FxPro Signals

Daily Technical Report (18 Dec 2015) :
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Monitoring recent lows.
• Crude oil weakens again. Hourly support can
be found at 34.53 (14/12/2015 low). The mediumterm
technical structure is clearly negative in a
context of oil oversupply. Expected to show
continued weakness.
• In the long-term, crude oil has not shown signs
of recovery. Strong support lies at 37.75
(24/08/2015) has been broken and 32.40
(18/08/2015 low) is now on target. Nonetheless,
crude oil is holding way below its 200-Day
Moving Average (setting up at 50). An very
unlikely break of the resistance at 60.72
(05/07/2015) would confirm an underlying
uptrend.

Daily Technical Report (18 Dec 2015) :
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Consolidating.
• Silver is back below 14.00. The metal keeps on
pushing lower. Strong support lies at 13.51
(19/08/2009 low). Hourly resistance can be found
at 15.45 (declining channel) seems way too far.
Yet, the overall technical structure suggests to
see back further weakness toward hourly support
at 13.51.
• In the long-term, the break of the major
support area between 18.64 (30/05/2014 low)
and 18.22 (28/06/2013 low) confirms an
underlying downtrend. Strong support can be
found at 11.75 (20/04/2009). A key resistance
stands at 18.89 (16/09/2014 high).

Daily Technical Report (18 Dec 2015) :
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Weakening.
• USD/JPY has moved strongly up and down
after BoJ meeting. Hourly support can be found
at 120.07 (28/10/2015 low). Hourly resistance lies
at 123.76(18/11/2015 high) has been broken.
Expected to further consolidate.
• A long-term bullish bias is favored as long as
the strong support at 115.57 (16/12/2014 low)
holds. A gradual rise towards the major
resistance at 135.15 (01/02/2002 high) is favored.
A key support can be found at 116.18
(24/08/2015 low).