MONTHLY TECHNICAL REPORT
|
|
- Chrystal Hutchinson
- 5 years ago
- Views:
Transcription
1 - CFTe1 This report is intended to present a general view for the market, equities and commodities subject under research, and not to recommend a buy/sell/hold for any security or any other assets. Based on that, this report does not take into consideration the specific financial position of every investor and/or his/her risk appetite in relation to investing in the security or any other assets, and hence, no information in this analysis should be considered as being business, financial and legal advice.
2 Tadawul; Weekly Index: Expected end of profit taking at 7080 points level, and start completing the upward trend towards levels of 7750 points. The index closed at points. General Trend/weekly: the Saudi market index is within the profit taking wave after bypassing the descending triangle (six months of horizontal movement in a narrow range), where the news of the inclusion of the Saudi market index in the watch list of emerging markets index (MSCI) last June, was the most important news in support of the breakthrough the horizontal pattern. Daily Movement There is a possibility that the positive oil price movement could form an important support for the index over the next period, amidst the growth in semi-annual profits of the Saudi market at the end of 2Q17. It is likely that, under the current technical indicators, the profit taking in the index will end at 7080 levels (61.8% of the last upward wave), including completion of the ascending movement again to the expected levels at 7750 points. Furthermore, the RSI index was able to exceed 50 levels with the break of the previous horizontal track, while the weekly moving averages are positively intertwined, which may contribute to increase purchasing pressure during the coming period. Estimations: The outlook remains positive over the medium term after bypass the previously mentioned horizontal path. With current profit taking likely to end around 7080 levels and return to complete the main upward trend towards the resistance levels for the next period at points, respectively. 2
3 Tadawul Index/Monthly: As we had previously expected, the index was able to close and hold above the monthly level 7075 points amid support for the positive overlap of monthly averages. The index closed at points for the previous month of July. General Trend/Monthly: the index still moving above 7075 points support level for the seventh month that represents (38.2% Fibonacci) from the last downtrend. During July, the index returned to testing break points and having a monthly close above the testing point. we now expect an end to the horizontal path and continue the uptrend. The index remains around a strong monthly support level for 10 SMA at 7080 points. The outlook on the medium term remains positive for future movement as the market was capable to hold its important monthly averages. We also expect the end of profit taking around current levels, which may contribute to higher liquidity levels with the uptrend. Positive crossings of averages The MACD indicator trends positively after crossing the indicator line, which may increase buying pressures to the Index after successfully testing the important monthly averages during last July. It is also possible that the positive interactions of the main monthly averages provide market momentum on the medium term, so that the interactions area becomes an important support level unlikely to break. Estimations: It is likely that the level of 7075 points continue as a main support level for a later uptrend, and we do not expect to see a monthly close below it. Holding above a monthly average of 7075 could provide basis for an uptrend wave targeting resistance levels between 7610 to 8150 points. 3
4 Brent: For the first time in three months, Brent is above its monthly price averages, supported by the improvements in the oil market fundamentals. Continued caution until the price exceeds US$52.90/bbl. weekly movement The index closed at US$ per barrel during July. Monthly movement Major support level USD Monthly movement: Brent Index rebounded above the simple moving average levels of 10 months at US$ / barrel, and was able to return above its (10,20) monthly averages for the first time in three months. Prices reacted positively to the news about slowdown in shale oil supplies and number of rigs, as well as the notable decline in the US oil inventory for the fifth consecutive week. We believe that starting the month of August above US$ is a positive catalyst, along with the current global growth in consumption. 20 SMA simple months average at US$ /bbl mark an important support level and we warn of any lower monthly close. The monthly indicator MACD positively moves beyond the signal line, the convergence of linear signal and MACD indicate faster positive movement and uptrend momentum. Weekly movement: The index is about to test the level of US$ 52.90/bbl, which marks the upper limits of a broadening pattern as indicated in the weekly chart. Short-term outlook for Oil price movement is more positive, but we need a brake above for higher prices. Estimations: The outlook remains cautious until price hovers above $52.90, along with a higher weekly close. After which, we expect testing the main resistance levels at $ $ Meanwhile, the support levels continue at US$ US$ consecutively. 4
5 Gold / Weekly: To exit the horizontal movement and successfully bypass the current technical pattern (Head and Shoulders), it must exceed US$ weekly movement Neckline Braking zone The index closed at US$ per ounce. Weekly movement: the Gold price index is in a third attempts to override the current technical pattern (Inverse Head and Shoulders) at US$ 1270/Ounce, where It continued moving higher after the decline of the US$ exchange rate. The US$ future movement will be an important factor in determining the possibility for Gold price to exceed US$ The weekly RSI indicator returned to penetrate above the 50 level, thus raising expectations of a bullish trend on the shortterm. We expect that pressured US exchange rate and weak some economic data may be an indirect catalyst for the movement of gold. Monthly movement: the index rose again above the 20 and 10 month averages for the fifth month respectively. We also expect that a continued monthly movement above $1250 to add more support. Estimations: With the current technical data, continued profit taking and bearish trend towards support levels at US$1250 to test later the important weekly resistance levels at US$1270. We expect that breaking the mentioned level opens room for a strong upward movement targeting US$ 1470 by the end of
