

 


mazen nafee
1993
mazen nafee  

Forum on trading, automated trading systems and testing trading strategies

Indices Technical Analysis

mazennafee, 2014.07.29 12:48

Euro Stoxx 50‏ (Eurex)‏ (U4)

 Pivot: 3146


Our preference: Long positions above 3146 with targets @ 3194 & 3225 in extension.

Alternative scenario: Below 3146 look for further downside with 3130 & 3105 as targets.

Comment: A support base at 3146 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
3239 **
3225 **
3194 ***
3179 Last
3146 **
3130 **
3105 **

 


mazen nafee
1993
mazen nafee  

Forum on trading, automated trading systems and testing trading strategies

Indices Technical Analysis

mazennafee, 2014.07.29 12:49

Russell 2000‏ (ICE)‏ (U4) Intraday: under pressure.

 Pivot: 1148


Our preference: Short positions below 1148 with targets @ 1123 & 1112 in extension.

Alternative scenario: Above 1148 look for further upside with 1162 & 1176 as targets.

Comment: The RSI is bearish and calls for further decline.

Supports and resistances:
1176 **
1162 **
1148 **
1131 Last
1123 **
1112 **
1095 **

mazen nafee
1993
mazen nafee  

Forum on trading, automated trading systems and testing trading strategies

Indices Technical Analysis

mazennafee, 2014.07.29 12:51

Dow Jones‏ (CBT)‏ (U4) Intraday: key resistance at 16960.

 Pivot: 16960


Our preference: Short positions below 16960 with targets @ 16725 & 16660 in extension.

Alternative scenario: Above 16960 look for further upside with 17070 & 17130 as targets.

Comment: The RSI is capped by a bearish trend line.

Supports and resistances:
17130 **
17070 **
16960 **
16894 Last
16725 **
16660 **
16625 **

 


mazen nafee
1993
mazen nafee  

Forum on trading, automated trading systems and testing trading strategies

Indices Technical Analysis

mazennafee, 2014.07.29 12:52

Nasdaq 100‏ (CME)‏ (U4) Intraday: the downside prevails.

Pivot: 3991

Our preference: Short positions below 3991 with targets @ 3909 & 3883 in extension.

Alternative scenario: Above 3991 look for further upside with 4017 & 4043 as targets.

Comment: The RSI is bearish and calls for further downside.

Supports and resistances:
4043 **
4017 **
3991 **
3953 Last
3909 **
3883 **
3854 **