The Oslo Stock Exchange Benchmark Index is facing an interesting time ahead. Currently the technical focus is the downtrend of the RSI and resistance levels at the 50% fibonacci level around 356 points and the 45 daily moving average at 368. For support we have the 255 daily moving average around 340. All in all
We’re preparing for earnings from Goldman Sachs coming out before US open Tuesday. In this regard the WSJ quotes Meridith Whitney: Whitney predicted Goldman Sachs would post second-quarter results Tuesday above Street estimates – she expects earnings of $4.65 a share, compared with the average analyst estimate of $3.48, according to a survey of analysts
OSEBX closed at 261.59* this friday. At these levels we consider the risk reward of long position to be profitable and increase weights in equities on the oslo stock exchange again. (click image for full size) We expect institutional investors to start joining from the sidelines and form an upward pressure. The main concern is
FX Trades from twitter Full twitter feed