6 THE USD INDEX: Our expectations indicate a speculative rebound, targeting point, then continue the bearish trend. The USD index closed at points weekly movement: the dollar index continued to trend lower after breaking below its horizontal pattern (See chart), to record the lowest level in 11 months. The dollar index also moved below the important SMA weekly averages crossings, which adds some pressure on the movement of the US$ for the coming period. Our estimations indicate a possible end of the bearish wave at the current levels after forming a rebound candlestick, and expect shortly speculative rebound. Area break model Expected bounce back area The US$ index received strong support from raising the Federal Reserve interest rate last month (June 2017), however, the slowdown in inflation growth and some US economic data contributed to the pressure on the dollar for the previous period. We also note that the US Federal Reserve raised the interest rate by 0.25% in mid-june to reach 1.0% to 1.25%, while the IMF's medium-term outlook continues to put pressure on the dollar, supported by negative US policy implications. Weakness factors on the weekly RSI indicator are clear after trending below the 30 indication line; Moreover, negative weekly movement continues for MACD index. Estimations: Our estimates indicate a close end of the bearish trend on the short term and starting a speculative rebound on the short term targeting levels of point. While we expect the weekly close below 93.0 point to result in a bearish trend towards point. 6
7 Head of Research Talha Nazar Analyst Jassim Al-Jubran Analyst Muhanad Al-Odan Research Division Analyst Sultan Al Kadi, CAIA Analyst Waleed Al-Jubayr General Manager - Brokerage Division AGM-Head of international and institutional brokerage Mr.Ala a Al-Yousef LuayJawad Al-Motawa Brokerage And Investment Centers Division a.yousef@aljaziracapital.com.sa Regional Manager - West and South Regions Mansour Hamad Al-Shuaibi m.alshuaibi@aljaziracapital.com.sa lalmutawa@aljaziracapital.com.sa Sales And Investment Centers Central Region Manager Sultan Ibrahim AL-Mutawa s.almutawa@aljaziracapital.com.sa Area Manager Qassim & Eastern Province Abdullah Al-Rahit aalrahit@aljaziracapital.com.sa 7
8 Disclaimer The purpose of producing this report is to present a general view on the company/economic sector/economic subject under research, and not to recommend a buy/sell/hold for any security or any other assets. Based on that, this report does not take into consideration the specific financial position of every investor and/or his/her risk appetite in relation to investing in the security or any other assets, and hence, may not be suitable for all clients depending on their financial position and their ability and willingness to undertake risks. It is advised that every potential investor seek professional advice from several sources concerning investment decision and should study the impact of such decisions on his/her financial/legal/tax position and other concerns before getting into such investments or liquidate them partially or fully. The market of stocks, bonds, macroeconomic or microeconomic variables are of a volatile nature and could witness sudden changes without any prior warning, therefore, the investor in securities or other assets might face some unexpected risks and fluctuations. All the information, views and expectations and fair values or target prices contained in this report have been compiled or arrived at by AlJazira Capital from sources believed to be reliable, but AlJazira Capital has not independently verified the contents obtained from these sources and such information may be condensed or incomplete. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information and opinions contained in this report. Aljazira Capital shall not be liable for any loss as that may arise from the use of this report or its contents or otherwise arising in connection therewith. The past performance of any investment is not an indicator of future performance. Any financial projections, fair value estimates or price targets and statements regarding future prospects contained in this document may not be realized. The value of the security or any other assets or the return from them might increase or decrease. Any change in currency rates may have a positive or negative impact on the value/return on the stock or securities mentioned in the report. The investor might get an amount less than the amount invested in some cases. Some stocks or securities maybe, by nature, of low volume/trades or may become like that unexpectedly in special circumstances and this might increase the risk on the investor. Some fees might be levied on some investments in securities. This report has been written by professional employees in Aljazira Capital, and they undertake that neither them, nor their wives or children hold positions directly in any listed shares or securities contained in this report during the time of publication of this report, however, The authors and/or their wives/children of this document may own securities in funds open to the public that invest in the securities mentioned in this document as part of a diversified portfolio over which they have no discretion. This report has been produced independently and separately by the Research Division at Aljazira Capital and no party (in-house or outside) who might have interest whether direct or indirect have seen the contents of this report before its publishing, except for those whom corporate positions allow them to do so, and/or third-party persons/institutions who signed a non-disclosure agreement with Aljazira Capital. Funds managed by Aljazira Capital and its subsidiaries for third parties may own the securities that are the subject of this document. Aljazira Capital or its subsidiaries may own securities in one or more of the aforementioned companies, and/or indirectly through funds managed by third parties. The Investment Banking division of Aljazira Capital maybe in the process of soliciting or executing fee earning mandates for companies that is either the subject of this document or is mentioned in this document. One or more of Aljazira Capital board members or executive managers could be also a board member or member of the executive management at the company or companies mentioned in this report, or their associated companies. No part of this report may be reproduced whether inside or outside the Kingdom of Saudi Arabia without the written permission of Aljazira Capital. Persons who receive this report should make themselves aware, of and adhere to, any such restrictions. By accepting this report, the recipient agrees to be bound by the foregoing limitations. 8
MONTHLY TECHNICAL REPORT
The purpose of producing this report is to present a general view on the market, equities and commodities subject under research, and not to recommend a buy/sell/hold for any security or any other assets.
