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SP-MAR16 could be boosted by the trust in sending the oil prices higher

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 25, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
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    SP Mar. 16 Daily 25-01-2016 06-38-14 ص.jpg
    SP-MAR16 could prolong its rising from last Wednesday low at 1804.25 to reach 1904 in the beginning of the new week.

    SP-Mar16 daily RSI is reading now 40.139 in its neutral region coming from its oversold area below 30 and also its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line into the neutral region reading 76.493 to have a closer place to the overbought area above 80, after coming from the oversold region below 20 and also its signal line is in the neutral territory but lagging behind the main line reading now 57.494

    SP-Mar. 16 daily Parabolic SAR (step 0.02, maximum 0.2) is referring today to 1806.20 in its second day of being below the trading rate, after rising extension last Friday too reached 1902.

    Important levels: Daily SMA50 @ 2011.06, Daily SMA100 @ 2004.47 and Daily SMA200 @ 2041.44


    S1: 1836.25
    S2: 1804.25
    S3: 1802.63
    R1: 1907.25
    R2: 1927.25
    R3: 1946.25

    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    Tel: UK. +44 1138590277
    Mob: EGY. +20 1224659143

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