Forex Your all in one fforex technical analysis

SILVER NOW UPTREND STARTED

Posted by jestin Wednesday, December 12, 2012 0 comments

BUY SILVER

SILVER NOW UPTREND BUY NOW THE SILVER ITS GOES TO

32.71 TO 33.11

Daily

Summary:STRONG SELL

Moving Averages:SELLBuy (5)Sell (7)

Technical IndicatorsSTRONG SELLBuy (1)Sell (7)

Pivot Points Dec 13, 2012 04:16AM GMT

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	32.1064	32.5507	32.9814	33.4257	33.8564	34.3007	34.7314
Fibonacci	32.5507	32.885	33.0915	33.4257	33.76	33.9665	34.3007
Camarilla	33.1714	33.2516	33.3318	33.4257	33.4922	33.5724	33.6526
Woodie's	32.0996	32.5473	32.9746	33.4223	33.8496	34.2973	34.7246
DeMark's	-	-	33.2035	33.5368	34.0785	-	-

Technical Indicators Dec 13, 2012 04:16AM GMT

Symbol	Value	Action
RSI(14)	47.881	Neutral
STOCH(9,6)	37.735	Sell
STOCHRSI(14)	8.348	Oversold
MACD(12,26)	0.186	Buy
ADX(14)	20.103	Sell
Williams %R	-77.008	Sell
CCI(14)	-68.9978	Sell
ATR(14)	0.6410	More Volatility
Highs/Lows(14)	-0.0009	Sell
Ultimate Oscillator	49.979	Neutral
ROC	-3.087	Sell
Bull/Bear Power(13)	-0.1430	Sell
Buy: 1 Sell: 7 Neutral: 3 Summary: STRONG SELL

Moving Averages Dec 13, 2012 04:16AM GMT

Period	Simple	Exponential
MA5	33.1850 Sell	33.1413 Sell
MA10	33.1614 Sell	33.2590 Sell
MA20	33.4988 Sell	33.1786 Sell
MA50	32.7219 Buy	33.0386 Sell
MA100	32.9302 Buy	32.3734 Buy
MA200	30.5646 Buy	31.8229 Buy
Buy: 5 Sell: 7 Summary: SELL

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BUY NOW NATURAL GAS

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BUY NATURAL GAS

BUY NOW NATURAL GAS BUYING POINT

3.36 to 3.41

Natural gas futures were lower for the fifth consecutive day on Wednesday, falling to a three-week low as market players looked ahead to a closely watched U.S. government report on natural gas supplies on Thursday.

Forecasts showing above-normal winter temperatures across key parts of the U.S. in the next two weeks also weighed.

On the New York Mercantile Exchange, natural gas futures for delivery in January traded at USD3.405 per million British thermal units during U.S. morning trade, down 0.25% on the day.

It earlier fell by as much as 2.2% to trade at a session low of USD3.388 per million British thermal units, the weakest level since October 9.

Early estimates for this week’s storage data range from a build of 6 billion cubic feet to a drawdown of 27 billion cubic feet.

Inventories fell by 79 billion cubic feet in the same week a year earlier, while the five-year average change for the week is a decline of 113 billion cubic feet.

Total U.S. natural gas storage stood at 3.804 trillion cubic feet as of last week, 0.9% below last year’s level, but still 4.6% above the five-year average for this time of year, according to U.S. Energy Department data.

In March, after an exceptionally warm winter, stockpiles were approximately 60% above five-year levels.

Meanwhile, forecasts showing mild winter temperatures across most parts of the heavily populated U.S. Northeast in the next two weeks continued to dampen sentiment on the heating fuel.

The U.S. Northeast is a key gas-heating area. Mild winter temperatures reduce the need for gas-fired electricity to heat homes, reducing demand for natural gas.

Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts on winter heating demand.

The heating season from November through March is the peak demand period for U.S. gas consumption.

Natural gas futures touched a 14-month high of USD4.001 per million British thermal units on November 26, amid expectations of a cold winter and an increase in heating demand.

But prices fell sharply after forecasters revised their weather outlooks for the period, saying early December temperatures should be warmer-than-normal.

Elsewhere on the NYMEX, light sweet crude oil futures for delivery in January jumped 1.35% to trade at USD86.98 a barrel, while heating oil for January delivery rallied 2.4% to trade at USD2.996 per gallon.

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Crude Oil Down Trend Started

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SELL Crude Oil

SELL CRUDE OIL NOW DOWN TREND STARTED

86.97 to 86.58

Crude oil futures were slightly higher during European morning hours on Wednesday, as market players focused on a meeting of the Organization of the Petroleum Exporting Countries, as well as the conclusion of the Federal Reserve’s policy-setting meeting later in the trading day.

Oil traders also looked ahead to closely-watched weekly supply data on U.S. stockpiles of crude and refined products from the U.S. Energy Information Administration later Wednesday.

On the New York Mercantile Exchange, light sweet crude futures for delivery in January traded at USD86.14 a barrel during European morning trade, up 0.45% on the day.

