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Today's Trade Ideas: 21 Sep 2015

Discussion in 'Technical Analysis' started by Sandra S., Sep 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    FTSE 100 (NYSE LIFFE) (Z5) INTRADAY: CONSOLIDATION.

    Pivot: 6150

    Our preference: Short positions below 6150 with targets @ 6025 & 5985 in extension.

    Alternative scenario: Above 6150 look for further upside with 6218 & 6250 as targets.

    Comment: Intraday technical indicators lack momentum.

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    DOW JONES (CME) (Z5) INTRADAY: UNDER PRESSURE.

    Pivot: 16520

    Our preference: Short positions below 16520 with targets @ 16220 & 16120 in extension.

    Alternative scenario: Above 16520 look for further upside with 16620 & 16700 as targets.

    Comment: The RSI lacks upward momentum.

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    DAX (EUREX) (Z5) INTRADAY: BREAK OF A ST RISING TRENDLINE SUPPORT.

    Pivot: 10175

    Our preference: Short positions below 10175 with targets @ 9800 & 9640 in extension.

    Alternative scenario: Above 10175 look for further upside with 10340 & 10420 as targets.

    Comment: The RSI is bearish and calls for further decline.

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    GOLD SPOT INTRADAY: BULLISH BIAS ABOVE 1132.

    Pivot: 1132

    Our preference: Long positions above 1132 with targets @ 1143 & 1147 in extension.

    Alternative scenario: Below 1132 look for further downside with 1124.5 & 1116.7 as targets.

    Comment: A support base at 1132 has formed and has allowed for a temporary stabilisation.

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    CRUDE OIL (WTI) (V5) INTRADAY: UNDER PRESSURE.

    Pivot: 46.35

    Our preference: Short positions below 46.35 with targets @ 43.55 & 42.76 in extension.

    Alternative scenario: Above 46.35 look for further upside with 47.08 & 47.64 as targets.

    Comment: As long as 46.35 is resistance, likely decline to 43.55.
     

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