More informationMONTHLY TECHNICAL REPORT
The purpose of producing this report is to present a general view on the market, equities and commodities subject under research, and not to recommend a buy/sell/hold for any security or any other assets.
More information11 July 2018 Monthly Technical Report
July 11, 2018 Tadawul Index\Daily: The index continued its bullish trend towards the end of the (5) wave at 8550 points. From which, we expect the begging of profit taking towards 8130 levels. RSI Target
More informationCement Dispatches for June 2018
Cement dispatches: Cement dispatches for the month of June-218 stood at 2.9mn tons (Umm AlQura dispatches was not provided for June 218), compared to 2.1mn tons in June-217, depicting an increase of.29%yoy
More informationSaudi Insurance Sector- Quarterly
Saudi Insurance Sector- Quarterly Q2-2018 Head of Research Talha Nazar +966 11 2256250 t.nazar@aljaziracapital.com.sa Company Name The Company for Cooperative Insurance Cooperative Insurance Co. Cooperative
More information2,500 30% 25% 2,000 20% 1,500. In Bn SAR 1,000 16% 15% 0.2% - 15%
Saudi ing Sector Quarterly Report In, the Saudi banking sector s balance sheet grew.8% YoY and 2.2% QoQ to SAR 2,312bn. Total loans accounted for 75.9% of total assets, whereas deposits formed 69.8% of
More informationIFRS-11 replaces IAS-31 July 2013
IFRS-11 replaces IAS-31 This report is mainly focusing on the change in the accounting policy for the treatment of joint arrangements (JA). Since the regional and local companies have several joint arrangements
More informationSaudi Insurance Sector- Quarterly
Sector report KSA 2 Quarter ust Saudi Insurance Sector- Quarterly Q2- ust Sector report KSA 2 Quarter ust Company Name The Company for Cooperative Insurance Cooperative Insurance Co. Cooperative Assurance
More informationSaudi Insurance Sector- Quarterly
Saudi Insurance Sector- Quarterly Q3-217 Company Name The Company for Cooperative Insurance Cooperative Insurance Co. Cooperative Assurance Co. Al-Rajhi Company for Cooperative Insurance for Cooperative
More informationKSA Debt Financing Outlook. Summary
May 218 Summary The total Saudi gross public debt stood at SAR 443.3bn by the end of 217, and has been raised to SAR 483.7bn during 1Q218. Accordingly, total public debt is expected to rise to at least
More informationSaudi Banking Sector. Saudi Banking Sector 3Q2017. Saudi banking Sector Balance Sheet Growth. Saudi Banking Sector Balance Sheet Growth 3Q-2017
Saudi ing Sector Saudi Arabia Quarterly Report Q3217 Saudi ing Sector 3Q217 In 3Q217, the balance sheet of Saudi Arabia s banking sector increased 1. YoY and decreased.4% QoQ to SAR 2,283bn. Total loans
More informationMonthly Report January 2018
TASI ended the month at 7,226.32 points, a 3.2% increase MoM compared to November 2017.Total value traded stood at SAR 87.41bn. Basic Materials and Real Estate Mgmt & Dev t sectors accounted for 51.4%
More informationSaudi Banking Sector. Saudi Banking Sector 4Q2017. Saudi banking Sector Balance Sheet Growth. Saudi Banking Sector Balance Sheet Growth 4Q-2017
Saudi ing Sector Saudi ing Sector 4Q217 In 4Q217, the Saudi banking sector s balance sheet grew 2.2% YoY and 1. QoQ to SAR 2,36bn. Total loans accounted for 73. of total assets, whereas deposits formed
More informationAramex Company. Results Update 3rd Quarter Results Update 2nd Quarter 2012 NOVEMBER Research Division Company Reports
