Archive for September, 2014

Brent and WTI Decline Amid Conflict In The Middle East

by Forex Rooton September 30, 2014 12:17 pm GMT
Brent and West Texas Intermediate headed for the biggest quarterly decline in more than two years as abundant crude supplies offset the risk of disruption from conflict in the Middle East. Futures were up 0.4 percent in London, trimming a drop of 13 percent since the beginning of July. The U.S. and its European and […]

Technical Analysis Sep.30th

by Forex Rooton September 30, 2014 7:19 am GMT
EURUSD EURUSD failed to pierce the support at 1.2650 yesterday, but at the same time did not leave its vicinity, posting merely a 15-pip rally from the 2012 Q4 low. The immediate resistance is at 1.27, represented by the monthly S3, while a more significant supply level is considered to be a few steps higher, […]

Technical Analysis Sep.29th

by Forex Rooton September 29, 2014 7:59 am GMT
EURUSD As it turned out last week, the 2013 low was unable to prevent the Euro from further depreciation. As a result, EURUSD is now testing the support at 1.2650, represented by the 2012 Q4 low. If there is a rebound from here, it is likely to be stopped by 1.2750, where the last year’s […]

Technical Analysis Sep.25th

by Forex Rooton September 25, 2014 7:05 am GMT
EURUSD The European currency has finally stepped away from the resistance at 1.29, and now it is getting ready to challenge the 2013 low at 1.2750. A breach of this support will expose 1.2650, namely the 2012 Q4 low. This will also most likely imply continuation of the current sell-off until the price falls to […]