Forex Zone (Forex Zone)
Czech markets  |  October 19, 2012 09:57:39

We go against Goldmanům?

Two sources who attach themselves weight wittily argue with the latest recommendations of the investment bank Goldman Sachs, which has lowered the price target for Brent oil price from $ 130 to $ 110 Both sources say, buy oil, as Goldman probably does the same. We must adhere to them. Although instead of watching Brent U.S. crude oil WTI and between high correlation functions. We perceive a long-term growth potential for WTI to $ 100 off track, potentially up to $ 104 and $ 108th

As for trading on the monitored pair EUR / USD, so that we try out nicely yesterday (yeah, yeah, and it happens). Already during the European morning after we test low Asian session, which we pointed out, waiting to move Reviews Support around 1.3060, which we also pointed out. The first attempt at this failed puncture. So we waited patiently (open short position) if you open the U.S. session vendors will be able to push the price to 1.3060. Even that did not happen, so we stopped short, with the wait for further developments. And when the market came after 20:00 daily low test a third time, so we expect that he's not so late in the day and the market will return to the price of 1.3100. And ugh, come quick breakdown to 1.3060.

Anyway, we expect that the price should test 1.3100 velvet, so open long position at rest hold. Yesterday we noted superiority dealers, but now we wait for the test direction prices above and see how these new vendors maintained. If you show commitment, we would like to open short positions. The development of the last few days yet perceive a clear preponderance buyers or sellers. We see, however, a high probability for high test current Asian session, and then plate 1.3100.

The macro news today to be careful around 16:00. Major Support for Today - 1.3040 and 1.3020 and 1.3000. Major resistance for today - 1.3100 and 1.3160 ??and 1.3200.

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