NOVEMBER Aramex Company Results Update 3rd Quarter Results Update 2nd Quarter Research Division Company Reports All rights reserved, AlJAZIRA CAPITAL Please read Disclaimer on the back RESEARCH DIVISION
More informationYanbu National Petrochemical Co (YANSAB)
Higher than expected rebound of the products prices to support our positive outlook for H2-2015. Yanbu petrochemical log lower-than-expected Q1 profits: Yanbu National Petrochemical Company posted net
More informationAl-Rajhi Company for Cooperative Insurance
1 Rajhi Takaful: Growth in GWP, improving market share, however positives priced in, we initiate with a Neutral recommendation Alrajhi Takaful Al Rajhi Company for Co-operative Takaful Insurance was established
More informationMonthly Report February 2018
TASI ended the month at 7650.12 points, a 5.9% increase MoM compared to December 2017.Total value traded stood at SAR 81.97bn. Basic Materials and Real Estate sectors accounted for 52.7% of the total value
More informationMonthly Report March 2018
TASI ended the month on 7418.80 points, a 3.0% MoM decline. Total value traded stood at SAR 67.75bn. Basic Materials and Banking sectors accounted for 51.75% of the total value traded. Food & Staples and
More informationEtihad Etisalat Company (MOBILY) Flash Note. Quarterly results. Research Division Company Reports OCTOBER 2012
OCTOBER 2012 Etihad Etisalat Company (MOBILY) Flash Note. Quarterly results Research Division Company Reports Please read Disclaimer on the back All rights reserved, AlJAZIRA CAPITAL RESEARCH DIVISION
More informationNational Industrialization Company (Tasnee) Flash Note. Quarterly results. Research Division Company Reports OCTOBER 2012
OCTOBER 2012 National Industrialization Company (Tasnee) Flash Note. Quarterly results Research Division Company Reports Please read Disclaimer on the back All rights reserved, AlJAZIRA CAPITAL RESEARCH
More informationBank Al-Bilad. Summary. Investment Note May Underweight. Recommendation
Summary Weak market share in deposits, along with low ADR 1 hindering growth. A well diversified loan book, decreases concentration risk. Almost 50:50 contribution from core and other income sources. NIMs
More informationInsurance. Banks. Healthcare. Food & Beverages. Diversified Financials. Pharma & Bio Tech. Telecommunication Services. Capital Goods.
TASI ended the month at 7,907.01 points, a 1.2%M/M decrease. Total value traded stood at SAR 95.7bn. Basic Materials and Banks sectors accounted for 67.4% of the total value traded. Capital Goods and Retailing
More informationSaudi Insurance Sector- Quarterly
Saudi Insurance Sector Quarterly Q32018 Head of Research Talha Nazar +966 11 2256250 t.nazar@aljaziracapital.com.sa Company Name The Company for Cooperative Insurance Cooperative Insurance Co. Cooperative
More informationHealthcare Sector Report
We maintain our positive LT outlook on the Healthcare sector. The sector is expected to continue trading at a premium to the market (at a TTM PE of 25.1x vs 16.2x), justified by higher expected growth.
More informationYamama Saudi Cement Company. Results Update 4 th Quarter 2011 MARCH Research Division Company Reports
Yamama Saudi Cement Company Results Update 4 th Quarter 2011 Research Division Company Reports Please read Disclaimer on the back All rights reserved, AlJAZIRA CAPITAL RESEARCH DIVISION Head of Research
More informationEtihad Etisalat Co. (Mobily)
1 Financial statement revised, Weak top line, Debt and Zain issue unresolved, we reiterate our Underweight recommendation. 2Q-2015 result continues the Mobily saga: Mobily announced its 2Q-2015 result.
More informationShare Buybacks. Impact on Tadawul (Saudi Stock Exchange) AlJazira Research
Impact on Tadawul (Saudi Stock Exchange) AlJazira Research Ajc_research@Aljaziracapital.com.sa +966 11 2256250 Table of Contents Section Contents Page 1 An introduction to the history and Saudi regulation
More informationNational Shipping Company of Saudi Arabia
We initiate coverage on Bahri with Overweight recommendation. We believe that the expected expansions and increase in demand of VLCCs are partially priced in. Although marine shipping industry demand is
More informationChanging Sector Dynamics, Identify the Big Players
Changing Sector Dynamics, Identify the Big Players Slowdown in business volumes; a challenging macro environment keep outlook muted: In 3Q17, gross written premium (GWP) in the Saudi insurance sector increased
More informationFawaz Abdulaziz al Hokair & Co. Results Update 1st Quarter 2012/13 SEPTEMBER Research Division Company Reports
Fawaz Abdulaziz al Hokair & Co. Results Update 1st Quarter /13 Research Division Company Reports Please read Disclaimer on the back All rights reserved, AlJAZIRA CAPITAL RESEARCH DIVISION AGM - Head of
More informationQassim Cement Company. Results Update 4 th Quarter 2011 MARCH Research Division Company Reports
Qassim Cement Company Results Update 4 th Quarter 2011 Research Division Company Reports Please read Disclaimer on the back All rights reserved, AlJAZIRA CAPITAL RESEARCH DIVISION Head of Research Abdullah
More informationAl-Inma Bank. Summary. Investment Update May Key Financials. Key Ratios. Neutral. Recommendation
Summary The fastest growing Sharia compliant bank in the kingdom. The deposit book has been growing at a steady pace, improving the banks market share. High ADR 1,along with deposit growth has resulted
More informationDar Al-Arkan Company 1Q 2011 Results Update. Research Division Company Reports May Please read Disclaimer on the back
Dar Al-Arkan Company 1Q 2011 Results Update Research Division Company Reports May 2011 Please read Disclaimer on the back Page 1 of 34 All rights reserved, AlJAZIRA March CAPITAL 2010 Research Division
More informationJarir Overweight 11.90% % 13.9x 13.8x. Fawaz Al Hokair 56.7 Overweight 49.90% % 13.2x 11.9x
Decelerating growth in consumer spending. Gradually lifting energy subsidies and inflationary pressures to alter consumer spending patterns. VAT and a growing Saudization program are estimated to pressure
More informationSaudi Economic Outlook 2018
Executive Summary For the Kingdom of Saudi Arabia (KSA), 2017 proved to be an eventful year, as the plan for the way forward was formulated. It is projected that 2018 would mark the start of the execution
More informationMay % % % % % 0.0 Yanbu 12.0%
May 214 Clinker import in Saudi cement sector overview: The Saudi cement industry has witnessed a steady growth in consumption over the last few years. The robust growth has been propelled by a rise in
More informationOil & Petrochemicals Monthly
Executive summary ϢϢ Petchem price movement: Petchem prices continued their uptrend in August amid an increase in feedstock prices. Of the 25 Petchem products and feedstock covered in the report, the prices
More informationAl Jouf Cement Co. November 2015
1 Al Jouf cement: High volumes to fuel growth in 2016; however, debt repayment and higher depreciation charge do not tell a dividend story in 2015/16. Overweight recommendation with TP of SAR13.60/share.
More informationThe sector capital adequacy (CAR) ratio is above 17.5%(average), which is above the 8% required by SAMA.
Saudi Arabia by far is the largest economy in the MENA region, housing some of the largest banks in the region. Due to the strength of the local economy, the sector usually trades at a higher multiple
More informationPetrochemicals Monthly
1 Petrochemical prices continue to rise Propane and butane prices remain stagnant: Propane and butane prices remained steady at USD 590 per ton and USD 570 per ton, respectively, in January. The PP-propane
More informationTechnical Analysis Workshop Series. Session Three
Technical Analysis Workshop Series Session Three DISCLOSURES & DISCLAIMERS This research material has been prepared by NUS Invest. NUS Invest specifically prohibits the redistribution of this material
More informationOil & Petrochemicals Monthly
1 Petrochemical prices continue the uptrend in June with considerable increase on YTD basis Propane and butane prices rise: Propane prices rose to USD 555 per ton and butane prices to USD 570 per ton in
More informationCompany Initiation Report Please read Disclaimer on the back. Company Snapshot (in SAR,000) e 2014e 2015e 2016e
Company Initiation Report Yanbu Cement Company (YCC) Largest Cement Producer in Wetern Region: Yanbu Cement company with a capacity of 7mtpa, as compared to 4mtpa of its closest competitor Arabian cement,
More informationA strategic overview. Executive summary. KSA petrochemical Thematic report. The following are the key outputs of our strategic analysis; May 2014
Executive summary Petrochemical sector is still among the few options the local and regional governments have to reduce their economic dependence on the exports of crude oil. It is worthy to mention that
More informationOil & Petrochemicals Monthly
1 Downward pressure on Polymers prices, while Aramco raised feedstock prices, likely to pressurize Q3-2018 margins. Propane prices fall, butane prices rise: Propane prices fell to USD 555 per ton, and
More informationOil & Petrochemicals Monthly
1 Petrochemical prices increase Propane and butane prices rose to 5-months high in June: In early June, Propane prices rose 12.0% MoM to a 5-month high of USD 560 per ton, while butane prices increased
More informationOil & Petrochemicals Monthly
Executive summary ϢϢ Petchem price movement: The drops in most petrochemical prices continued in October. While Aramco reducing feedstock prices in November amid a noticeable decline in oil prices. Of
More informationOil & Petrochemicals Monthly
Executive summary ϢϢ Petchem price movement: Petrochemical prices continued its considerable decline in November. Aramco further reduced feedstock prices in December amid falling oil prices. Of the 21
More informationOil &Petrochemicals Monthly
1 Petrochemical prices stabilizing Propane and butane prices jump: Propane prices rose 19.8% MoM to a 35-month high of USD 575 per ton in October, while butane prices increased 16.0% MoM to a seven-month
More informationForex Sentiment Report Q2 FORECAST WEAK AS LONG AS BELOW April
Forex Sentiment Report 08 April 2015 www.ads-securities.com Q2 FORECAST WEAK AS LONG AS BELOW 1.1200 Targets on a break of 1.1534/35: 1.1740/50 1.1870/75 1.2230/35 Targets on a break of 1.0580/70: 1.0160
More informationAl Hammadi Company for Development and Investment
Hammadi; We initiate with an Overweight recommendation, driven by expansion plans and an underpenetrated sector Hammadi Hospital, thirty years of healthcare experience: Al-Hammadi hospital- Olaya was established
More informationOil &Petrochemicals Monthly
1 Petrochemical prices edge up in July Saudi Aramco cuts propane and butane prices: Propane prices declined 10.4% MoM to USD 345 per ton in July, while butane prices dropped 6.4% MoM to USD 365 per ton.
