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myregister
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Aussie or Australian Dollar exchange rate movements in European session (07:05:35 GMT) engaged weak against US dollar, after the price of this pair opened higher at 0.7636 in early trading, it seems that Australian Dollar exchange rate fell around 36 pips and the rolling values are at 0,7600. Pair has reached the range of strong support. Aussie remained under pressure after entering European session continued pressure earlier trading, Deutsche Bank crisis has made the market a safe haven assault rate so that AUDUSD pair is less interesting especially now that crude oil prices retreat by profit taking. But the pair can be picked up on US session if the release of economic data is disappointing. Technically AUDUSD will continue to fall into the range of 0.7586-0.7514, but if there is a correction, the pair may rise towards 0.7643-0.7712 range. So it seems that today the normal range for AUDUSD pair is estimated to have the support level at 0.7514 and the resistance level at 0.7735 -
United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
In the ending of Asia sesion this weekend it seems US dollar opened at the previous closing position and was moving strongly against several of its main rivals begin trading sentiment trimmed by safe-haven assets. Market hunting for safe-haven assets like the Japanese Yen, Swissfranc and also gold. Manhunt safe haven was triggered by global market panic respond to the financial condition experienced by Deutsche Bank AG as to weaken the global stock market indices. The market worried about the effects of the global bank crisis because their businesses spread throughout the world. Previous trading, US dollar is very strong in the second quarter GDP data in 2016 were higher than the previous quarter and even exceeded expectations. Strong fundamentals of the dollar makes a lot of natural attenuation of its main rivals except the euro exchange rate. The dollar index, which measures the strength of the US dollar against six major currencies moving trading weak after the start of Asia session opened lower at 95.48 and is now moving towards 95.45. -
The price of sugar futures on the commodity exchange ICE Futures US in New York early on Friday (30/09) ended down triggered profit taking. Sugar prices fell on profit-taking, after the price of gold continued to rise this week. High sugar prices that have been exploited for profit taking. At the close of trading early this morning the price of sugar futures for the most active contract is a contract in March 2017 observed decline. The most active price of sugar futures have closed lower by 0.43 cents or equal to 1.81 percent at 23.35 cents per pound. Tonight will be released the data Personal Income and Personal Spending indicated weakened. If realized, it will weaken the US dollar. Analyst also estimated that the price movements of raw sugar futures in New York at the next trade potentially strengthened by the potential weakening of the US dollar. It seems that the price of raw sugar futures on ICE Futures has the potential to test the resistance level at 23.80 . While the level of support that will be tested if prices decline is at 22.30 cents per pound.
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The price of arabica coffee futures on ICE Futures exchange at the close of New York trading Friday morning (30/09) ended down. The weakening of arabica coffee prices triggered a decrease in Brazilian Reals. In yesterday's trading, the currency pair USDBRL rose 1.31 percent at 3.2585. TWeak currencies in producing countries tend to make coffee prices remain low in the near future. When the Brazilian real weakened against the US dollar, prompting producers to sell to achieve higher returns for goods denominated in local currency. Arabica coffee futures prices for the most-active contract closed down in December 2016 towards 1.5015 dollars, down by 2.95 cents or equal to 1.93 percent. Tonight will be released the Personal Income and Personal Spending which indicated weakened. If realized, it will weaken US dollar. Analyst estimates that the price movements of Arabica coffee futures on ICE Futures at the next trade potentially strengthened by the weakening US dollar and before the other has the potential to test resistance level at 1.5300 dollar. While the level of support that will be encountered if the decline in prices is at 1.4700 dollars and 1.4400 dollars.
