Technical Analysis

Sep 30

TECHNICAL ANALYSIS BY NSFX 30.09.2016

by: Simone Bettenzana

HIGH:47.72 | LOW:47.44

The commodity is developing a symmetrical triangle, and a breakout of the higher side can lift Crude Oil  to 49.38 and then to 52.  Beneath 45.7 the commodity would test 42.81 and below this area Crude Oil it may test 40.  

30

TECHNICAL ANALYSIS BY NSFX 30.09.2016

by: Simone Bettenzana

HIGH:1.1220 | LOW:1.1203

The rate is trading in a a range, both in the short term and in the medium term as the most relevant moving averages are flat.  Below 1.1122 the rate would slide to 1.0913 and is case of a breakout of 1.1360 EurUsd should reach in a short time frame area 1.1458.  Volatility is still[...]

30

TECHNICAL ANALYSIS BY NSFX 30.09.2016

HIGH:1,325.12 | LOW:1,319.28

The commodity is making lower highs but it is still trading above its 200SMA.  Beneath the 38.2% Fibonacci retracement the commodity could test the 200SMA, in area 1,290.  The static 61.8% Fibonacci level is at 1,265. A breakout of the medium term demand line can lift the shiny metal to 1,378 and then to 1,400.