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Let's Gain - The Professional Signals Provider - Signals, Trading Systems, Technical Analysis

Thursday
Nov 20th
Crude Oil

Click on the links below to view our perfromance:

2007 - 2008

Details


round_arrow.png 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.

round_arrow.png 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


round_arrow.png 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.  

round_arrow.pngCurrency = USD $
Contract size = 1,000 barrels (approx 42,000 gallons)
Minimum price fluctuation (tick) = 0,01 USD

round_arrow.pngThe 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


GBP Future - Analysis
Trendlines drawn on last publication on January 9th have been a valid tool for our analysis and we can consider them as good as they were. The lower blue trendline has represented a valid support for the GBP future. It tried to force on 21st - 23rd January but it bounced back firmly performing positively at the end of January.
 
Technically the GBP is moving in an area with strong support and resistance levels: support 1.9280 and 1.9195 and first resistance 1.9500. It is not clear yet its next movement, today is drawing a candlestick pretty much similar to the one drawn on Friday. We give a 68% probability that USD will be weaker and will push GBP future again towards the blue trendline.
 
gbp_usd.png

 
 


Record High for Euro USD future
The USD fell to an all-time low today and the Euro FX future march delivery broke the 1.51 price level. The macroeconomic scenario is complicated and major currency analysts predict that the rate can rise up to 1.55 by the end of march. We have to focus on rate decisions of both Fed and ECB to understand the price upside movement.
 
The US central bank will likely reduce again its overnight lending rate to fight a slumping economy. On the other hand it seems that ECB has no intention to cut Euro lending rate because of inflation concerns fueled by dangerous data release on German import prices. Considering the interest rate parity theory (IRP), an increase in the spread between US and Europe interest rates will carry to a backwardation condition in Euro FX future. We are already in this condition, because March future is higher than the June's one. We do not expect Euro FX future to be at 1.55 by the end of march for this reason, however we expect it to trade above 1.50.





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Trading in Foreign Exchange, CFDs, Options, Futures and Commodities carries a high degree of risk to your capital and it is possible to lose more than your initial investment. You should only speculate with money that you can afford to lose. These products may not be suitable for all investors, therefore please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read our full Disclaimer.