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Technical Analysis Daily: Forex, Equities, Commodities

Posted by Akhilesh Ganti on Sep 11, 2014 8:00:00 PM

September 12, 2014 (Daily)Pivot points, Support & Resistance levels for Equity Indices, Commodities, Dollar Index and currency pairs offered by WorldWideMarkets and USD, Equity Indices & Commodity daily performance chart. {updated at 00:00:00 UTC}

Market Best Performer Worst Performer Comments
Forex EURCAD CADJPY  US Dollar's persistent strength overwhelmed commodity currencies like AUD & CAD as the former fell to 6-month lows despite the surprisingly robust employment report while the latter hit 5-month lows as oil, the nation's largest export, plunged to its lowest point in about a year. 
Equity  S&P 500  ASX 200 A rebound in oil prices from 12-month lows gave a boost to energy companies thus enabling the S&P 500 to outperform other global stock indices.
Commodity  US Crude Oil (WTI)  Natural Gas Escalation of tensions between Russia and the west saw Crude oil, which had been under heavy pressure after breaching key support at 91.20, surge higher. Natural gas fell after weekly data showed that inventories rose more than expected.
    A technical analysis indicator used to try and determine the short-term trend of the market. The pivot point is the average of the high, low and closing prices from the previous trading day. If the market in the following day trades above the pivot point it is thought to be exhibiting bullish sentiment, whereas trading below the pivot point is seen as bearish.

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FOREX 091214

  • Equity Indices, Commodities & USD -vs- Majors Daily performance

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DOLLAR 091214

Topics: Pivot Points, Asian session


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