More informationAl-Hokair Group. Key information. January Initiation KSA Hotel & Tourism Sector
Hospitality and entertainment business the key The Company s main revenue generators are its hospitality and entertainment businesses which contribute almost 95% of total revenues. The company has a total
More informationContents. Related Links. QNBFS Home Page QNBFS Trading Portal QNBFS Research Page
QNBFS Technical Technical Spotlight Spotlight Sunday, Sunday, September January 14, 16, 2018 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market...
More informationREUTERS TECHNICAL ANALYSIS Q1 OUTLOOK WANG TAO
An employee works in a ferronickel smelter owned by state miner Aneka Tambang Tbk at Pomala district in Indonesia's southeast Sulawesi province March 30, 2011. The country accounts for roughly 7 percent
More informationAgriculture & Food Industries
Agriculture & Food Industries Agriculture & Food Industries Outlook 2016: Food consumption in the Kingdom is expected to remain buoyant and reach USD 66bn in 2016. Retail sale of packaged food in Saudi
More informationSaudi Ceramic Company
Saudi Ceramics (2040) Saudi Ceramics leading producer of Ceramic and porcelain tiles Saudi Ceramic Company is the leading manufacturer of ceramic tiles in Saudi Arabia. The company tiles product portfolio
More informationINTERMEDIATE EDUCATION GUIDE
INTERMEDIATE EDUCATION GUIDE CONTENTS Key Chart Patterns That Every Trader Needs To Know Continution Patterns Reversal Patterns Statistical Indicators Support And Resistance Fibonacci Retracement Moving
More informationSaudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions... 6 Contacts... 7.
QNBFS Technical Technical Spotlight Spotlight Monday, Sunday, February January 14, 05, 2018 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market...
More informationSaudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions... 6 Contacts... 7.
QNBFS Technical Technical Spotlight Spotlight Thursday, Sunday, January January 14, 10, 2018 2019 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market...
More informationSaudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions... 6 Contacts... 7.
QNBFS Technical Technical Spotlight Spotlight Sunday, Monday, January April 16, 14, 2018 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5
More informationContents. Related Links. QNBFS Home Page QNBFS Trading Portal QNBFS Research Page
QNBFS Technical Technical Spotlight Spotlight Wednesday, Sunday, January July 14, 04, 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions...
More informationSaudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions... 6 Contacts... 7.
QNBFS Technical Technical Spotlight Spotlight Sunday, Monday, January March 05, 14, 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions...
More informationOil &Petrochemicals Monthly
1 Demand pressure impacts Petchem prices Naphtha prices rise in tandem with crude prices: A gain in oil prices led to a 2.5% MoM increase in naphtha prices to USD 415 per ton. Naphtha prices rose in tandem
More informationMarket Commentary. Weekly Technical Roundup
Market Commentary Sector Wise Performance Indices Last Traded % Change NIFTY IT 15811.4 1.81 NIFTY BANK 28061.75-0.15 NIFTY REALTY 275.85-0.07 NIFTY INFRA 3289.25 1.14 INDIA VIX 12.5975 1.49 NIFTY ENERGY
More informationSaudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions... 6 Contacts... 7.
QNBFS Technical Technical Spotlight Spotlight Sunday, February January 14, 11, 2018 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions...
More informationREUTERS TECHNICAL ANALYSIS Q2 OUTLOOK WANG TAO
The Irving Oil refinery is photographed at sunset on in Saint John, New Brunswick, March 9, 2014. REUTERS/Devaan Ingraham REUTERS TECHNICAL ANALYSIS Q2 OUTLOOK 2014 - WANG TAO It will be a bearish quarter
More informationSaudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5 Definitions... 6 Contacts... 7.
