Icon close

  • Tenga en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso está permitido por ley. STARTRADER y sus entidades afiliadas no están establecidas ni operan en su jurisdicción de origen. Al invertir a través de este sitio web, es importante comprender que no está regulado por la Comisión Nacional del Mercado de Valores (CNMV) y usted no tendrá las protecciones que brinda la CNMV.

    Si decide continuar y visitar este sitio web, reconoce y confirma lo siguiente:

    1. STARTRADER no tiene sede en España ni licencia de la CNMV.
    2. Usted accede al sitio web por iniciativa propia y STARTRADER no se lo ha solicitado de ninguna manera.
    3. Desea obtener información de este sitio web, que se proporciona mediante solicitud inversa de acuerdo con las leyes de su jurisdicción de origen.
    4. Invertir a través de esta web no te otorga las protecciones previstas por la CNMV.
    5. Si decide invertir a través de este sitio web o con cualquiera de las entidades de STARTRADER, estará sujeto a las normas y regulaciones de las autoridades reguladoras internacionales pertinentes, no a la CNMV.

    STARTRADER quiere dejar claro que se encuentra debidamente licenciado y autorizado para ofrecer los servicios y productos financieros derivados enumerados en el sitio web. Las personas que acceden a este sitio web y registran una cuenta comercial lo hacen por su propia voluntad y sin solicitud previa.

    Al confirmar su decisión de continuar e ingresar al sitio web, por la presente afirma que esta decisión fue iniciada únicamente por usted y que ninguna entidad de STARTRADER ha realizado ninguna solicitud.

  • Si prega di notare che il sito web è destinato a individui residenti in giurisdizioni dove l'accesso è permesso dalla legge. STARTRADER e le sue entità affiliate non sono né stabilite né operanti nella vostra giurisdizione di residenza. Quando si investe tramite questo sito web, è importante comprendere che non è regolamentato dalla Commissione Nazionale per le Società e la Borsa (CONSOB), e non si avranno le protezioni offerte dalla CONSOB.

    Se si sceglie di procedere e visitare questo sito web, si riconosce e si conferma quanto segue:

    1. STARTRADER non ha sede in Italia né è autorizzata dalla CONSOB.
    2. Si sta accedendo al sito web di propria iniziativa e non si è stati sollecitati in alcun modo da STARTRADER.
    3. Si desidera ottenere informazioni da questo sito web, che sono fornite su base di sollecitazione inversa in conformità con le leggi della propria giurisdizione di residenza.
    4. Investire tramite questo sito web non concede le protezioni fornite dalla CONSOB.
    5. Se si sceglie di investire tramite questo sito web o con una qualsiasi delle entità STARTRADER, si sarà soggetti alle regole e ai regolamenti delle relative autorità di regolamentazione internazionali, non alla CONSOB.

    STARTRADER desidera chiarire che è debitamente autorizzata e abilitata ad offrire i servizi e i prodotti derivati finanziari elencati sul sito web. Gli individui che accedono a questo sito web e registrano un conto di trading lo fanno completamente di loro iniziativa e senza sollecitazioni precedenti.

    Confermando la vostra decisione di procedere ed entrare nel sito web, affermate che questa decisione è stata iniziata esclusivamente da voi, e che non è stata fatta alcuna sollecitazione da parte di alcuna entità STARTRADER.

  • Thank you for visiting our website. Please note that our platform is intended solely for individuals residing in jurisdictions where the distribution and use of such information are legally permitted. STARTRADER and its affiliates do not engage in business activities in jurisdictions where such practices are restricted or prohibited by law.

    By selecting "Acknowledge" you confirm that your access to this site is entirely self-initiated and not a result of any promotional activities conducted by STARTRADER. You are seeking information based on your own initiative, in accordance with the principles of reverse solicitation as applicable under the laws of your jurisdiction.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

English

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Language

17 August 2022 – Crude Oil Falls Under Heavy Selloff

U.S. Dollar Index (USDX)

US dollar index hourly chart showing tis struggling to penetrate the resistance range of 106.40 and 106.50

The dollar index traded the majority of the morning sessions below the resistance at 106.50 and slightly above the hourly chart support at 106.30. However, the hourly chart shows a continuation of the uptrend started on August 11 from the previously analyzed double bottom pattern.

Meanwhile, on the daily chart, the index is struggling to penetrate the resistance range of 106.40 and 106.50, which slowed the momentum and flattened the readings of the technical indicators.

PIVOT POINT: 106.50

SUPPORTRESISTANCE
106.20106.60
106.00106.75
105.50106.95

Japanese Yen (USDJPY)

USDJPY hourly chart to light the candle in green and shows support at 133.95.

