Gilt Technical Analysis on 22 November 2013 (109.35)

SHORT TERM VIEW: UP to 109.68/71 and then 110.03/13

 

SUPPORT:
109.31 / 109.21 / 109.04 / 108.77 / 108.05 / 106.79 / 106.46 / 101.53

RESISTANCE:
109.71 / 110.03 / 110.13 / 110.74 / 110.92 / 112.20 / 112.71 / 114.36

 

  • Daily oscillators are still neutral: still around mid range and trending flat right now.
  • Market has fallen into daily cloud support (Blue area) and bounced sharply up from its base.
  • Prices have already tested the 23.6% retrace of the Oct-Nov decline at 109.68.
  • Spot is above daily pivot at 109.21 and weekly pivot support at 109.31.
  • With overhead cluster of resistance targets at 109.80/110.04/110.13/110.30 (9, 21 EMA, 38.2% retrace and Bollinger MA line), this seems a likely destination once 109.68/71 is taken out.
  • ┬áNote 9 and 21 EMA are negatively sloped so only above 110.92, would a return to 112.20 appear likely.
  • View turns neutral below 108.77 and negative below 106.46.

 

Gilt 22-11-13

 

 

Brent Technical Analysis for 28 October 2013 (108.53)

SHORT TERM VIEW: DOWN TO 107.33

 

SUPPORT:
108.3 / 108.05 / 107.77 / 107.33 / 107.04 / 106.27 / 106.16 / 105.15 / 104.65 / 101.97 / 98.66 / 93.31 / 93.31

 

RESISTANCE:
108.9 / 108.95 / 109.09 / 109.12 / 109.4 / 109.62 / 109.65 / 109.82 / 110.41 / 110.64 / 111.62 / 111.73 / 111.75 / 115.99

 

  • Market ranging between 38.2% and 23.6% retrace of Apr-Aug13 advance (107.33 and 110.64) for past couple of months.
  • Daily cloud support was broken and is now hanging overhead.
  • After breaking the lower Bollinger band, prices have pushed up against the Bollinger MA line, but with overhead cloud resistance, lack of oscillator momentum and trendless directional indicators, prices should retreat lower within the range.
  • A break of 106.27 would turn this view more negative.
  • A break above 111.73 turns the view neutral but only above 115.99 would the view beomce positive

 

Brent 28-10-13

S&P 500 Technical Analysis for 21 October 2013 (1757)

SHORT TERM VIEW: POSITIVE TO 1790

 

SUPPORT:
1753 / 1753 / 1752 / 1747 / 1747 / 1733 / 1729 / 1726 / 1725 / 1709 / 1677 / 1655 / 1653 / 1646

 

RESISTANCE:
1760 / 1765 / 1766 / 1773 / 1790 / 1796 / 1806 / 1890 / 1926

 

  • Market has been in a medium term up trend since 2011 and longer term up trend since 2009
  • Current medium term up trend support is at 1615, and whilst the daily cloud supports prices (1665), and there is positive oscillator momentum and moving averages, prices should continue higher.
  • Furthermore, the market broke the 2007 high of 1576 earlier in the year and has since been heading towards the 123.6% retrace of the entire 2007-2009 decline (1790).
  • This view only turns negative if the 28 June low (1560) is breached.

 

S&P 21-10-13

EURUSD Technical Analysis for 14 October 2013 (1.3561)

SHORT TERM VIEW: POSITIVE TO 1.3833

 

SUPPORT AREAS:

1.3545 / 1.33527 / 1.3501 / 1.3491 / 1.3469 / 1.3445 / 1.3410 / 1.3150 / 1.3111 / 1.3000
RESISTANCE AREAS:

1.3630 / 1.3711 / 1.3833 / 1.4256

 

  • The markets have been ranging between 23.6% and 61.8% retrace of the 2011/2012 decline for the past year (1.2727 and 1.3833).
  • In recent session, with the 50% retrace broken through, and oscillator momentum, short term moving averages and trendlines all rising, 1.3711 is the next likely target (1 Feb high).
  • Beyond then 1.3833, the 61.8% retrace, looks a likely target.
  • This view turns neutral below 1.3410 (short term up trendline support), but only a break through 1.3000 would turn the view negative (medium term up trendline support)

 

EURUSD 14-10-13

AUDUSD Technical Analysis for 7 October 2013 (0.9429)

SHORT TERM VIEW: POSITIVE TO 0.9715

 

SUPPORT AREAS:

0.9392 / 0.9365 / 0.9339 / 0.9257 / 0.9224 / 0.9100 / 0.8848

RESISTANCE AREAS:

0.9497 / 0.9510 / 0.9529 / 0.9715 / 0.9792 / 0.9920 / 1.0173

 

  • Rising oscillator momentum, positively sloped 9 and 21 EMAs, a rising short term trendline and strong directional indicators support a continued price advance.
  • 0.9529 (18 Sep high) is the immediate target but beyond, 0.9715 and possibly 0.9920 (50% and 61.8% retrace of Apr-Aug13 decline) are in sight.
  • This view turns neutral below 0.9257 (23.6% retrace) an negative below 0.8848.

 

AUDUSD 7-Oct-13

FTSE Technical Analysis for 2 October 2013 (6437)

SHORT TERM VIEW: POSITIVE TO 6548

 

SUPPORT AREAS:

6386 / 6360 / 6348 / 6270 / 6224 / 6023

RESISTANCE AREAS:

6452 / 6506 / 6527 / 6548 / 6659 / 6674 / 6696 / 6875

 

  • Market has ranged between 38.2% and 76.4% retrace of the May-Jun13 decline for the past quarter: 6348 and 6674.
  • Cloud support hangs just below at 6360 with the medium term up trendline support at 6270
  • With the last session displaying a hammer pattern, support should be found here with an immediate return target of the 61.8% retrace: 6548.
  • The view turns neutral on a close below 6348 and turns negative on a close below 6224.
  • Conversely if 6624 is broken, then 6875 is the next target.

 

FTSE 2-Oct-13

Bund Technical Analysis for 27 September 2013 (140.45)

SHORT TERM VIEW: NEGATIVE TO 139.08

 

SUPPORT AREAS:

140.29 / 139.84 / 139.29 / 139.08 / 139.00 / 138.90 / 138.38 / 138.13 / 137.77

 

RESISTANCE AREAS:

140.60 / 140.90 / 141.55 / 143.08

 

  • Prices face overhead resistance above at 140.60 / .90 (61.8% retrace of Jul-Aug13 decline and medium term down trendline resistance)
  • Prices also reaching upper boundary of daily ichimoku cloud resistance
  • Prices expected to drop back towards 132.29 / .08 (9 EMA and 38.2% retrace of Jul-Aug13 decline) and pause ahead of the rising short term trendline at 139.00
  • That said, momentum is strong and is not in overbought territory. As such a push beyond 140.90 could see 141.55 and beyond.

 

Bund 27-9-13

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