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TheCityTA
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Where Traders Are Made
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Crude Oil - 28th September 2016
Crude oil rose in the New York session yesterday, closing 0.65% higher at USD45.00 per barrel.
At GMT0500, the commodity is trading at USD44.76 per barrel, 0.53% lower from the New York close.
The commodity is expected to find its first support at USD44.00 per barrel and first resistance at USD45.70 per barrel. The second support is expected at USD43.25 per barrel and second resistance at USD46.65 per barrel.
A bearish pattern is generated as the price has crossed the short term SMA from above.
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Gold - 28th September 2016
Yesterday, gold traded 0.46% lower in the New York session and ended at USD1330.50 per ounce.
In the Asian session, at GMT0500, the precious metal is trading at USD1328.80 per ounce, 0.13% lower from the New York close.
The precious metal is expected to find its first support at USD1323.83 per ounce and first resistance at USD1337.63 per ounce. The second support is expected at USD1318.87 per ounce and second resistance at USD1346.47 per ounce.
The formation of a Hanging man Candlestick on the chart suggests that selling pressure has overwhelmed buying pressure and a trend reversal is imminent.
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S&P 500 - 28th September 2016
The S&P 500 strengthened 0.64% yesterday and closed at 2159.93. During the week, the index traded at a high of 2179.99 and a low of 2139.17.
The S&P 500 weekly support level is 2139.40, and a fall through could take it to the next support level of 2118.88. The index weekly resistance level is 2180.22, and a rise through could take it to the next resistance level of 2200.52.
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DJIA - 28 September 2016
The DJIA advanced 0.74% yesterday and closed at 18228.30. During the week, the index traded at a high of 18449.88 and a low of 18052.16.
The DJIA weekly support level is 18037.01, and a fall through could take it to the next support level of 17845.73. The index weekly resistance level is 18434.73, and a rise through could take it to the next resistance level of 18641.17.
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DAX 30 - 28 September 2016
The DAX 30 fell 0.31% yesterday and closed at 10361.48. During the week, the index traded at a high of 10705.40 and a low of 10265.69.
The DAX 30 weekly support level is 10182.98, and a fall through could take it to the next support level of 10004.48. The index weekly resistance level is 10622.69, and a rise through could take it to the next resistance level of 10883.90.
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FTSE 100 - 28th September 2016
The FTSE 100 weakened 0.15% yesterday to close at 6807.67. During the week, the index traded at a high of 6937.33 and a low of 6768.86.
The FTSE 100 weekly support level is 6738.58, and a fall through could take it to the next support level of 6669.48. The index weekly resistance level is 6907.05, and a rise through could take it to the next resistance level of 7006.42.
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EUR/GBP - 28th September 2016
Yesterday, the Euro traded 0.14% lower against the Sterling in the New York session and ended at 0.8618.
In the Asian session, at GMT0500, the pair is trading at 0.8625, with the Euro trading 0.08% higher against Sterling from the New York close.
The pair witnessed a high of 0.8639 and a low of 0.8617 in the New York session.
The pair is expected to find its first support at 0.8598 and first resistance at 0.8669. The second support is expected at 0.8571 and second resistance at 0.8714.
Price has crossed the 8H 20SMA from above, generating a bearish signal in the coming session.
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USD/JPY - 28th September 2016
The USD traded 0.06% higher against the JPY in the New York session yesterday, with the pair closing the session at 100.40.
The pair is trading at 100.66 at GMT0500 in the Asian session, with the US Dollar trading 0.26% higher against Yen from the New York close.
In the New York session, the pair traded at a high of 100.50 and a low of 100.17.
The pair is expected to find its first support at 100.23 and first resistance at 101.04. The second support is expected at 99.79 and second resistance at 101.41.
A decline in momentum can be seen as the BOP signal has crossed zero from above.
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GBP/USD - 28th September 2016
In the New York session yesterday, the Pound strengthened 0.32% against the US Dollar to close at 1.3018.
The pair is trading at 1.3002 at GMT0500 in the Asian session, with the Pound trading 0.12% lower against US Dollar from the New York close.
The pair witnessed a high of 1.3026 and a low of 1.2951 in the New York session.
Immediate downside, the first support level is seen at 1.2949, followed by 1.2895, while on the upside, the first resistance level situated in 1.3041, followed by 1.3079.
The formation of the Three Inside Up pattern on the chart indicates that the previous downtrend is coming to an end with a possible reversal in price.
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