|
 |
|
S&P-ASX 200: capped by a negative trend line.
|
Pivot: 5100.00
Our preference: short positions below 5100.00 with targets @ 4700.00 & 4520.00 in extension.
Alternative scenario: above 5100.00 look for further upside with 5270.00 & 5400.00 as targets.
Comment: the RSI is mixed with a bearish bias.
|
|
|
Green Lines Represent Resistance |
Red Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
|
|
In order to leverage this directional view we have selected the following product
|
|
ASX Code |
Type |
Strike |
Stop Loss
Trigger Level |
Index Multiplier |
Current
Index Level |
Gearing |
Approx
Value |
% from
Stop Loss |
|
|
XJOQOV |
MINI Short |
5230.85 |
5085 |
0.01 |
4879.958 |
94.75% |
$2.75 |
2.6% |
|
|
More products on au.citifirst.com
|
|
|
AUD/USD ST: key resistance at 0.7390.
|
Pivot: 0.7390
Our preference: short positions below 0.7390 with targets @ 0.6820 & 0.6650 in extension.
Alternative scenario: above 0.7390 look for further upside with 0.7530 & 0.7805 as targets.
Comment: as long as 0.7390 is resistance, look for choppy price action with a bearish bias.
|
|
|
Green Lines Represent Resistance |
Red Represent Support Levels |
Light Blue is a Pivot Point |
Black represents the price when the report was produced
|
|
In order to leverage this directional view we have selected the following product
|
|
ASX Code |
Underlying
Currency |
Type |
Strike |
Stop Loss
Trigger Level |
Multiplier |
Current
FX Rate |
Gearing |
Approx
Value |
% from
Stop Loss |
|
|
FXUQOR |
USD |
MINI Short |
0.77 |
0.75 |
100 |
0.7152 |
93.23% |
$7.26 |
4.64% |
|
|
More products on au.citifirst.com
|
|
© 2016 Citigroup Global Markets Australia Pty Limited (ABN 64 003 114 832). All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world.
|
|
| |
Legend
MA (50) & MA (20): The most simple trend indicators are Moving Averages. They simply correspond to an average calculated on an evolving time scale (20 and 50 periods): every day, the oldest value (often taken at the close) in the average calculus is replaced by the value of the new session.
Bollinger bands: are represented by 3 different bands and are derived from moving averages. The middle band corresponds to a simple moving average (MA (20)). The level of the upper band, in every point, corresponds to the sum of the level of the middle band and twice the value of the standard deviation associated to the 20-day moving average. Reciprocally, the level of the lower band corresponds to the level of the middle band diminished by twice the value of the standard deviation associated to the 20-day moving average. An envelop of the future price is thus determined. This makes it possible to then identify the variation margin in which the future should stay almost systematically. In the case of a future following a Gauss law, 95 % of the trades will thus occur between these bands.
RSI (14): the Relative Strength Index aims at establishing a reference scale independently from the future price levels themselves. As the RSI has boundaries (0 and 100), it then becomes very easy to determine overbought (above 70) and oversold (below 30) areas. In addition, just as on prices themselves, supports and resistances can appear, especially when nearing the neutrality zone (near 50). Thus, the RSI is one of the most commonly used counter-trend indicators.
It is based on the average of rises and drops of price, with the formula:
RSI = 100 - [100 / (1 + RS)]
Where RS represents the average of up closes divided by the average of down closes on the considered period (14).
By "Invalidation level" we at TRADING Central mean a pivotal point, a key technical level - analogous to a trading stop loss level.
It is synonymous to "key technical level" - it can be anything from a Fibonacci projection to a gap, etc. Actually, there is no one-way for
calculating an invalidation level. We favour the use of Fibonacci levels (either via a retracement or a projection), along with classical
technical levels (gaps, horizontal lines, etc.). The choice will depend on the current market configuration. A break through our invalidation
level would invalidate our forecast, mentioned as "Our Preference" and trigger the "Alternative scenario".
Disclaimer
1. By making information and data available to the User/Client on /from the TRADING CENTRAL Securities Ltd ("the Company") Website ("the Information"), including (but not limited to) facts, data, views, opinions, analyses, comments and recommendations of individuals and organisations of deemed interest or otherwise, the Company is not giving or purporting to give or representing or holding themselves out as giving or purporting to give financial, investment, tax, legal, professional or any other advice.
