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  • General Statistics

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      10/06/21 10:53

    Newest Member
    SEELANRADEBE67
    Joined 08/02/23 10:46
  • Posts

    • Did Powell cap interest rate expectations and in turn revive the Dow and other risk benchmarks? More likely, fed rate expectations fueled by last week’s strong data run has likely find a natural equilibrium; but that means risk trends and the Dollar need a new guiding fundamental light to render tentative breaks into viable trends.              
    • I don't think the IG spreadsheet is supported anymore and like you have discovered it is tricky and time-consuming to get working. I've lots of experience using Excel for financial markets/trading purposes as well as using the IG API. I've built an Excel Add-in which makes using Excel with IG much easier, you don't need to deal with DDE, RTD etc. you can just use standard Excel formulas: https://www.excelpricefeed.com/ I think Excel is great for analysing prices, backtesting, modelling, generating signales etc. but I would not suggest that you try to use it for actual trading. Andy
    • Gold price and oil price rally, as lumber price drops back Gold and oil have managed to push higher, recovering some of last week’s losses. Meanwhile, lumber has fallen again. Source: Bloomberg  Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 08 February 2023  Gold pushes higher After the steep losses of Thursday and Friday, the price has attempted to edge higher. A higher low could be in the process of forming, though if the price breaches $1861 this view would be cancelled out. This would then bring the 50-day simple moving average (SMA) into view, and may well result in additional losses down towards $1800. A weaker US dollar might provide hope of a bounce that could set up a move back towards $1950. Source: ProRealTime WTI moves back above 50-day MA US crude oil has clawed back Friday’s losses, rebounding from the lows of the week. Having held the $72.80 area that was also support in early January, a move back towards the 100-day SMA could be in the offing. Above this, the January highs around $82 act as possible resistance. Having prompted a reversal that, for the moment, cancels out a bearish view, buyers will want to see a move above $84 if they are to lay the foundations of a move towards the 200-day SMA. A drop back below $72 is needed to revive the bearish view which seemed so strong on Friday, and would then open the way to $70 and lower. Source: ProRealTime Lumber losses accelerate After another day of losses, a lower high for lumber could be in place. A reversal from below the 200-day SMA would seem to bolster the bearish case, especially since the price failed to break above 54,000. This had acted as resistance back in October as well. Further declines target the 100-day and 50-day SMAs, before moving to the January low around 36,400. Buyers will need to see a move above 54,000 and the 200-day SMA to suggest that a more bullish view prevails. Source: ProRealTime
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