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10/06/21 10:53
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Look Ahead to 08/02/23: Oil inventories; TTEF, DIS, UBER and BDEV earnings Oil, tech, and the consumer are set to dominate the markets on Wednesday, with earnings from TotalEnergies (TTEF), EIA data, and results from Walt Disney (DIS) and Uber Technologies (UBER). Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Tuesday 07 February
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07 February 2023 Spot Gold The price of gold has extended its pullback from overbought territory over the last week and has found some near-term support at the 50-day simple moving average (50MA) (green line). Our preference remains to look for long entry on a bullish price reversal. A bullish reversal might be considered if we can see price closing above the 1875 level, provided that the 50MA is not broken with a price close below. Should the 50MA level be broken and the price reversal not confirm, 1820 becomes the next downside support target from the move. In this scenario we not looking to short gold but would rather be looking for a bullish price reversal closer to this level for long entry once again. Should either of these scenarios manifest we will update our guidance accordingly with resistance targets and stop loss considerations. Source: IG charts Brent Crude Oil The bearish reversal off the 8770-level guided in our previous note has yielded a significant decline, although fallen short of the 7760-support target. The price now looks to be rebounding from oversold territory. Traders who have been short might consider this an indication to exit their trades. The longer-term trend bias is still considered down and should a bearish price pattern emerge before this level, new short entries might be considered. In this scenario a close above the 8770 level might be used as a stop loss consideration, while targeting a move back towards the support low at 7760 once again. Only on a move / close above the 8770 level would the longer-term trend bias be reassessed, and long trades reconsidered Source: IG charts Our weekly technical report is compiled by in-house senior market analyst, Shaun Murison.
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Hi, the basic package has a 15 minute delay.
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Question
Tri
IG has come up with new T&C for using their services. Every time I log in , the screen shows the count down to the time I have to accept those.
Every large organisation , when they change their T&C they send you a brief outline of what the majour changes are.
All, but IG. No attempt to clarify what has been changed and why.
IG is very amateurish in this and most aspects. Can't they do a better job, than just mug our money?
And will happen if I don't accept the changes? Will I not be able to log in, or my account deleted and my money scooped away and shoved in IG bosses pockets, or what???
Accepting the changes means nothing in practice. We click and that is. Who is going to read tons of pages of small print, conflicting with each other terms, only made to protect IG but none to protect the customer? Basically, so far I see it, T&C say that IG can do anything at any time and traders have no recourse to anything but just pay up or else.
So what are the changes, mods???
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