QNBFS Technical Technical Spotlight Spotlight Sunday, Thursday, January May 31, 14, 2018 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market... 5
More informationEmaar Economic City September 2013
: or King Abdullah Economic City (KAEC) is one of the largest real estate development projects in Saudi Arabia. The city is located just 80km north of Jeddah and around 300Km from Medina. Covering an estimated
More informationOil edges up for the 3 rd consecutive day amidst supply cuts. Market Overview. Key Market Commentaries. Daily Market Assessment
Energy Daily Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) Friday, 15 February 2019 Energy Benchmark Product Crude Oil Prices Opening Price % Change from previous day OP ICE BRENT
More informationContents. Related Links. QNBFS Home Page QNBFS Trading Portal QNBFS Research Page
QNBFS Technical Technical Spotlight Spotlight Wednesday, Sunday, January October 14, 31, 2018 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market...
More informationIntroduction. Technicians (also known as quantitative analysts or chartists) usually look at price, volume and psychological indicators over time.
Technical Analysis Introduction Technical Analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends. Technicians (also known as quantitative
More informationMarket Overview. Key Market Commentaries. Weekly Market Assessment. This Week s Outlook: Mildly Bullish (WTI: ) Mid-Term Market Assessment
Energy Daily Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) Monday, 25 February 2019 54. Energy Benchmark Product Crude Oil Prices Opening Price % Change from previous day OP ICE
More informationSahara Petrochemical Company
Getting ready to embark on a growth trajectory A holding company - (Sahara), at present, holds 75.0% ownership stakes in Al Waha Petrochemical Company (Al Waha); sole source of topline revenues. The affiliate
More informationIntroduction. Technical analysis is the attempt to forecast stock prices on the basis of market-derived data.
Technical Analysis Introduction Technical analysis is the attempt to forecast stock prices on the basis of market-derived data. Technicians (also known as quantitative analysts or chartists) usually look
More informationContents. Related Links. QNBFS Home Page QNBFS Trading Portal QNBFS Research Page
QNBFS Technical Technical Spotlight Spotlight Wednesday, Sunday, January September 14, 2018 05, 2018 Contents Saudi Market (TADAWUL)... 2 Boursa Kuwait... 3 Abu Dhabi Exchange... 4 Dubai Financial Market...
More informationDAILY TECHNICAL REPORT
RESEARCH TEAM DAILY TECHNICAL REPORT DISCLAIMER & DISCLOSURES Please read the disclaimer and the disclosures which can be found at the end of this report EUR / USD Bouncing further. EUR/USD has broken
More information21 st Aug Gold Silver Copper Zinc Lead Aluminium Nickel Crude Oil Natural Gas. Bullion. Base Metal. Energy. Turmeric. Agro.
21 st Aug 2018 Bullion Base Metal Energy Agro Gold Silver Copper Zinc Lead Aluminium Nickel Crude Oil Natural Gas Turmeric Refined Soya Gold prices rose on Monday after touching a 19-month low last week
More informationBy Tri, Senior Analyst
1/1/2014 Trend Following By Tri, Senior Analyst NUS Students Investment Society NATIONAL UNIVERSITY OF SINGAPORE Introduction Trend following was introduced by Richard Dennis when he taught trading strategies
More informationKSA Cement Sector. Domestic clinker sales aiding numbers. Cement Monthly. Oct-08. Aug-08. Sep-08. Dec-08. Jan-09. Nov-08. Feb-09
JUNE 21 KSA Sector Domestic clinker sales aiding numbers Sales of cement in KSA remained weak, up only 11.8% YoY, the second lowest growth figure in 16 months. However, due to increased sales of clinker
More informationBottom Line: Nifty managed to protect the lows of 8688 so far and showed some pullback. Short term trend can be sideways to positive.
September 29,2016 Bottom Line: Nifty managed to protect the lows of 8688 so far and showed some pullback. Short term trend can be sideways to positive. Nifty daily chart: NIFTY - Daily 28-09-2016 Open
More informationAaj Ka Trend. Bullions. MCX Gold (Dec) Daily Chart CMP: MCX Gold (Dec) Trend: Bullish. Price potential: Reversal: 29100
Bullions MCX Gold (Dec) Daily Chart CMP: 29318 On the 4 hourly chart, MCX Gold has formed morning star candlestick patterns and bounced back from lower levels. Moreover. COMEX Gold has found a support
More informationFED UP WITH LOW INTEREST RATES?
