USD Trading Outlook (11-05-2016)

Soybeans‏ (CME)‏ (N6) Intraday: up turn

Pivot: 1047.00

Our preference: long positions above 1047.00 with targets @ 1100.00 & 1118.00 in extension.

Alternative scenario: below 1047.00 look for further downside with 1027.75 & 1011.00 as targets.

Comment: the immediate trend remains up and the momentum is strong.

Supports and resistances:
1130.00 **
1118.00 **
1100.00 ***
1080.25 Last
1047.00 ***
1027.75 **
1011.00 **

 

Crude Oil‏ (WTI)‏ (M6) Intraday: bullish bias above 43.00

Pivot: 43.00

Our preference: long positions above 43.00 with targets @ 45.10 & 45.78 in extension.

Alternative scenario: below 43.00 look for further downside with 42.50 & 41.95 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
46.08
45.78
45.10
44.56 Last
43.00
42.50
41.95

Back to Currencies Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.