New York-traded oil prices traded in a tight range between USD85.64 a barrel, the daily low and a session high of USD86.19 a barrel.

OPEC’s oil exporting member nations will meet in Vienna later Wednesday to discuss their production quotas. The oil cartel is widely expected to leave its official target unchanged at 30 million barrels a day.

Investors also focused on the outcome of the Federal Reserve’s policy meeting later in the day, amid expectations the central bank will continue to pursue a policy of monetary easing in order to support the U.S. economic recovery.

Many analysts expect the Fed to announce monthly bond purchases of USD45 billion. The U.S. central bank vowed in September to buy USD40 billion in mortgage securities each month until the economy improves in a third round of what is known as quantitative easing, or QE3.

The U.S. dollar was on the backfoot ahead of the Fed decision. The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, traded at 80.22, close to a one-week low.

Oil prices typically strengthen when the U.S. currency weakens as the dollar-priced commodity becomes cheaper for holders of other currencies.

Oil traders now looked ahead to weekly data from the U.S. government on oil supplies later in the day to gauge the strength of demand from the world’s largest oil consumer.

The report was expected to show that U.S. crude oil stockpiles declined by 2.34 million barrels last week, while gasoline inventories were forecast to rise by 2.2 million barrels.

After markets closed Tuesday, the American Petroleum Institute, an industry group, said that U.S. crude inventories rose by 4.27 million barrels last week, while gasoline stocks increased 2.76 million barrels.

Meanwhile, investors continued to monitor developments surrounding the fiscal cliff in the U.S., approximately USD600 billion in automatic tax hikes and spending cuts due to come into effect on January 1, unless a divided Congress and the White House can work out a compromise in the three weeks left before the deadline.

Without a deal, the U.S. could fall back into recession and drag much of the world down with it.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for January delivery added 0.5% to trade at USD107.24 a barrel, with the spread between the Brent and crude contracts standing at USD21.10 a barrel.

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AUD USD STARTED DOWN TREND

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SELL NOW AUD/USD

AUD USD NOW DOWN TREND STARTED 1.0547 TO 1.0518

The Australian dollar was steady against its U.S. counterpart on Wednesday, trading close to a three-month high, as investors remained cautious ahead of the Federal Reserve's policy statement later in the day.

AUD/USD hit 1.0541 during late Asian trade, the daily high; the pair subsequently consolidated at 1.0535, easing up 0.07%.

The pair was likely to find support at 1.0462, Tuesday's low and resistance at 1.0578, the high of August 10.

Expectations that the Fed will announce more monetary easing measures at the conclusion of its two-day policy meeting later Wednesday continued to weigh on the dollar.

Meanwhile, investors remained cautious as they awaited fresh developments in negotiations to avoid the U.S. fiscal cliff amid concerns that the automatic tax hikes and spending cuts due to take effect in early 2013 could derail the U.S. recovery.

In Australia, the Westpac Banking Corporation said in a report that its index of consumer sentiment deteriorated to minus 4.10 in December from a reading of 5.20 the previous month.

Elsewhere, the Aussie was fractionally higher against the euro withEUR/AUD dipping 0.10%, to hit 1.2342.

Later in the day, the Federal Reserve was to announce the federal funds rate, which was to be accompanied by the bank’s rate statement and followed by a press conference with Chairman Ben Bernanke to discuss the rate decision and the economic outlook.

The U.S. was also to release official data on import prices and crude oil inventories.

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SILVER NOW START DOWN TREND

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SELL SILVER

SILVER START DOWNTREND 33.50 TO 33.20

Silver Technical Analysis

Daily

Summary:NEUTRAL

Moving Averages:STRONG BUYBuy (11)Sell (1)

Technical IndicatorsSELLBuy (3)Sell (5)

Pivot Points Dec 12, 2012 02:52PM GMT

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	32.345	32.594	32.812	33.061	33.279	33.528	33.746
Fibonacci	32.594	32.7724	32.8826	33.061	33.2394	33.3496	33.528
Camarilla	32.9016	32.9444	32.9872	33.061	33.0728	33.1156	33.1584
Woodie's	32.3296	32.5863	32.7966	33.0533	33.2636	33.5203	33.7306
DeMark's	-	-	32.703	33.0065	33.17	-	-

Technical Indicators Dec 12, 2012 02:52PM GMT

Symbol	Value	Action
RSI(14)	53.425	Neutral
STOCH(9,6)	36.166	Sell
STOCHRSI(14)	36.193	Sell
MACD(12,26)	0.159	Buy
ADX(14)	21.475	Buy
Williams %R	-56.554	Sell
CCI(14)	-34.8778	Neutral
ATR(14)	0.5987	Less Volatility
Highs/Lows(14)	0.0000	Neutral
Ultimate Oscillator	55.628	Buy
ROC	-2.461	Sell
Bull/Bear Power(13)	-0.0510	Sell
Buy: 3 Sell: 5 Neutral: 3 Summary: SELL

Moving Averages Dec 12, 2012 02:52PM GMT

Period	Simple	Exponential
MA5	33.2056 Buy	33.2320 Buy
MA10	33.2064 Buy	33.2993 Buy
MA20	33.5036 Sell	33.2007 Buy
MA50	32.7242 Buy	33.0260 Buy
MA100	32.8807 Buy	32.3644 Buy
MA200	30.5537 Buy	31.8164 Buy
Buy: 11 Sell: 1 Summary: STRONG BUY

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GOLD START DOWN TREND...

