UK Market Closed Slightly Higher - Stock is Strong For Upcoming Session

The top tier closed slightly higher on weekday, as a robust performance by Smith & kinsman was offset by losses amongst the mining sector.The FTSE fell throughout the course of the day on weekday, however found the 6375 level as support and finished up with moderate gains at nine.68 points over on the previous day at half-dozen,463.55 and currently for coming session it's wanting sturdy on charts any pullback between here and there ought to be a shopping for chance on a short-run chart. Crossing of the resistance level if 6500 it will show the amount of 6600 & 6750 with the support of 6350.

Close Brother Group Plc

TOP GAINER

Name	Close Price	Change %
Smith & Nephew	1054	3.54
Shire	4164	2.18
Carnival	2467	1.82
Intercont Hotels	2337	1.79
Capita	1101	1.76

TOP LOSER

Name	Close Price	Change %
Standard Chartered	943.6	-4.89
Anglo American	1320.5	-2.37
Hays	117.7	-2.24
Bt Group	367.9	-2.02
Antofagasta	690.5	-1.92

The primary trend of shut Brother cluster Plc is sideways , From last week it's consolidating on the subject of resistance level with positive bias. Stock is wanting robust for coming session because it has given the run off of 1410 and sustains higher than that once crossing of the robust resistance i.e. 1430 it will check the amount of 1475 with the stop loss if 1404.

CHART FORMATION:-

Stock is commercialism with on the subject of resistance level and consolidating with positive bias crossing of resistance will show northward journey.
Stock is sustaining higher than fifty DMA and two hundred DMA with positive bias.

INDICATORS:-

RSI is commercialism on the subject of the amount of fifty and showing consolidation , Breaching of the resistance level will manage to check the amount of seventy.
In ADX is commercialism higher than twenty five level , Positive DI is placed higher than negative that is indicating strength for purchasing.
Macd & Signal line is commercialism higher than Zero level line that is indicating strength within the stock.

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US EQUITY ENDED ON NEGATIVE NOTE

US equity market finished on a negative note on Wednesday, with the shut of six-year effort to stimulate economy. the tip of QE program by the Fed reflects the development aborning market and also the diminished risk on inflation aspect. The Fed will be keeping charge per unit at current low rates for a substantial time. Employment knowledge is due on Th that is anticipated to stay up the great positive pace within the economy.

AMEREN CORP

Recommendation Buy above $41.92

 

Target $43.50

    

STOCK SUMMARY:-

Ameren business firm is overall in consolidate trend and is sustaining at higher levels on chart. Traders should buy the stock higher than the extent of $41.92 that may be a close to term resistance level for the stock, and if it manages to breach this level any optimistic movement is predicted during this stock to check the amount of $43.50.

CHART FORMATION

Stock is in optimistic trend for close to term and worth is taking support from the line with escape higher than the line with sensible consolidation on daily intraday chart. close to term breach of resistance level of $41.92 is predicted, which might trigger any optimistic sentiment within the stock to check the amount of $43.50.

INDICATORS:-

RSI is commercialism with positive bias and is sustaining higher than the extent of fifty.

In MACD, signal line is sustaining higher than MACD line that is indicating optimistic sentiment within the stock.

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USD/CAD is Bullish - Sustaining on a Rising Trend Line

SUMMARY:-

The primary trend of USD/CAD is bullish, the pair is sustaining on a rising trendline & cosolidating with a negative bias from past few days,it has given breakout from the rising trend lineyesterday & sustaining below the breakout level, 1.1150 is a important support level and breaching of it can show downside movement for today also. MACD line is sustaining below the zero line, which is also indicating the bearish sentiment in the market. RSI is also supporting the same. One can initiate the short position in the pair below the level of 1.1150 as we can expect it to come down to the levels of 1.1100

 

Today's Chart: USD/CAD (HOURLY )

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2607	1.2645	1.2689	1.2727	1.2771	1.2809	1.2853
GBP/USD	1.5988	1.6037	1.6084	1.6133	1.6180	1.6229	1.6276
USD/JPY	107.32	107.50	107.83	108.01	108.34	108.52	108.85
USD/CHF	0.9369	0.9406	0.9439	0.9476	0.9509	0.9546	0.9579
AUD/USD	0.8713	0.8752	0.8804	0.8843	0.8895	0.8934	0.8986
EUR/GBP	0.7841	0.7855	0.7874	0.7888	0.7907	0.7921	0.7940
USD/CAD	1.1039	1.1100	1.1132	1.1193	1.1225	1.1286	1.1318
NZD/USD	0.7801	0.7841	0.7880	0.7920	0.7959	0.7999	0.8038

STRATERGY :-

For Today, USD/CAD is looking weak on chart. We can expect downside movement for few upcoming session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

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COMEX Gold Is Looking Weak On Charts

Overview :
COMEX Gold is trying week on charts. it's a decent support at the extent of $1221 & resistance at the extent of $1238. it's forming a form of continuation pattern in its hourly chart for downward movement, as we tend to may see that once the autumn, it's consolidating at lower levels.

Indicators:
As we tend to may see within the charts, its RSI is below 50 & its MACD is additionally sustaining below the central line, thus additional draw back movement are often expected.

Technical - Levels

 

	R2	R1	S1	S2
GOLD	1261.00	1242.00	1218.40	1194.00
SILVER	17.65	17.40	16.98	16.80
CRUDE OIL	83.80	82.40	79.80	78.26
COPPER	3.0727	3.0480	3.0047	2.9767
NATURAL GAS	3.855	3.726	3.531	3.366

 
Trading Strategy :
If COMEX Gold breaks the extent of $1227.20 & sustains below this level, then one will opt for short below $1227 for the extent of $1223 & $1220 in draw back.

 

 

 

 

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US EQUITY MARKET RISING

US equity market ended on a positive note for a second consecutive day on Tuesday with better than expected results contributing to the early strength. Economic data was limited to the Existing Home Sales report for September. After declining for the first time since March, existing home sales rebounded rising 2.4% to 5.17 million SAAR from an unrevised 5.05 million SAAR. Retail sales along with Consumer Price Index data is due on Wednesday and is expected to come positive for the economy supporting the bulls in the market to further rise the market in green territory.

 

CVS HEALTH CORP

 

Recommendation Buy above $83.50

 

Target $86.50

 

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Midstates Petroleum	03.17	16.97
Baltic Trading	04.04	15.76
Centrus Energy	08.09	15.74
Nuverra Environmental Solutions	09.23	14.23
Herbalife	52.81	12.10

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Rhino Resource Partners	04.90	58.79
Ocwen Financial	21.48	18.20
ITT Educational Services	10.75	15.22
NQ Mobile ADS	08.33	10.04
Atlantic Power	02.29	08.76

STOCK SUMMARY:-

CVS Health Corp is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $83.50 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $86.50.




CHART FORMATION

Stock is in bullish trend for near term and price is testing the resistance level with price taking support from the trend line with good consolidation on daily intraday chart. Near term breach of support level of $83.50 is expected, which would trigger further bearish sentiment in the stock to test the levels of $86.50.

INDICATORS:-

RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.

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UK Market Tumbled Back to Negative

The London market tumbled back to negative territory on Mon once rhythm United States of America earnings rekindled worries concerning the health of the worldwide economy.Having finished on a positive note on Fri once a chaotic week, the Index open on positive note however in a while showed down aspect movement as failed to manage to sustain at higher level and created a intraday low at 6238.60 , Index closed the primary session of in the week 43.22 points down at 6267.07.RSI continues to be sustaing on top of 50 level therefore In forthcoming session it will show recovery and might check the amount 6400 if it manage to sustain on top of 6200 level.
 

Capital & Countries Properties Plc

RECOMMENDATION BUY

 

TARGET 333

TOP GAINER

Name	Close Price	Change %
Intercont Hotels	2249	4.31
Wiiliam Hill	363.4	2.8
Tesco Plc	179.3	2.72
Associat Brit Foods	2635	2.57
Barclays	218.35	2.57

TOP LOSER 

 

Name	Close Price	Change %
Bg group	1024.5	-3.8
Kingfisher	290	-3.01
Itv	199.5	-1.77
Rolls-Royce Hlgs	815	-2.04
Bp	421.9	-1.54

The primary trend of Capital & Countries Properties Plc is pessimistic and from previous couple of commercialism session stock is showing strength for purchasing and searching sturdy on charts. Stock is facing support from the extent 324 sustaining higher than which will show northward journey.One will initiate the long position within the stock higher than the extent of 324 with terrorist group 317 for the target 333

CHART FORMATION:-

 
Stock is forming inverse H&S pattern that is reversal pattern , crossing of the neck line it will provide check the extent of 333.
Stock is sustaining higher than fifty DMA and facing support from two hundred DMA crossing of it will show face movement

INDICATORS:-

 
RSI is commercialism with reference to the extent of fifty and showing consolidation , Breaching of the resistance level will manage to check the extent of seventy.
In ADX is commercialism higher than twenty five level , Positive DI is placed higher than negative with positive bias.
Macd & Signal line is commercialism higher than Zero level line that is indicating strength within the stock.

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