Caseynotes

Hi @Klloyd58, if you click on the time frame label (marked in yellow in the pic below) the drop down box should appear.

Interestingly volume has dropped away this week compared to previous though need to wait for today's bar to complete for the full picture. 57.83 at the mo.

US Global Investors @USFunds 12h South African gold output fell the most in six years, with production declining 31% from a year earlier. For many decades the nation was the world’s top #miner by a wide margin. Get our weekly recap of the #gold market tomorrow afternoon: ow.ly/UpaX30nMJr2

Hi @scorpione, have a look at this IG educational page, https://www.ig.com/uk/options-trading and see follow on pages (see pic).

Hi @Marte, IG specialise in brokerage rather than analytics though they do have company info and analysis and it does dig deeper if you have an account and are logged in. For pure company background information you are probably better off with an exchange web site such as the LSE or a specialist analytical site such as https://uk.tradingview.com/symbols/LSE-BARC/ for example.

Nice example of why Support and Resistance is the King of indicators. Below is my Dow chart from December 4th where 26069.6 made it's first appearance as a struggling young H4 resistance level, over time he worked his way up through the ranks to become the Weekly resistance level. That hard work and diligence has paid off as yesterday he received the recognition so rightly deserved when he was tagged and saluted to the tick. Brings a tear to the eye.

Both dow and dax charts showing interesting On Balance Volume divergences. dax daily chart dow 4 hour.

Dow tags the weekly resistance level 26069 then pulls back to settle on recent support 25761. US - China talks continuing giving drip feed news this week and into next, no major break either way as yet. Dax sitting on daily chart resistance turned support 11387, to the up side is the weekly resistance level 11569 while on the downside daily support level is 11242. Watch out for German GDP numbers 7:00 am today. Yesterday we saw lower PMI figures than expected pointing to lower GDP figures, GDP Q/Q forecast at 0.0% and Y/Y forecast at 0.9%. German IFO business climate data at 9:00 am and EU CPI data at 10:00 am. Indices daily charts, Dow H4.

"The NYSE Advance/Decline (AD) line made another new all-time high yesterday. This is a very good sign, as market breadth tends to lead stock prices. Also, breadth breaks down ahead of major market peaks. Yet another clue that this bull still has some tricks up his sleeves..." Ryan Detrick, CMT @RyanDetrick

So the logic of the short trade idea was good (see my posts above) but it didn't pan out and serves to highlight the difference between investors and speculators. To recap, the idea was that the sharp rise from Tuesday onward was due to speculators entering the market betting on a dovish FOMC minutes release driving price up to resistance where they would exit causing a correction down (sell at 1360 - stop loss at 1380). But the minutes were more hawkish than expected so the speculators abandoned their positions immediately hence the drop back down to near the Tuesday morning level. The investors are not selling and quite right too, the sellers are the speculators who got in on Tuesday looking for a short term gain.

EU PMIs point to GDP growth of just 0.1%. https://www.markiteconomics.com/Public/Home/PressRelease/e9139d7e204145399559112c7048fad7?hootPostID=e04259bf981997615aa67559ff8ebbc1

German manu PMI goes deeper into contraction while EU manu PMI also drops below 50.

Hi @Sylv, IG say their MT4 download won't run on Mac but there are other brokers who's MT4 will (google search), also I think Metatrader themselves do a Mac version. Once downloaded its just a case of changing the feed to the IG live and demo feed from the 'open an account' tab in the 'File' panel. Click on 'add new broker' and fill in the IG details as per pic below.

ESMA banned binaries in the EU last year though they are still available in many other countries, Australia having the greater number of users.

Dow sidles up to the all important early December high before the big Dec drop, Dax poised to tackle resistance of it's own though keep an eye on the EU and Ger PMIs 8:15 - 8:30. Ftse and Nikkei look well positioned to continue onward and upward. US Durable goods at 1:30. Daily charts;

FOMC minutes more hawkish than expected, speculative longs bailing out.

Gold is going to have to fight it's way through this overhead resistance, but the word on the street is that the buying of the last 2 days is short term speculation in expectation of dovish Fed minutes tonight with a target to get out just under the resistance level. Not really my type of trade either but will be interesting to see if it plays out.

Copper on a bounce and out of sync with the US 10 Treasury yield.

US Global Investors @USFunds 14h Will 2019 be the year of King Copper? #Copper miners got upgraded by big banks last week as sales of electric vehicles – which use three to four times the amount of the red metal as traditional vehicles – are booming in China. ow.ly/UEAa30nKUML

Two takes on impending doom, take your pick.

As ever it seems with a move in gold the talk is of China building up reserves but also this time round there is talk of the expectation of a dovish Fed minutes release today being priced in. ? sell order around 1360 with a stop around 1380 anyone?

Interesting yesterday on London open, Dow didn't react so Dax and Ftse did their own thing which was to head off in opposite directions. Dax made a grab for the weekly resistance level, missed and fell back while Ftse found stronger support down around 7161. Dow maintains a bull flag and may be waiting for the last FOMC meeting minutes release today at 7:00 pm. See brief below. H1 charts; USD: 3 Things To Look At The FOMC Minutes On Wed - BofAML First appeared on eFXplus on Feb 19 - 01:15 PM Share: Bank of America Merrill Lynch Research discusses its expectations for tomorrow's FOMC minutes from the January meeting. "The minutes of the January FOMC meeting will be of particular interest given the extreme dovish pivot from the Fed. We will be looking to learn about the following: 1) why did the Fed go from signaling additional hikes in December to no further hikes just six weeks later in the January meeting? 2) What is the Fed watching to determine next steps? Is it global data? Financial markets? 3) How has the Fed's thought process evolved around the balance sheet normalizationprocess?," BofAML notes. "On hikes, we think there will be a consensus that the best move is for the Fed to signal a pause...On risks, we expect a discussion about the global backdrop, with particular attention on the slowdown in China and the weakness in Europe....The balance sheet discussion may be the most notable. The Fed put out a statement with the last meeting which said that the Fed will embracean "abundant" reserve framework and will allow the balance sheet to adjust to economic conditions. However, we are still missing details. What is the timeline? Is there a target for the optimal level of reserves? Will the Fed taper? We think the Fed will drop some hints on these issues in the minutes as a way of testing the market reaction," BofAML adds. Source: BOFA MERRILL LYNCH RESEARCH/MARKET COMMENTARY

Very good piece on false breaks from David Jones. https://masterinvestor.co.uk/magazine/#dflip-66920/56/

New Tradeciety book on technical analysis just published. Kindle version is free for the next 72 hours only. https://www.amazon.co.uk/dp/B07NVDSW8Y

Most intriguing @OceansJessIG must have hundreds of clients using the digital 100 platform and I was expecting some sort of reaction such as 'yes, that happened to me too' but nil so far. Curious.