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25/07/2017

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13/07/2017

( )Crude Expected trading range for today is between 44.10 support and 48.37 resistance.

Expected trend for today: Bullish

oil price settles at the EMA50, accompanied by stochastic reach to the oversold areas, to provide positive motive that we are waiting to assist to push the price to rise again, as the price moves inside the bullish channel that appears on chart, to keep the bullish trend suggested for the upcoming sessions.

Our positive targets begin at 47.30 and extend to 48.37, taking into consideration that the continuation of the expected rise depends on holding above 44.10 level.

Expected trading range for today is between 44.10 support and 48.37 resistance.

Expected trend for today: Bullish

more information:
Pioneer Investment Management Pvt Ltd.
NAME premises, Nirvana Building
Putalisadak, Kathmandu
Ph: 01-4267099 /9851179987/ 9801019994

13/07/2017

( )Gold expected trading range for today is between 1210.00 support and 1235.00 resistance.

Gold expected trend for today: Bullish

Gold price settles around 1220.00 level after the rise that it witnessed yesterday, noticing that stochastic attempts to get rid of its negativity gradually, waiting to get enough positive momentum to push the price to resume the bullish trend again, as our first target is located at 1229.32.

In general, we will continue to suggest the bullish trend as long as the price is above 1208.92, as breaking this level will push the price to extend its bearish correction towards 1188.52, while breaching 1229.32 represents the key to extend Gold price gains towards 1254.56 direct.

Expected trading range for today is between 1210.00 support and 1235.00 resistance.

Expected trend for today: Bullish

For more information:
Pioneer Investment Management Pvt Ltd.
NAME premises, Nirvana Building
Putalisadak, Kathmandu
Ph: 01-4267099 /9851179987/ 9801019994

12/07/2017

( .S. gold futures for August delivery rose 0.3 percent to $1,217.70 per ounce.)

"I think we have hit the bottom for the short-term period and we are trying to go back to the $1,230 level over the next one to two months," said Yuichi Ikemizu, Tokyo branch manager at
ICBC Standard Bank, adding that the weaker dollar was supporting bullion.
The dollar edged down to 14-month lows against the euro in Asian trading on Wednesday as investors, already wary ahead of Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign.

12/07/2017

( prices steady as investors await Yellen's testimony)

Gold held steady on Wednesday as investors awaited testimony from U.S. Federal Reserve Chair Janet Yellen and central bank officials expressed caution about further interest rate hikes.

"Gold's near-term direction will now be at the mercy of whether we get a hawkish Yellen on the Hill," said Jeffrey Halley, senior market analyst at OANDA.
Yellen is set to give her semi-annual monetary policy testimony before Congress later on Wednesday and on Thursday, and investors will be parsing it for clues on when the Fed will
start reducing its $4.5 trillion balance sheet, which would have the effect of tightening U.S. money supply.
Meanwhile, two of her colleagues cited low wage growth and muted inflation as reasons for caution on further interest rate increases.

Any pause in U.S. interest rate increases would be beneficial for gold as investors seek returns in other assets.
While dollar-denominated commodities typically rise when the greenback declines, reflecting the intrinsic value of the commodity.

12/07/2017

Crude Expected trend for today: Bearish

Crude oil price showed strong rally yesterday to confirm breaching 45.05 level, as it fluctuates near 46.00 barrier now, noting that there are signs of bullish channel that appears on chart, which supports the chances of continuing the rise in the upcoming sessions.

Therefore, the bullish trend will be suggested for today, and the targets begin at 47.30 followed by 48.37, taking into consideration that breaking 45.05 followed by 44.10 levels will stop the positive overview and push the price to decline again.

Expected trading range for today is between 44.10 support and 48.37 resistance.

Expected trend for today: Bearish

25/06/2017

Weak Ahead : Bearish oil To Fuel stronger U.S Economic Downtrend?

The markets were dominated last week by the crash in oil, an immediate reversal after having been a market leader during the tech selloff.

However, the continuously rising oil supply, both from Libya and Nigeria, two OPEC members exempt from the production agreement—as well as the ongoing ramp-up of US production—officially reversed oil's bullish trend to bearish, after the price fell 20% from its January high of $55. While analysts expected US shale production to moderate as oil prices fall, which would make shale less profitable, it's been reported that US producers have hedged themselves, guaranteeing a $50 per barrel payout irrespective of spot prices, thus incentivizing capacity pumping while continuing to drive the price down

14/06/2017

Technical analysis chart of gold with volume
and on balance volume indicators,
and support and resistance lines,
may give guidance as to the direction
gold may take after FED Interest rate
decision.

The recent fallin price over the last
three days does not have support
from volume and this suggests a bounce
should be expected here or very soon.
additionally there is strong, bullish
support for gold's price at about 1260.
these support the idea of upwards
movement after the FED interest rate decision.

however, the latest and now most
important signal comes from on balance volume breaking below support. this is bearish.

Give that a technical analysis approach
would expect gold to move mostly in
the direction of least resistance and away
from greastest support, the expectation
is for gold to breakout signal,
any upside movement is expected to be
relatively short lived.

17/02/2017

12/12/2016

Gold price change due to weakening of USD +1.70
Gold price change due to predominant sellers -7.20
Gold price: Total change -5.50