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CFD ANALYST PICKS

TECHNICAL STRATEGIST
JOEL KRUGER
My pick: Sell gold at $1,115

Expertise: Technical analysis

Average time frame of trades: 5-10 days

Our short gold trade from the previous week has been triggered and a new lower top now looks to be in place at $1,127. The market is adhering to the downtrend in gold that has been in place ever since December. Traders should now look for a drop towards our $1,030 objective over the coming days.

Strategy: go short at $1,115 for an objective of $1,030 and a stop placed at $1,165.

TECHNICAL STRATEGIST
JOHN KICKLIGHTER
My pick: Short crude oil at $80

Expertise: Fundamental and technical analysis with risk management

Average time frame of trades: 1 day–1 week

Though risk appetite is relatively stagnant, many of the risk-sensitive markets have nonetheless shown remarkable strength over recent days. This has led my silver to a loss and my gold and Nasdaq positions to hit their respective break-even levels on those remaining positions. However, I believe this drift is destined to falter, and I will position for a turn.

Strategy: short oil at $80 with a $84 stop and $70 initial target.

TECHNICAL ANALYST
ILYA SPIVAK
My pick: Short FTSE 100 below 5,383.71

Expertise: Global macro, classic technical analysis

Average time frame of trades: 1 week-6 months

The UK benchmark index has retraced higher in February and is nearing critical resistance at 5,383.71, the 61.8 per cent Fibonacci retracement of the 11 Jan-8 Feb sell-off. This move is corrective and there should be a return to risk aversion in the coming days. I am looking for a bearish reversal candlestick formation below the resistance to go short, targeting a return to the previous bottom of 5,033.78.

Strategy: go short FTSE if it fails at 5,383.71, targeting 5,033.78.