2. All Users agree and confirm that they shall not treat nor regard (nor does the Company intend to be so treated or regarded) any Information as constituting advice of any kind from the Company.
3. The Company makes no warranty or representation, express or implied, as to the Information's accuracy, reliability, completeness, timeliness or otherwise. The availability of the Information on the Company's Website shall not be taken as any offer, invitation or inducement to enter into or undertake any transaction and the User shall at all times rely entirely on his own assessment and judgement (and that of his financial advisor's) before deciding to enter into or undertake any transaction or to acquire any financial instrument or security.
4. The User is recommended to seek appropriate professional advice before making financial or investment decisions with legal, commercial and financial implications.
5. The Company cannot and does not endorse, and shall not be responsible or liable in any way for the messages, analyses, comments, views, opinions and recommendations of other Users, individuals or any other persons (corporate or non-corporate), nor does the inclusion in the Company's website of a link to other web site(s) or resources imply any form of recommendation or endorsement by the Company of such other website or resource(s).
6. While the Information on the Company's web site has been obtained from sources believed to be reliable ( and are subject to the provisions in para.3 above), all Users must bear in mind that none of the data, facts, news, information, reports, analyses, comments, opinions nor any of the recommendations (if any) contained within the Information has been customised or tailored specifically for any specific person or class of persons.
7. No such data, news, information, reports, analyses, comments, opinions or recommendations contained or published in the Information is to be construed as an offer, solicitation or recommendation by the Company to any person or class of persons to buy any of the securities, financial instruments or other investments referred to in the Company's Website.
Disclaimer: Citigroup Global Markets Australia Pty Limited ("Citi"), ABN 64 003 114 832 and holder of AFSL No. 240992 has not prepared, or been involved in the preparation or publication of the newsletter or the information otherwise contained in the Trading Central website or issued by Trading Central (the "Material"). However, Trading Central promotes Citi issued Mini Warrants pursuant to a commercial relationship between Trading Central and CITI. Citi is not responsible for the results of any actions taken on the basis of the Material, nor for any error in it or omission from it. None of the Materials is to be construed as an offer or recommendation by Citi to any person to buy any product or investment referred to in the Materials.
Citi expressly disclaims all and any liability and responsibility in respect of anything, and of the consequences of anything, done or omitted to be done in reliance on the Material or information contained in it or produced by it. Citi makes no representation or warranty as to the accuracy or completeness of the Material or that it has been audited, verified or prepared with reasonable care and does not endorse, and shall not be responsible in any way for any analyses, comments, views, opinions or recommendations in the Materials regarding Citi products. By accepting this Material you acknowledge that neither Citi nor any of its related bodies corporate nor any of its officers, employees or advisers are required to update the Material or to correct any error, inaccuracy or incompleteness or similar defect in the Material.
Prior to entering into any transaction ("Transaction"), you should determine, without reliance upon Citi or its related bodies corporate or any of its officers, employees or advisers, the legal, tax and accounting consequences of any such Transaction and you should seek advice based on your particular circumstances from an independent tax advisor. In this regard, by accepting this Material, you acknowledge that (a) we are not in the business of providing (and you are not relying on us for) tax or accounting advice, (b) there may be tax or accounting risks associated with any Transaction and (c) you will receive and rely on separate and qualified tax and accounting advice and any reliance by you on the Material is solely at your own risk.
Copyright 2016 - TRADING CENTRAL
Warrants and minis involve risk and are not suitable for everyone. Prior to buying or selling a warrant or a minis, investors should receive appropriate training or documentation on warrants characteristics from their broker, from the Singapore Exchange or from one of the issuers. TRADING Central is not a broker-dealer. TRADING Central is not affiliated with the Australian Stock Exchange, the issuers of warrants and minis mentioned in this site or their affiliates. Investors should exercise judgment and perform adequate due-diligence prior to making any investment.
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING Central current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
Services are offered through TRADING Central Asia Ltd.
This message is intended for recipient only and not for further distribution without the consent of TRADING Central. Although TRADING Central attempts to sweep e-mail and attachments for viruses, it does not guarantee that either are virus-free and accepts no liability for any damage sustained as a result of viruses.
Click here if you no longer wish to receive the Weekly Outlook
|
|
|
|