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SELL GOLD

GOLD NOW START DOWN TREND 1.720.25 TO 1716.75

Gold futures added to gains during U.S. morning hours on Wednesday, hitting a one-week high as the U.S. dollar came under pressure amid expectations of more quantitative easing from the Federal Reserve when it concludes its policy-setting meeting later in the day.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,717.95 a troy ounce during U.S. morning trade, up 0.5% on the day.

Prices traded in a tight USD8-range of USD1,710.15 a troy ounce, the session low and a daily high of USD1,718.95 a troy ounce, the highest since December 3.

Gold prices were likely to find support at USD1,685.75 a troy ounce, the low from December 7 and resistance at USD1,724.45, December 3’s high.

Investors focused on the outcome of the Federal Reserve’s policy meeting later in the day, amid expectations the central bank will continue to pursue a policy of monetary easing in order to support the U.S. economic recovery.

Many analysts expect the Fed to announce monthly bond purchases of USD45 billion. The U.S. central bank vowed in September to buy USD40 billion in mortgage securities each month until the economy improves in a third round of what is known as quantitative easing, or QE3.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

The U.S. dollar came under broad selling pressure amid expectations the Fed would keep its loose monetary policy.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was down 0.2% to trade at 80.03, the lowest level since December 6.

Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.

Meanwhile, investors continued to monitor developments surrounding the fiscal cliff in the U.S., approximately USD600 billion in automatic tax hikes and spending cuts due to come into effect on January 1, unless a divided Congress and the White House can work out a compromise in the three weeks left before the deadline.

President Barack Obama said recently that any solution must include spending cuts and raising revenue, including increasing taxes on the wealthiest. Republican leaders say they will agree to higher revenue, but they want to close loopholes or reduce tax breaks rather than raise rates.

Elsewhere on the Comex, silver for March delivery added 0.85% to trade at USD33.29 a troy ounce, while copper for March delivery rose 0.25% to trade at USD3.696 a pound.

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EUR USD NOW DOW TREND

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EUR/USD

EUR / USD NOW RESISTANT POINT

1.3051 TO 1.3020

The euro hit session high against the U.S. dollar on Wednesday, as expectations for more easing from the Federal Reserve pinned the dollar down.

EUR/USD hit 1.3053 during European afternoon trade, the pair’s highest since December 6; the pair subsequently consolidated at 1.3045, up 0.31%.

The pair was likely to find support at 1.2928, Tuesday’s low and resistance at 1.3085, the high of December 6.

The U.S. central bank was expected to announce new easing steps to replace its Operation Twist program, which expires this month following its policy setting meeting later Wednesday.

The euro remained supported after data on Tuesday showed that Germany’s ZEW economic sentiment index improved significantly more than expected in December.

Earlier Wednesday, official data showed that industrial production in the euro zone fell 1.4% in October, down for a second successive month.

Elsewhere, Italy saw borrowing costs fall to the lowest level since March at an auction of 12-month government bonds, despite lingering uncertainty over the country’s political outlook.

The euro was slightly higher against the pound, with EUR/GBP easing up 0.12% to 0.8079 and hit multi-month highs against the broadly weaker yen, with EUR/JPY advancing 0.75% to 108.11.

Sterling found support after official data showed that the number of people claiming unemployment benefits in the U.K. declined unexpectedly in November, while the number of people in employment rose to a record high.

Meanwhile, the yen remained under broad selling pressure amid expectations that a change of government after the upcoming elections will add to political pressure on the Bank of Japan to implement more aggressive monetary easing measures.

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SILVER NOW UPTREND STARTED

BUY SILVER

32.71 TO 33.11

Pivot Points Dec 13, 2012 04:16AM GMT

Technical Indicators Dec 13, 2012 04:16AM GMT

Moving Averages Dec 13, 2012 04:16AM GMT

BUY NOW NATURAL GAS

Crude Oil Down Trend Started

SELL Crude Oil

AUD USD STARTED DOWN TREND

SELL NOW AUD/USD

SILVER NOW START DOWN TREND

SELL SILVER

Silver Technical Analysis

Pivot Points Dec 12, 2012 02:52PM GMT

Technical Indicators Dec 12, 2012 02:52PM GMT

Moving Averages Dec 12, 2012 02:52PM GMT

GOLD START DOWN TREND...

SELL GOLD

EUR USD NOW DOW TREND

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