Tuesday
Jan 06th
S&P 500 future - analysis - week 10
S&P 500 future did exactly what we
expected it to do during last week. It was weaker, but moving aside
and trying to break the 1370 resistance on Monday, Tuesday and Thursday
without success. Its weekly range was 1327.50 - 1369.70 that compared
to our levels provided last Monday (click here) it makes our analysis
almost 100% reliable. Two important technical points for the coming week. The
resistance at 1370 has shown to be a strong barrier and a potential break
of it will push the S&P500 towards 1400 again. This is a likely scenario
because on Friday just minutes before closure the S&P 500 gained more than
15 points closing above the blue line. On the other side, if we look at the RSI, it
is clear that the green line is acting as a good resistance in area 50. It can
be interpreted as a sign of uncertainty and lateral movement. A further movement
below the blue trend line will be interpreted as a short, otherwise it will try
to move higher again.
Crude Oil
This contract is one of the most worth, liquid, technical and volatile
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Trading day starts at 18:00 NY time until 17:15 (next day) from Sunday
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Minimum price fluctuation (tick) = 0,01 USD
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approach. We strictly follow this rule so we tend to reduce the number
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break.
Tick value = 10 USD
For more technical info click on www.nymex.com
Maximum Stop loss = 1,500 USD
Initial Capital required = 12,000 USD
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Details
This contract is one of the most worth, liquid, technical and volatile
of the whole financial markets. The price of the front month represents
the official price of the New York traded crude oil: this is the most
actively traded commodity.
Our trading system is based on physical delivered crude oil (CL) and
always on the most liquid consecutive month traded on electronic market
via the CME Globex trading platform. This is an overnight trading system.
How it works
Trading day starts at 18:00 NY time until 17:15 (next day) from Sunday
to Friday. Our signals are tradable during this time at earliest
convenience of the client or its broker. Signals are usually sent
before 8:00 GMT and are valid until 22:00 GMT. Currency = USD $ Contract size = 1,000 barrels (approx 42,000 gallons)
Minimum price fluctuation (tick) = 0,01 USD
The trading system is based on a trend following
approach. We strictly follow this rule so we tend to reduce the number
of trades during the year, to provide entries on significant
levels where we believe (statistically) that the market will bump or
break.
Tick value = 10 USD
For more technical info click on www.nymex.com
Maximum Stop loss = 1,500 USD
Initial Capital required = 12,000 USD
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