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British pound exchange rate movements in European session on Friday (30/9) after the UK Office for National Statistics (ONS) report some important data to bounce back after being depressed on early European session. With the new power of the data - economic data post Brexit making steady pair GBPUSD rebounded strongly in September though the end of trading on a monthly basis is still weakening. ONS report quarterly economic data second quarter of this year increased from the previous quarter and expectations. The data such as data current account, GDP, the performance of the services sector and investment in UK businesses. The consolidation of these data to estimate the market earlier post Brexit alarming. Pound exchange rate movements in the European session (10:20:35 GMT) strengthened against US dollar, after the price itself opened lower than the previous trading at 1.2964 in early Asia trade session (0000 GMT), the exchange rate of GBP rose around 6 pips and the pair's rolling value is actually at 1.2970. For the next trade until the close of trading at the end of American session tomorrow morning, It estimated that GBPUSD pair will continue to rise to the range between 1.2996 - 1.3078. But if there is a correction, the pair may fall again towards the range between 1.2928-1.2902.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Natural rubber prices on Tocom futures trading on Friday afternoon (30/09) was observed to fall. Weakening Tocom rubber prices decline since crude oil prices dampened on Asian session. Crude oil prices fell in the Asian session as investors took profits after a rise of 7 percent in the past two sessions, amid doubts that OPEC plans to reduce production in eight years will create great pressure on global crude oil glut. The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased. In today's trading, the price of rubber futures for the most active contract on TOCOM is a contract in March 2017 was observed to decrease by 3.3 yen or -1.98 percent, to 163.5 yen per kilogram, down from its previous close at 166 , 8 yen per kilogram. It seems the price movement of Tocom rubber futures trading next session will weaken since there is potential weakening of crude oil that can push prices Tocom rubber. Also to be seen Yen movements that may affect the price of rubber Tocom, and Tocom rubber futures exchange will test the support level at 158.00 yen and 153.00 yen. Prices will meet resistance at the level of 168.00 and 173.00 yen if the price is in positive territory. -
ICE Futures price of cocoa futures in late trade on Friday morning (30/09) was closed down. The weakening of cocoa prices triggered a woryness that there will be a lower China's demand. Cocoa futures fell sharply as some traders long attracted their positions ahead of a long holiday in China where expectations of weak global demand. At the end of trading early this morning the price of cocoa futures contracts in December 2016 which is the most active contract observed closed down. The commodity price closed down by -97 dollars, or -3.43 percent at 2,728 dollars per ton. Cocoa futures trading will move to weaken further limited by fears of weakening demand in the Chinese market off next week. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate support level at 2,680 dollar If the Support level is successfully penetrated the next level is 2,630 dollars. While the level of resistance that will penetrate if there is a weakening at 2,780 dollars.
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At the end of trading Friday morning (30/09), Rotterdam coal price rise pushed by US crude oil price which increases. Crude oil prices ended the day up more than one-month high in late morning trade on Friday supported by optimism over OPEC's plan to limit production. At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 71.85 dollars per ton. Commodity prices gained 1.15 dollars or equivalent to 1.63 percent compared to the previous closing.Analyst estimates that coal futures price movements Rotterdam at the next trade will weaken if profit taking in oil prices persisted. The price of coal futures could potentially test the level of support at 71.30 dollars and then will fall deeper if can break it to around 70.80 dollars. While the level of resistance to be tested if the price increase is at 72.30 dollars and 72.80 dollars.
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The price of CPO in Malaysia commodity exchanges was observed to fall. A weaker CPO prices this afternoon triggered by theweakening of crude oil in Asia trading session. Crude oil prices fell in trading Friday (30/09) as investors took profits after a rise of 7 percent in the past two sessions, amid doubts that OPEC plans to reduce production in eight years will create great pressure on global crude oil glut. The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract on the commodity exchanges Malaysia today seems weakening and fell by 5 ringgit or 0.19 percent and traded at 2,611 ringgit per tonne. Analyst estimates that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. Price movements can also be affected by currency movements of Ringgit and the global supply and demand conditions. CPO futures has the potential to test the support level at 2,560 ringgit and then 2,510 ringgit. While the level of resistance to be tested if there was a strengthening is at 2,660 ringgit and 2,710 ringgit.
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Crude oil prices ended the day up more than one-month high in late morning trade on Friday supported by optimism over OPEC's plan to limit production. Organization of Petroleum Exporting Countries (OPEC) agreed on Wednesday to cut output of 32.5 to 33 million barrels per day from the previous 33.5 million barrels per day, estimated by Reuters to be the level of production in August. OPEC said details of the plan will be known at a policy meeting in November, providing answers to the question of when the agreement will come into force, what new quotas for member countries and for what period, and how compliance would be verified. The price of US crude oil futures closed 1.7 percent, at $ 47.83 per barrel, the highest close since August 23. Crude oil futures prices International benchmark Brent rose 36 cents a barrel at $ 49.05 by 14:58 ET (1858 GMT). The contract earlier rose to $ 49.81, the highest intraday level since Sept. 8. Many analysts say there is still ambiguity in more detail, as well as the risk of the deal could unravel. Moreover, if oil prices rise, it could also lead to a surge in non-OPEC production, they said. Russian Energy Minister Alexander Novak said on Thursday Russia aims to maintain oil production at near record levels despite the OPEC decision to reduce production.He said Moscow was ready to consider proposals from OPEC for joint action in the oil market and will hold consultations with the group in October and November. Analyst estimates that the price of crude oil at the next trade has potential to weakening with investors still looking at further measures OPEC to realize a deal in Algeria for freezing production. Also strengthening of US dollar still has the potential to push oil prices. Prices are expected to penetrate the Support range between $ 47.30 - $ 46.80, and if the price rises will penetrate Resistance range between $ 48.30 - $ 48.80.
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Gold prices ended down slightly in late morning trade on Friday after the dollar edged up but losses were restrained by weakening sentiment on Wall Street. Spot gold prices fell slightly at $ 1,319.59 per ounce, or down 0.11 percent after touching the overnight high of $ 1,325.52, while US gold futures prices closed up 0.2 percent at $ 1,326, and was last up 0.06 percent at $ 1,324.50. Stocks traded sharply lower on Thursday after banking shares fell sharply.The dollar index, which measures the greenback against a basket of currencies, are flat after US growth data the second quarter and the weekly jobless claims was stronger than expected, but the decline of the US Pending Home Sales fell in August to its lowest level since January. When the positive data released, investors raised bets on a rise in US interest rates, which would increase the opportunity cost of holding gold.Gold reducing earlier gains after the decision by OPEC on Wednesday to cut a simple production of the original agreements since 2008. The sound is divided between Federal Reserve policy-makers at the time of raising US interest rates have weakened the interest of investors to trade because of comments by officials of the central bank. Analyst estimates that the price of gold may rise triggered by the weakening of Wall Street to suppress the movement of Asia markets. The price of gold is estimated in the range of $ 1,322- $ 1.324 which act as resistance and if the price falls in the range of $ 1,318- $ 1.316 which act as support.
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Euro which had a strong move along on Asia session and try to continue the previous trading rally but failed when entering the European session. At the beginning of the European session there were many such regional economic data released the data as a negative and worse results. Seeing the movement of the pair before American session, it seems this week from last week's trading is strong. Economic data which was very hard to hit Euro exchange rate that German retail sales data and the data flash estimate of the inflation rate in September. German retail business performance data period in August experienced a severe contraction from the previous month. On European session Euro exchange rate movements (10:50:35 GMT) was dropped badly against US dollar, after the price opened lower than the previous trading at 1.1221 in early Asia trade session (0000 GMT), Euro exchange rate experienced a decrease about 54 pips and is now the rolling value is at 1.1167 For the next trade until the close of trading at the end of American session tomorrow morning, it estimated that EURUSD pair will drop to the range in between 1.1157 - 1.1115. But if there is a correction, the pair may rise towards the range of 1.1230-1.1249.
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Tin's futures price in Malaysia Stock Exchange rose on Thursday afternoon (29/09). The increase in the price of tin supported strengthening of global exchanges. Stocks rallied in late trading Thursday morning supported the surge in crude oil prices after reports OPEC agreement to cut oil production. The Dow Jones Industrial Average rose 110.94 points, or 0.61 percent, to close at 18,339.24. The S & P 500 rose 11.44 points, or 0.53 percent, to finish at 2,171.37. The Nasdaq index rose 12.84 points, or 0.24 percent, to 5,318.55. This afternoon was also observed Asian stocks rose with all the major indices were in the green zone. Increase in Asian stocks supported the rally on Wall Street and a surge in crude oil. The price of tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 19 980 dollars per ton, an increase of 180 dollars or 0.9 percent from its previous close at 19,800. Analyst estimates that Malaysian tin price movements at the next trade will weaken limited to the potential strengthening of the US dolla and will face support level at 19,800 dollars and 19,600 dollars. But if there is an increase, the price of tin will face resistance level at 20,200 dollars and 20,400 dollars.
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British pound exchange rate movements on European session on Thursday (29/9) again depressed despite early trading on Asian session opened higher. Pound still can not be lifted despite the positive sentiment and GBPUSD pair tried to lift economic data this afternoon. European markets opened after the Bank of England (BOE) reports on the status of consumer credit and mortgage lending rate period of the country in August. BOE report consumer credit increased significantly. Pound exchange rate movements in the European session (10:20:35 GMT) weakened against US dollar, after the price of this pair opened higher than the previous trading at 1.3017 in early Asia session (0000 GMT), the exchange rate pound fell 16 pips and the pair rolling value is at 1.3001 , For the next trade until the close of American session ending tomorrow morning, it seems that GBPUSD will continue to fallto the range between 1.2977 - 1.2948. But if there is a correction, the pair may rise again reach the new range of 1.3061-1.3090.
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The price of sugar futures on the commodity exchange ICE Futures US in New York early on Thursday (29/09) ended up triggered by increased imports of sugar India. India, the largest sugar consumer is also number two in the world, is likely to import 1 million tonnes of sugar in 2016-17 as production exceeds consumption, said a spokesman for Louis Dreyfus Commodities. Head of the Indian Sugar Mills Association said the country's production is likely to fall below the level of consumption for the first time in seven years.At the close of trading early this morning the price of sugar futures for the most active contract is a contract in March 2017 was observed to increase. The most active price of sugar futures have closed jumped 0.34 cents, or equivalent to 1.35 percent at 23.78 cents per pound. This price is the highest level in more than four years Tonight will US growth data released second quarter-final, which indicated rising. If realized, it will strengthen the US dollar. Analyst estimates that the price movements of raw sugar futures in New York next potentially weak by the strengthening US dollar. Prices of raw sugar futures has the potential to test the support level at 23.30 cents. While the level of resistance to be tested if the price increase is at 24.30 cents and 24.80 cents per pound.
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CPO futures price in Malaysia commodity exchanges observe to rise slightly on Thursday afternoon (29/09). CPO price hike this afternoon supported by crude oil prices for Asia session. Crude oil futures prices moved sideways in Asian trade on Thursday (29/09) with the pull of sentiment. Support price of crude oil occurred since last night when OPEC agreed to production cuts will diltindaklanjuti at a meeting in Vienna in November.However, the investment concerns grow about how OPEC will implement a plan to curb oil production a day after the group agreed to limit production. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract rose by 5 ringgit or 0.2 percent and traded at 2,610 ringgit per tonne. CPO price movement at the next session will weaken with the potential for strengthening ringgit and weaker crude oil. CPO futures contract prices on commodity exchanges in December 2016 Malaysia has the potential to test the support level at 2,560 ringgit and 2,510 ringgit. While the level of resistance to be tested if bullish dominate is at 2,660 ringgit and 2,710 ringgit.
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The price of arabica coffee futures on ICE Futures exchange at the close of New York trading Thursday morning (29/09) ended down. The weakening of arabica coffee prices triggered profit taking. Arabica coffee futures prices for the most-active contract closed down in December 2016 in the position of 1.5310 dollars, down by -0.60 cents or equal to -0.39 percent. Tonight will US growth data released second quarter-final, which indicated rising. If realized, it will strengthen the US dollar. Futures price of Arabica cofee on ICE Futures US in New York at the next trade will weaken the strengthening of the US Dollar and has the potential to test support level at 1.5000 dollars and 1.4700 dollars. While the level of resistance that will be encountered if the price increase is at 1.5600 dollars and 1.5900 dollars.
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Yen exchange rate since the beginning of Asia session to European session on Thursday (29/9), still showing weak movements continue the trend two days earlier by selling safe-haven assets performed strongly considering trading market risk assets. Not only against US dollar, Yen was also observed to weaken against other rivals such as the euro, pound and aussie. The last few days Yen despite pressure from the US dollar is fundamentally both currencies blighted by central bank policy of both countries. The strength of the dollar against the yen increases from OPEC agreement reached at its meeting in Algeria last 2 days. Yen exchange rate movements on European session (10:10:35 GMT) weakened against the US dollar, USDJPY opened lower at 100.68 in early trading (0000 GMT) was rise up for around 73 pips and this pair rolling values is at 101.41. For the movement of the pair until the end of the evening session trading could weaken again if the US GDP data did not match expectations and jobless claims data increases, so USDJPY pair dropped to the range of 100.62 to 100.15 if the strengthening of the pair is now not until 101,80-102.23 range.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Tocom rubber prices on the trading session Thursday afternoon (29/09) finished up. Prices of natural rubber futures for the most active contract, namely March 2017 helped strengthen the weakened yen.USDJPY currency pair observed rise up around 0.9 percent at 101.56. A weaker yen makes Tocom futures price of natural rubber rose. For overseas buyers with a weakening yen makes commodities traded in the currency has become relatively cheaper, so the demand has increased. Natural rubber prices in Tocom for the most active contract, rose by 2.2 yen or 1.3 percent at 166.80 yen per kilogram, an increase compared to the previous closing at 164.60 yen per kilogram. Analyst estimates that Tocom rubber price movements in the next trading session today still appreciate the weakening yen. For the next trading session price is expected to meet the level of resistance at 172.00 yen. No further resistance at 177.00 yen. Meanwhile if lower prices will find support at 162.00 yen and 157.00 yen. -
The price of cocoa futures on ICE Futures at the end of trading on Thursday morning (29/09) was closed down. Weakening prices triggered cocoa surplus forecast global cocoa production.Cocoa futures fell as traders look ahead to the potential surplus of cocoa in the world. The rain has increased in the area of cocoa plants, and traders have begun to shed their bullish bets in cocoa. "Rainfall has increased moisture levels," said Commerzbank in a note. "This raises the prospect of major crops, harvest is about to start, and after a deficit in the current season is almost over, raising hopes of the first good supply of cocoa." . Estimated surplus in the market for the 2016-17 season to 200,000 tons. At the end of trading early this morning the price of cocoa futures contracts in December 2016 which is the most active contract was observed to be closed down. Commodity prices closed down by -43 dollars, or -1.50 percent at 2,825 dollars per ton. So the price of cocoa futures for the next trade will move in a limited tendency to weaken the potential strengthening of the US dollar. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the support level at 2,775 dollar. While the level of resistance that will penetrate if there is a weakening at 2875 dollars and 2925 dollars.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
After Australian dollar managed to rally and achieve the strongest position two weeks earlier trading, Aussie dropped severely by profit taking following the market retreat by oil prices. In addition aussie pressure overshadowed strong US economic data which could elevate the evening session the US dollar. Crude oil prices slipped back after the market digested back agreement we've reached OPEC at its meeting in Algeria to cut their crude oil production. Market's today deal and agreement questioned again how this will work. Australian dollar exchange rate movements on European session (09:00:45 GMT) is still strong against the US dollar, after opened higher at 0.7693 in early Asia trade session(0000 GMT), Australian dollar exchange rate is now rolling on the position of 0.7660. For subsequent trade to American trading session this evening, AUDUSD estimated will continue to fall into the range of 0.7649-0.7627. But if there is a fundamental lift oil prices make the pair to rise again towards the next level or exactly at around 0.7712. -
Gold prices fell for a second day in a row and hitting a one-week at the end of trading on Thursday morning, after a statement by Federal Reserve Chairman Janet Yellen before a congressional committee and the strengthening of Wall Street. Yellen defended the central bank's regulatory role and to consider changing the annual stress test given to US banks to see whether they can withstand large financial crisis. Yellen's statements could strengthen the US dollar. The weakening gold prices also triggered a stronger Wall Street after a surge in oil prices which reduced the interest to buy safe-haven assets this. Gold spot gold price was fall down around 0.3 percent at $ 1,322.43 an ounce . It fell nearly 1 percent on Tuesday, its biggest one-day loss in a month, on strong risk appetite.US gold futures prices ended down 0.3 percent at $ 1,326. Meanwhile, Chicago Fed President Charles Evans said that raising interest rates because of concerns for financial stability could leave the US central bank is less able to achieve the inflation target. Minneapolis Fed President Neel Kashkari said rates could remain low for a while because inflation is still weak. Gold prices cut losses after OPEC decided to cut oil production for the first time since 2008, which caused oil prices to jump as much as 5 percent. Gold is often considered as a hedge against oil-led inflation. Analyst estimates that the price of gold may rise helped by a surge in crude oil that secures the power of US dollar. The price of gold is estimated in the range of $ 1,324- $ 1.326 and if the price falls in the range of $ 1,320- $ 1.318.
