The Traderszone Network

OPEC Secretary General Mohammad Barkindo tells CNNMoney’s John Defterios how member countries reached an agreement on cutting oil production.

OPEC Secretary General Mohammad Barkindo tells CNNMoney’s John Defterios how member countries reached an agreement on cutting oil production.

Though some 10,000 new residential units in Downtown Brooklyn are expected to hit the market over the next few years, two major developers in the area aren’t worried about a supply glut. The borough’s rental market has been showing signs of softening: Median rents have been dropping and landlord concessions have been climbing.

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Though some 10,000 new residential units in Downtown Brooklyn are expected to hit the market over the next few years, two major developers in the area aren’t worried about a supply glut. The borough’s rental market has been showing signs of softening: Median rents have been dropping and landlord concessions have been climbing.

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Moves above averages
The USDJPY as extended to new session highs in the process is breaking above moving average resistance defined by the 100 bar moving average on the 4-hour chart and the 200 bar moving average of 4- hour chart (see blue and green lines in the chart below).  Those moving averages come in at 101.56 and 101.58 respectively. They are now support/a risk defining level for the longs – stay above and the buyers remain in control.   The next target on the 4-hour chart is topside trend line at the 102.00 level (see chart below).

Moves above averages
The USDJPY as extended to new session highs in the process is breaking above moving average resistance defined by the 100 bar moving average on the 4-hour chart and the 200 bar moving average of 4- hour chart (see blue and green lines in the chart below).  Those moving averages come in at 101.56 and 101.58 respectively. They are now support/a risk defining level for the longs – stay above and the buyers remain in control.   The next target on the 4-hour chart is topside trend line at the 102.00 level (see chart below).

Image source: Energy Recovery.

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