NW Business and Finance

We have a daily news feed on business, finance & gold, as well as in-depth articles by businesses based in the North West of the UK, on business & finance topics. We'd love to hear from you if you have a business based in the North-West, so please get in touch and we'll feature you!

Silver Weekly Technical Outlook + MORE

| 0 comments

Shares in Asia strengthened on Monday, extending last Friday’s gains as investors have turned more positive over ECB’s aggressive stimulus measures. This has overshadowed the disappointing macroeconomic data in China. At the time of writing, Japanese Nikkei 225 index is up +1.77% while Hong Kong’s Hang Seng Index added +1…

Continue Reading On oilngold.com »

Silver failed to take out 15.99 resistance so far and the consolidation pattern from there might extend. In case of another fall, we’d still expect strong support from 61.8% retracement of 13.62 to 15.99 at 14.52 to contain downside and bring rebound. Break of 15.99 will resume the medium term rise from 13…

Continue Reading On oilngold.com »

Crude oil’s rally continued last week but starts to lose momentum as seen in bearish divergence condition in 4 hours MACD. Further rise would be in favor as long as 36.12 support holds. But strong resistance could be seen at 38.2% retracement of 62.58 to 26.05 at 40.00 to limit upside. Below 36.12 will indicate short term topping and bring pull back first…

Continue Reading On oilngold.com »

Inflection Points

– .goldmoney.com

Inflection Points

Introduction
Gold prices are up between 13% and 23% year-to-date in the major currencies. However, this upward trend started long before the recent price rally. In fact, in a majority of currencies, gold has been in a sustainable upward trend since 2014. On average, these upward trends tend to last 4…

Continue Reading On .goldmoney.com »

Energy prices extended recent rally amidst hopes of better demand/supply balance ahead as well as US dollar’s weakness across the board. However, we doubt if the strength is sustainable as execution of the OPEC-Russia output freeze plan remains challenging. The market turned more optimistic over the oil market outlook US fuel demand rose while crude inventory increased less than expected…

Continue Reading On oilngold.com »

Gold edged higher last week but failed felt some selling pressure ahead of 1300 handle. Bearish divergence conditions are seen in 4 hours and daily MACD. Current rise might be the fifth wave in a five wave sequence and hence, upside potential should be limited. Break of 1225.1 would confirm short term topping and bring pull back, targeting 55 days EMA (now at 1157…

Continue Reading On oilngold.com »

Leave a Reply

Required fields are marked *.