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Thursday 12th of March Market Report

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Thursday 12th of March 2015 as of 10:00 CET

The stronger US dollar is likely to have a major effect on the net earnings of the US companies in Q1 and Q2, which could be an issues for the S&P500 in the near to medium term. On the other side the European stocks is looking better and better with the falling Euro and increase QE from the ECB.

Crude oil is below the 49 dollar per barrel this morning and the rally above 52 level last week was short lived. We have resistance up at the 52.50 level followed by key resistance at 55. The 55 level is the key pivot levels for the bulls that have to be taken out, to open for a major move higher.  The strengthening US dollar is also an issue for higher oil prices, because when you look at the relative price of Oil in other currencies it is going up.

From Tuesday, “S&P 500 futures failed at 2117 last week and the daily close below 2085 Friday opens for a larger move lower and next objective is 2036.” It hit 2038 low yesterday. Key Rising support around 2030 for today.

Euro is looking weak below the 1,07 level and the next major downside target is the 1.00 level.

Silver looks like an interesting long towards 15 level for a potential rebound towards 18,50 level.

Gold is weak below 1230 USD. Big support is 1080 level.

Asian markets closed higher with Hong Kong Hang Seng Index up 0,34%, Australia’s S&P/ASX 200 up 0,98% and Nikkei 225 down +1.43%.

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Risk Warning:  

Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by KBR Capital Partners AS with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading, including the risk of loss greater than the original investment. Past performance is no guarantee of future results. Conditions can vary from client to client, and therefore influence performance. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice.