Oil has hit a 15-month high on the back of optimism over the Opec deal which needs to be sorted out by November 30. But, with a record long position building across the combined benchmarks, a disappointment could leave some exposed. Full report to come within the hour....
Squawk / 11 July 2016 at 13:56 GMT
Technical Analyst / FuturesTechs
United Kingdom
Gold looks interesting as a long. We have a setup, and just waiting for the trigger: Medium and short term trend is higher. Lows either side of Friday's numbers were 1352, and we've just been there again and found buyers. Today so far has been a counter-trend channel if you look at a 30 minute chart. Top line of this channel is at 1359.4 right now so if this breaks soon we could/should get a reaction higher. Targets are a fresh test of Friday's late high at 1375, then 1381 and 1392. Beyond that 1434 is the next big target.
11 July
Raj-900 Raj-900
Hi Clive,
what is the stop loss for this trade?
12 July
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
I would put a stop below 1350, looking for 1352 to keep holding.
12 July
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
Breaking 1350.. Not good. Watching 1336 as next key support, then 1330.


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail