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Technical Analysis
TECHNICAL ANALYSIS BY NSFX 18.02.2016
HIGH: | LOW:
Oil trades below moving averages and below 161.8% Fibonacci at 29.65, which is a negative catalyst. Oil prices are at their lowest levels in more than a decade, but the daily up and down moves are leaving investors with whip lash.
TECHNICAL ANALYSIS BY NSFX 18.02.2016
HIGH: | LOW:
Gold remains choppy this week, and has posted slight gains on Wednesday. It looks set for gains to 1216.24. It has been quite the ride for Gold. Commodities like gold are seeing a breakout to upside after becoming more interested from risk off investors around the world economy probably already in recession.
TECHNICAL ANALYSIS BY NSFX 18.02.2016
HIGH: | LOW:
EURUSD extended its decline to 1.1105 in another lackluster journey for the common currency that traded in quite a limited range for most of the day. The pair is in a stabilization mode close to the 1.1184 yesterday's major level where the buyers and the sellers will likely exert pressures to take control over the pair.