The yen may be tentatively rallying against the dollar, but it is roaring ahead against other major peers in another sign the worst of this year’s losses may be behind it. The samurai currency has climbed over 3% against the dollar to 134.40 since the peak of the bearish trend in mid-July.

However, the pair started recovering by the European session on the hourly chart to light the candle in green. Additionally, the hourly chart shows support at 133.95. Meanwhile, technical indicators show a saturation at the current levels which indicates a possibility of a decline.

PIVOT POINT: 134.70

SUPPORTRESISTANCE
134.30135.00
133.95135.20
133.60135.35

Spot Gold (XAUUSD)

Spot gold chart shows that it found support at 1,770 which kept the trading range tight between 1,772 and 1,782 per ounce

Gold prices moved little in Asian trade on Wednesday as a recovery in the stock market dented safe-haven demand, while copper prices rose on the prospect of more stimulus measures in major importer China.  Spot gold prices were largely unchanged at around $1,775.35 an ounce, while gold futures held around $1,789.70 an ounce.

Spot gold found support at 1,770 which kept the trading range tight between 1,772 and 1,782 per ounce. However, the long term trend remains downwards despite the big bounce from 1,700 to 1,775.

PIVOT POINT: 1,775

SUPPORTRESISTANCE
1,7701,800
1,7671,810
1,7591,825

West Texas Crude (USOUSD)

WTI crude oil chart shows that it found support at $87.40 per barrel on the hourly chart which can be considered a speculative area as long as the prices haven’t dropped below $86.50 per barrel

Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in U.S. oil and gasoline stocks reminded investors that demand remains firm if overshadowed by the prospect of a global recession. Brent crude futures rose 0.6% to $92.90 a barrel. WTI crude futures climbed 0.7% to $87.15 a barrel.

The contracts slumped about 3% on Tuesday as weak U.S. housing starts data spurred concerns about a potential global recession. U.S. crude and fuel stocks fell in the latest week, according to market sources citing American Petroleum Institute figures on Tuesday. Crude stocks fell by about 448,000 barrels for the week ended Aug. 12. Gasoline inventories fell by about 4.5 million barrels, while distillate stocks fell by about 759,000 barrels, according to the sources.

WTI found support at $87.40 per barrel on the hourly chart which can be considered a speculative area as long as the prices haven’t dropped below $86.50 per barrel. Meanwhile, the daily chart shows a continuation of the downtrend and a high possibility of breaking towards $82.90.

PIVOT POINT: 86.50

SUPPORTRESISTANCE
83.6591.55
78.8594.00
74.6097.50

Related Articles

24 August 2022- Crude Oil Finds Shelter in Supply Figures

19 August 2022 – Gold Lost and Gone Heavily Bearish

19 July 2022 – Crude Oil Held Above $100

×
Live Account

RISK WARNING
All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carries a high level of risk to your capital. All these derivative products, many of which are leveraged, may not be appropriate for all investors. The effect of leverage is that both gains and losses are magnified. The prices of leveraged derivative products may change to your disadvantage very quickly, it is possible for you to lose more than your invested capital and you may be required to make further payments. It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. Before deciding to invest in any financial product, you should carefully consider your investment objectives, trading knowledge and experience and affordability. You should seek independent professional financial advice if you do not understand the risks involved. You should only trade in Forex and CFDs if you have sufficient knowledge and experience of the risks involved in trading such products and if you are dealing with money that you can afford to lose. STARTRADER International PTY Limited assumes no liability for any loss sustained from trading in accordance with a recommendation. Trading via this material is with STARTRADER International PTY Limited.

REGIONAL RESTRICTIONS
This material, including the information and materials contained in it, is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of the following countries: Afghanistan, Cuba, Eritrea, Iraq, Islamic Republic of Iran, Israel, Liberia, Libya, Malaysia, Nicaragua, Pakistan, Russian Federation, Somalia, Syrian Arab Republic, Sudan, United States, Italy, Ukraine, Malaysia, France, Spain, Estonia, Slovenia, Finland, Denmark, Indonesia or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

STARTRADER Limited is regulated by the Financial Services Authority ("FSA") in Seychelles and holds License No. SD049. Registered under Registration Number 8427362-1, STARTRADER’s physical office is located at Block B, Room 2, No. 2, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles, with the registered address at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Tel: +248 4325865. Email: [email protected].

Cookie

We use cookies to understand how you use our website and to give you the best possible experience. You can find out more by viewing our Cookie Policy.

Agree
x

STARTRADER

Online Trading App

Online App Score
Install
Customer Service
Customer Service