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Euro which was moving strongly continue the previous trading trend against the US dollar experienced profit taking since the beginning of the European session on Thursday (29/9) until tonight. The strength of the US dollar rally that receives power from a commodity exchange pressing EURUSD dominance amid positive data from economic data releases today. When European markets opened has released some mixed economic data, which the Spanish inflation data and business sentiment in the euro area showed positive data while the data is negative data shows that German unemployment rate data. Strong positive sentiment today come from the European Commission report which reported business sentiment in September. On European session Euro exchange rate movement10:30:35 GMT) was weaker against US dollar, after opening higher than the previous trading at 1.1216 in early Asian trade (0000 GMT), the Euro exchange rate experienced a decrease of 1 pips and is now rolling value is at 1.1215. For the next trade until the close of trading ending the American session tomorrow morning, it seems that EURUSD will be estimated to drop to around the range between 1.1206 - 1.1178. But if it is not until these ranges, the pair may rise towards 1.1238-1.1264 range.
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Oil prices closed jumped more than 5 percent in late trading Thursday morning after an agreement was reached to limit OPEC crude oil production in Algeria meeting to be held on November policy meeting in Vienna. Organization of Petroleum Exporting Countries (OPEC) reached an agreement to limit production by nearly one million barrels per day to 32.5 million barrels per day. OPEC will agree to the freezing level of production on 30 November meeting in Vienna, said the sources. After reaching the target group, he would seek support from non-member oil producers of OPEC to further reduce global glut, they added. US crude oil futures price of West Texas Intermediate (WTI) closed up $ 2.38, or 5.3 percent, to $ 47.05 per barrel and the price of Brent crude oil futures closed up $ 2.72, or 5.9 percent, at $ 48.69 per barrel, reaching more than two-week high of $ 48.96. Oil's rally to support the stock market, the energy sector on Wall Street jumped 4 percent on track for the best day since January. Oil prices rose by more than half from highs above $ 100 per barrel in mid-2014 as a wave of production from US shale oil is combined with other global surplus and OPEC production. Before news of the deal Wednesday, Iranian Oil Minister Bijan Zanganeh said Iran would agree to curb production "near 4 million barrels per day". Iranian production has stagnated at 3.6 million barrels per day since the lifting of Western sanctions. Crude Oil price on the next trade has potential to rise and in bullish manner despite for the result. But because the new will be set in November, the sentiments of others can influence. Prices are expected to penetrate the Resistance range of $ 47.50 - $ 48.00, and if the price drops will penetrate Support range of $ 46.50 - $ 46.00.
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At the end of trading on Thursday morning (29/09), Rotterdam Coal soaring the price and pushed US crude oil price to the higher level. Oil prices closed jumped more than 5 percent in late trading Thursday morning after an agreement was reached to limit OPEC crude oil production in Algeria meeting to be held on November policy meeting in Vienna. Organization of Petroleum Exporting Countries (OPEC) reached an agreement to limit production by nearly one million barrels per day to 32.5 million barrels per day in the talks held on the sidelines of the International Energy Forum on September 26 to 28 in Algiers, according to a Reuters release. US crude oil futures price of West Texas Intermediate (WTI) closed up $ 2.38, or 5.3 percent, to $ 47.05 per barrel, while Brent crude oil futures closed up $ 2.72, or 5.9 percent, at $ 48.69 per barrel, reaching more than two-week high of $ 48.96. At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 70.70 dollars per ton. Commodity prices strengthened by 2.80 dollars or equivalent to 4.17 percent compared to the previous closing. Tonight will US growth data released second quarter-final, which indicated rising. If realized, it will strengthen the US dollar. Coal price movement in trading futures Rotterdam will further weaken the strengthening US ddollar. The price of coal futures could potentially test the support level at 70.20 dollars and 69.70 dollars. While the level of resistance to be tested if the price increase is at 71.20 dollars and 71.70 dollars.
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