Tread Ideas

 DAILY MARKET SUMMARY (Apr. 04, 2012)

EUR/USD: The pair remains neutral while above the 1.3150 area. A break below this level could send the pair towards 1.3117 and eventually lower and change the short term outlook to negative. Resistance comes in around 1.3222 followed by 1.3271 which is the daily pivot. Today’s ECB rate decision and press conference could create some volatility as well as the possibility for large swings. Momentum is slightly negative so far this morning supporting a move lower.

GBP/USD:  A break below 1.5852 should allow for a push towards 1.5794 and lower and eventually change the short term trend to bearish. Above 1.5949 which is the daily pivot, look for renewed upside pressure to take the pair towards 1.6007 and higher. Services PMI today should create some volatility.

OIL: Oil continues to drop lower after the sharp push higher on Monday. Support comes in around 103.38 and a break below this area could easily send Oil for a retest of the 102.10-20 area. A break below the 102.10 area could allow for a strong push lower that could eventually take us under the 100.00 level. Resistance comes in around 104.27 which is the daily pivot and only a close above this level could renew bullish pressure.

Gold: Gold dropped sharply yesterday and is well on its way lower today. The metal is currently trading around 1635 and remains very weak especially after the announcement that the US will most likely not need QE anymore. A break below 1629 could take us towards 1613 and lower. Resistance comes in around 1642 and 1655 which is the daily pivot.

Silver: Silver continues to push lower this morning and the metal is approaching the 32.00 area quickly. A break below 31.96 could send Silver towards 31.47 and eventually lower. Resistance comes in around 32.28 followed by the daily pivot at 32.77. Only a break above the pivot could alleviate bearish pressure.

JABER ALI. INVEST POINT ( PMS )


DAILY MARKET SUMMARY (Mar. 21, 2012)   

EUR/USD:  A break above 1.3277 could easily take us above the 1.3300 area and eventually towards 1.3336. A break below 1.3216 which is the daily pivot allows for a deeper correction towards 1.3180. Momentum is neutral so far but a movement higher is possible.

GBP/USD: Break above 1.5896 could easily take us towards 1.5932 followed by 1.5965. Support lies around 1.5863 which is the daily pivot and a break below this area could send the pair towards 1.5827 and eventually below 1.5780.

OIL:  Above the 106.77 area, a move towards 107.86 could take place. Below yesterday’s low around 105.69, a move towards 105.22 and eventually 104.13 could take place. Today’s inventories report could shed some light on the short term direction of Oil.

JABER ALI. INVEST POINT ( PMS )

DAILY MARKET SUMMARY (Mar. 20, 2012)


EUR/USD: The pair pushed higher on Friday but remains to the downside as long as the 1.3190 area holds. Above that level, more upside is possible with 1.3225 followed by 1.3275. The daily pivot comes in around 1.3137 and below this area, a continuation is possible with preliminary targets around 1.3087 and 1.2999. Not much in the way of releases for today but momentum is negative so far which supports a move lower.

GBP/USD: A break above 1.5850 is needed to push the pair higher towards 1.5904 followed by 1.5965. Support comes in around 1.5798 which is the daily pivot and a break below this level, allows for a possible change in the short term trend. Momentum is neutral.

Crude Oil : Opened higher but dropped early morning filling the gap created. Support comes in around 107.25 followed by the daily pivot around 106.54. A move above 107.96 could send Oil higher towards 110 eventually. Momentum is negative so far which could lead to a move lower.


JABER ALI. INVEST POINT ( PMS )


DAILY MARKET SUMMARY (Mar. 2, 2012)

End of a long week
Volatility seems to be coming back to the market on optimism out of the Euro zone. In case the bond swap fails, a plan B is in the works by Juncker especially after seeing that the Greek manufacturing sector is suffering from a major setback. Factory reports out of the UK continue expanding for the second month. The spike in Oil yesterday was caused by an explosion in eastern Saudi of a pipeline. While the authenticity of the story is in question, it is highly likely. Looking ahead, the economic calendar for today will be on the light side with Construction PMI out of the UK and GDP out of Canada. The Euro currently trades around 1.3279 while Gold trades around 1716.

EUR/USD: The pair remains weak and more downside is expected in the short term. Below 1.3277, we could easily see 1.3243 followed by 1.3203. Above 1.3317 which is the daily pivot, a correction higher could take place towards 1.3351. The lack of economic releases should keep volatility in check for today.

GBP/USD: Cable remains relatively strong and has lost some of its correlation with the Euro. The short term uptrend remains relatively intact especially on a break of 1.5941 which is the daily pivot and could lead to a push higher towards 1.5988. Support comes in around 1.5909 followed by 1.5862.

USD/CHF: The pair remains to the upside and has recently broken above the 0.9080 which is an important resistance level for today. Next targets lie around 0.9100 followed by 0.9130. Support comes in around 0.9050 which is the daily pivot and a break below could take the pair back towards 0.9000 and possibly lower as well as change the short term trend to neutral.

USD/JPY: The pair remains t the upside and the momentum remains strong. Above 81.66, more upside could take us towards 81.94 and eventually towards 82.50. Support comes in around 81.38 followed by 81.10 which is the daily pivot. The 81.66 area is a very strong resistance level which could change the medium term trend to bullish.

OIL: Oil spiked higher yesterday but failed to hold above the 110 area. Support comes in around 108.61 which is the daily pivot and Oil is already trading below this level which supports a deeper move towards 107.65 followed by 106.69. Above 109.65, look for more upside towards 110.68 and possibly higher.

XAU/USD: Gold continues to consolidate after the big drop 2 days ago. The consolidation is considered bearish and could lead to more selloffs. A break below 1712 which is the daily pivot could take the metal towards 1699 and possibly 1681. Above 1731, a correction towards 1744 could take place and possibly as high as 1762.

XAG/USD: Silver remains in consolidation after the big drop and more downside is beginning to look possible especially on a break below 35.15 which is the daily pivot. Support lies around 34.68 followed by 33.91. A break above 35.54 could bring positive momentum into the picture and take the metal higher towards 35.92 and eventually 36.39.




 EUR/USD  Feb 14th 2012
 Today’s support: - 1.3115 , 1.3100,are Main, where correction is possible. Break would give 1.3100, where correction also may be. Then follows 1.3084. 1.3050
Today’s resistance: - 1.3180, 1.3253, 1.3298 and 1.3327 are Main. Break would give 1.3343,

 JABER ALI. INVEST POINT ( PMS )

Feb 6th 2012 : 3:01 PM +5 GMT 
EUR/USD: The pair saw an initial decline after Friday’s NFP but managed to recover to pre NFP levels. The Euro opened the day with a gap lower at around 1.3137 and continues to decline as of this morning. The trend is very neutral which the case for today’s momentum is also. Support comes in around 1.3046 followed by a more important level around 1.3007. Resistance comes in around 1.3085.

GBP/USD: The uptrend remains more intact than the Euro and a break above the daily pivot at 1.5808 could take us higher and possibly into new territory. Support comes in around 1.5750 and below this area, a period of consolidation is expected. Halifax HPI is set to be released today which could provide some volatility.

OIL: Oil remains slightly to the downside and a bearish flag is forming. Below 97.23 which is the daily pivot, a move towards 96.47 is possible which will decide the fate of Oil in the short term and whether a move lower is possible or not. Resistance comes in around 97.99 which is Friday’s highs.

Gold: Gold remains relatively strong but Friday’s sharp decline is showing that weakness could be ready to hit the market. Support comes in around 1724 followed by 1711. Resistance lies around 1737 which is the daily pivot and a push above could take us towards 1751 and change the short term trend to bullish again.

Silver: Silver declined on Friday but the intensity of the drop was not enough to change the short term trend to neutral. Support comes in around 33.46 followed by 33.30 which is Friday’s low. A break above 33.76 which is the daily pivot could confirm a move higher towards 34.22



 Jan 25th 2012 .  3:08 PM

EUR/USD : A push above 1.3040 could take us towards 1.3080 and eventually higher. Support lies around 1.3017 which is the daily pivot followed by a minor level around 1.2994. Today’s FOMC statement could shed some light on the future of the Euro versus the Dollar. German IFO business climate should be a market mover today followed by Draghi speaking later in the day.

GBP/USD: The pair remains clearly to the upside and a break above 1.5624 could open the way for 1.5700 to be reached. Support lies around 1.5593 which is the daily pivot and below this level, the short term trend could turn neutral. Today’s MPC meeting minutes as well as prelim. GDP could be a major mover for the pair. The long term trend is neutral but we favor the upside in the short term.

OIL: Oil remains mixed in the short term and the long term. Above 99.16 which is the daily pivot, look for more upside towards 100.08 followed by 101.08 as a next resistance level. Support lies around 98.16 which is very close to yesterday’s low. Below this level, look for more weakness towards 97.50 which is a very important area.

Gold: Gold remains to the upside while above the 1662 area. The metal is approaching the daily pivot around 1668 and a break above could take us towards 1676 and eventually above the 1680 area. Support lies around 1662 followed by 1658 and eventually 1650. The short term trend remains bullish but the long term trend is neutral.

Silver: Silver is well on its way higher and the metal has already broken above its bullish flag. Resistance comes in around 32.29 and a break above this level could easily open the way for 33.00 to be reached. Support lies around 32.12 which is the daily pivot and a move below could change the short term trend to neutral. 

JABER ALI. INVEST POINT ( PMS )

 Jan 24th 2012 .  2:10 PM

EUR/USD:A break above 1.3032 could indicate that the bullish flag is complete and more upside is possible. Upside targets lie around 1.3084 followed by 1.3157. Below 1.2980 which is the daily pivot, the pair could go into consolidation.

GBP/USD: Break above 1.5560 which is the daily pivot could possibly take us towards 1.5605 and eventually higher. Support lies around 1.5540 with a more important level around 1.5520. Today’s news includes public sector net borrowing and BOE King speaking and could possibly provide some volatility within the pair. The short term is clearly in an uptrend while the long term is neutral to bearish.

OIL: Oil remains range bound in the long term and the short term. A break above 100.04 which is close to yesterday’s high could lead to a push higher towards 100.91. Support lies around 99.17 which is the daily pivot and a break below could take us towards 98.12. Major support lies around 97.50 and below this area, the 92.50 area becomes possible.

Gold: Gold reached into the 1680 area and the short term uptrend is clear. A break above 1679 could take us towards 1684 and eventually 1692 if enough momentum is present. Support lies around 1673 which is the daily pivot and a move below this area could take us towards 1665. The probabilities call for a higher move as the short term and the long term is neutral to bullish.

Silver: Silver is very strong right now and definitely stronger than Gold. A break above 32.76 which is yesterday's high could take us towards 33.26 and possibly higher. Support lies around 32.28 which is the daily pivot and as long as this level holds, more upside is possible. Below the daily pivot, a move towards 31.80 becomes possible and below that, the short term trend changes to neutral.

 JABER ALI. INVEST POINT ( PMS )

 Jan 23rd 2012 .  4:10 PM

EUR/USD: The pair’s lower open was mainly caused by the lack of any signs of reaching a deal in the short term. Talks will continue this week and investors are beginning to turn to the 30th of the month with the EU head of states summit. The Euro remains to the upside in the short term with resistance around 1.2936. A break above this level could take us towards 1.2984 and possibly above 1.3000. Support lies around 1.2885 and below this level, more downside becomes possible. The long term remains neutral for now.

GBP/USD: The pair continues to push higher and the impressive rally we saw from the 1.5200s continues till now. Support lies around 1.5533 which is the daily pivot and a break below could bring some negative momentum into the picture. Above 1.5576, look for more upside especially on a break of 1.5600. The close ties between the UK and the Euro zone are putting serious pressure on the health of the UK economy as the debt crisis across Europe intensifies.

OIL: Oil is facing strong support around the 97.50-60 area and this area is expected to hold. A break below this level could open the way for 92.50 to be reached in the short term. Above 98.20, look for short term momentum to develop and possibly take us towards 99.09 which is the daily pivot. Above the daily pivot, we go back towards the highs of last week. Futures rolled over last Friday which added to the downside pressure in the form of profit taking.

Gold: Gold remains bullish in the short term but the metal would need to hold above the 1666 area before more upside becomes possible. Above 1673, we could see more upside towards 1681 and possibly 1700 in the next few days. Support lies around 1666 with a more important level around the 1659 (daily pivot). Momentum is positive in the short term but neutral and directionless in the long term.

Silver: Silver's rally on Friday led some investors to believe that Silver is back in an uptrend at least in the short term. Support lies around 32.10 but a more important level lies around 31.49 which is the daily pivot. Below the later level, momentum turns negative and any hope of an uptrend disappears. Above 32.69, look for more upside with 33.32 as a possible target.

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Raja Qamer
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30 December 2011 at 03:40 ×

Market can Buy Today.All Open Trades Of Buy Can Be Hold Sellers Be Careful Today

Congrats bro Raja Qamer you got PERTAMAX...! hehehehe...
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