FED UP WITH LOW INTEREST RATES? Will the US Federal Reserve hike interest rates in 2015, and what effect would this have on the fledgling US economic recovery and the financial markets? Authors: Kathleen
More informationLara s Weekly. S&P500 + GOLD + USOIL Elliott Wave & Technical Analysis. Lara Iriarte CMT 23 February, 2018
Lara s Weekly S&P500 + GOLD + USOIL Elliott Wave & Technical Analysis Lara Iriarte CMT 23 February, 2018 S&P 500 Contents S&P 500 GOLD USOIL About Disclaimer 3 18 36 48 48 S&P 500 S&P 500 Upwards movement
More informationMarket Overview. Key Market Commentaries. Daily Market Assessment. Today s Outlook: Mildly Bullish (WTI: ) Mid-Term Market Assessment
Energy Daily Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) Friday, 22 February 2019 54. Energy Benchmark Product Crude Oil Prices Opening Price % Change from previous day OP ICE
More informationDEALMONEY MARKET BUZZ
DEALMONEY MARKET BUZZ 20 th August 25 th August Index Equity Commodity Currency Equities Commodities Wealth Mutual Funds Insurance 1 Weekly Performance: Equity S.No Equity View Entry Target SL Outcome
More informationSXXP and SX5E nearing their downtrends. Gold remains a short in line with the trend. Dollar index at key support. EURUSD bearish candle
Andy Dodd MSTA - +44 020 7031 4651 adodd@louiscapital.com Twitter : @louiscaptech SXXP and SX5E nearing their downtrends. Gold remains a short in line with the trend Dollar index at key support EURUSD
More informationDAILY TECHNICAL REPORT
RESEARCH TEAM DAILY TECHNICAL REPORT DISCLAIMER & DISCLOSURES Please read the disclaimer and the disclosures which can be found at the end of this report EUR / USD Continued selling pressures. EUR/USD
More informationIMV Commodity: Agro Technical Update
IMV Commodity: Agro Technical Update From Research Desk In July future: Soya bean Rmseed Castor seed Guar seed Jeera Dhaniya Turmeric (Follow-up update) Cotton Seed Oil Cotton IMV Commodity Research Desk
More informationDAILY TECHNICAL REPORT
RESEARCH TEAM DAILY TECHNICAL REPORT DISCLAIMER & DISCLOSURES Please read the disclaimer and the disclosures which can be found at the end of this report EUR / USD Declining sharply. EUR/USD has broken
More information15 th March Gold Silver Copper Zinc Lead Aluminium Nickel Crude Oil Natural Gas Guar seed Castor seed. Bullion. Base Metal. Energy.
15 th March 2018 Bullion Base Metal Energy Agro Gold Silver Copper Zinc Lead Aluminium Nickel Crude Oil Natural Gas Guar seed Castor seed On the daily chart MCX Gold price has given rising wedge breakdown
More informationCommodities Corner. REP Synopsis Gold (Play the Range)
REP-039 www.jamapunji.pk Gold prices set to post fourth consecutive weekly gains GOLD: Gold prices fell initially in the previous session, making a low of US$1,307/oz after traders booked profit as the
More informationTechnical Analysis. A Language of the Market
Technical Analysis A Language of the Market Acknowledgement: Most of the slides were originally from CFA Institute and I adapted them for QF206 https://www.cfainstitute.org/learning/products/publications/inv/documents/forms/allitems.aspx
More informationAirarabia. Air Arabia: Gaining Altitude. Initiating Coverage. Key information. Company Snapshot. June Please read Disclaimer on the back
Air Arabia: Gaining Altitude Airarabia the first low cost carrier: Airarabia has the distinction of being the first low cost carrier of the MENA region. The company currently caters to 85 destination across
More informationMarket Commentary. Weekly Technical Roundup. Oct 8, 2018
Market Commentary Sector Wise Performance Indices Last Traded % Change NIFTY IT 15591.65-2.99 NIFTY BANK 24443.45-10.01 NIFTY REALTY 208.8-21.55 NIFTY INFRA 2845.4-12.30 INDIA VIX 19.7325 42.55 NIFTY ENERGY
More informationBad Breadth. Market Update August 17, Seattle Technical Advisors
SeattleTA provides investment managers with This week is options expiration week and mid-august is often better for equities than earlier or later in the month. Stock Traders Almanac reports that for the
More informationMorning Trading Comments
Monday, June 18, 2018 1 Morning Trading Comments SUMMARY OF TRADING VIEWS Technical breakdowns seen on a lot of commodities at the end of last week, combined with further weakness in emerging markets,
More informationContents: Top 40 Chart ; Currency ; Charts of Interest ; Scatter Graph ; Relative Rotation Graph ; Stats. Top 40 Chart
Contents: Top 40 Chart ; Currency ; Charts of Interest ; Scatter Graph ; Relative Rotation Graph ; Stats Top 40 Chart 1 Last week we saw the Top 40 approaching some moving average resistances, we have
More informationMorning Trading Comments
Wednesday, June 13, 2018 1 Morning Trading Comments SUMMARY OF TRADING VIEWS The S&P 500 index is now close to the 2800 area, a potential important resistance zone. It will be interesting to see how this
More informationTHE FOREX TRADING GUIDE TECHNICAL ANALYSIS CHART PATTERNS
1 Copyright 2016 TradingSpine All rights reserved by TradingSpine. No parts of this work may be reproduced in any form or by any means - graphic, electronic, or mechanical, including photocopying, recording,
More information