Brent prediction | technical analysis October 17, 2017

Brent prediction | technical analysis October 17, 2017

Brent prediction Quotes of BRENT crude oil continue to trade as part of the growth. At this point, we should expect a test level of 58.20 and continue falling to the area below the level of $ 55 per barrel. In favor of falling quotes and oil prices BRENT will test the resistance area on the indicator of relative strength index (RSI).

Brent prediction & technical analysis on October 17, 2017

Expect to accelerate the fall of quotations is with a breakdown of $ 54 per barrel, which indicates the completion of the formation of the reversal model «Double Top». The abolition of the fall in oil prices will be a strong growth and a breakdown of the level of 59.50 dollars per barrel, which will indicate the continued growth of BRENT above level 62.

Brent prediction Quotes of BRENT crude oil continue to trade as part of the growth. At this point, we should expect a test leve

Brent prediction

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Brent prediction | technical analysis October 17, 2017, assumes an attempt to test the level of 58.20, from which it is expected to fall quotations and oil prices, in favor of the drop will test the resistance area on the indicator of relative strength index (RSI), the abolition of the fall will become a breakdown at level 59.50, which will indicate the continued growth of quotations BRENT above level 62.

 

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Commodities Buyers and Producers

The sale and purchase of commodities is usually executed through futures contracts on exchanges that standardize the quantity and minimal satisfactory of the commodity being traded. As an example, the Chicago board of trade stipulates that one wheat agreement is for five,000 bushels and also states what grades of wheat can be used to meet the settlement.

There are sorts of traders that change commodity futures. The first is customers and producers of commodities that use commodity futures contracts for the hedging functions for which they were first meant. Theses buyers truly make or take delivery of the actual commodity while the futures agreement expires. As an example, the wheat farmer that vegetation a crop can hedge towards the hazard of dropping money if the charge of wheat falls before the crop is harvested. The farmer can promote wheat futures contracts while the crop is planted and guarantee a predetermined price for the wheat at the time it’s far harvested.

Theses traders in no way have the desire to make or take transport of the real commodity while the futures agreement expires. Among the futures markets are very liquid and have an excessive degree of each day variety and volatility, making them very tempting markets for intraday buyers. A number of the index futures are utilized by brokerages and portfolio managers to offset threat. Additionally, since commodities do now not generally exchange in tandem with equity and bond markets, some commodities can also be used correctly to diversify a funding portfolio.


 

 



COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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