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Commodity Market: Pivot Levels for Monday (May 15th 2017)

May 15, 2017 5:53 am
Silver (SI) for July delivery (1 Troy Ounce) R1 – $16.418 R2 – $16.434 R3 (Range Resistance – Sell) – $16.450 R4 (Long Breakout) – $16.498 R5 (Breakout Target 1) – $16.554 R6 (Breakout Target 2) – $16.578 S1 – $16.386 S2 – $16.370 S3 (Range Support – Buy) – $16.354 S4 (Short Breakout) – […] Read more

Caterpillar shares gain for a second straight session on Thursday, company upgraded by BofA/Merrill Lynch on strong sales, earnings expectations

May 12, 2017 7:29 am
On May 11th Bank of America Merrill Lynch upgraded Caterpillar from ”Neutral” to ”Buy”, citing continuing acceleration in monthly retail sales, stronger earnings expectations as well as an increase in dividend this year. Caterpillar shares closed higher for a second consecutive trading session on Thursday. The stock went up 0.63% ($0.63) to $100.99, after touching […] Read more

Major Currency Pairs: Pivot Levels for Friday (May 12th 2017)

May 12, 2017 5:59 am
USD/CHF R1 – 1.0081 R2 – 1.0085 R3 (Range Resistance – Sell) – 1.0090 R4 (Long Breakout) – 1.0102 R5 (Breakout Target 1) – 1.0117 R6 (Breakout Target 2) – 1.0123 S1 – 1.0073 S2 – 1.0069 S3 (Range Support – Buy) – 1.0064 S4 (Short Breakout) – 1.0052 S5 (Breakout Target 1) – 1.0037 […] Read more

Time Inc’s shares fall the most in two weeks on Wednesday, magazine publisher cuts dividend as quarterly sales shrink

May 11, 2017 7:32 am
On May 10th Time Inc cut its dividend, as the company continued with a recently announced strategic plan involving reductions in spending and a focus on digital business, which followed the publisher’s decision not to sell itself. Time Incs shares registered their largest daily loss since April 28th during Wednesdays trading session. The stock went […] Read more

Commodity Market: Pivot Levels for Thursday (May 11th 2017)

May 11, 2017 6:15 am
Silver (SI) for July delivery (1 Troy Ounce) R1 – $16.225 R2 – $16.244 R3 (Range Resistance – Sell) – $16.262 R4 (Long Breakout) – $16.317 R5 (Breakout Target 1) – $16.381 R6 (Breakout Target 2) – $16.408 S1 – $16.189 S2 – $16.170 S3 (Range Support – Buy) – $16.152 S4 (Short Breakout) – […] Read more