₦airaland Forum

SILVER (Spot) intraday: bullish bias above 26.9

Pivot: 26.90
Our Preference: LONG positions above 26.9 with targets @ 27.5 & 27.7.
Alternative scenario: The downside penetration of 26.9 will call for a slide towards 26.6 & 26.25.
Comment: the RSI is around its neutrality area at 50%.

GOLD (Spot) intraday: bullish bias above 1576

Pivot: 1576.00
Our Preference: LONG positions above 1576 with targets @ 1598 & 1604.
Alternative scenario: The downside penetration of 1576 will call for 1564 & 1557.
Comment: the immediate trend remains down but the momentum is weak.

USD/CHF intraday: the upside prevails.

Pivot: 0.97.
Our Preference: LONG positions above 0.974 with targets @ 0.98 & 0.9825.
Alternative scenario: The downside breakout of 0.974 will open the way to 0.971 & 0.968.
Comment: the pair has validated a bullish flag and should post further advance.

AUD/USD INTRADAY: KEY ST RESISTANCE AT 1.024.
Pivot: 1.024

Most Likely Scenario: Short positions below 1.024 with targets @ 1.015 & 1.0125 in extension.

Alternative scenario: Above 1.024 look for further upside with 1.028 & 1.0325 as targets.

Comment: As long as 1.024 is resistance, look for choppy price action with a bearish bias.

USD/JPY INTRADAY: UNDER PRESSURE.
Pivot: 79.80.

Most Likely Scenario: SHORT positions @ 79.75 with targets @ 79.4 & 79.2.

Alternative scenario: The upside breakout of 79.8 will open the way to 80.1 & 80.35.

Comment: The pair remains under pressure and is challenging its support.

GBP/USD INTRADAY: REBOUND.
Pivot: 1.5490.

Most Likely Scenario: LONG positions above 1.549 with 1.555 & 1.558 in sight.

Alternative scenario: The downside breakout of 1.549 will open the way to 1.545 & 1.5425.

Comment: The pair has broken above a declining trend line.

EUR/USD INTRADAY: THE DOWNSIDE PREVAILS.
Pivot: 1.2325.

Most Likely Scenario: SHORT positions @ 1.2315 with 1.225 & 1.221 as next targets.

Alternative scenario: The upside penetration of 1.2325 will call for a rebound towards 1.2365 & 1.24.

Comment: The pair has validated a bearish flag and should face further weakness.

Useless country.. make una wake me up when its 2015.

I keep hearing monitor monitor, how do you intend monitoring? like collecting the phone every night to check the contents or what? smart phones come with memory slot, the kids are likely going to save "illicit" stuffs on the memory card, pulls it off when they know you're going to check, then slot it back in when they are alone, so bone all this "monitor" bla bla ish.

tpee200: She is a quiet girl, easily provoked and when provoked she act violently sometimes. I am quiet also,shy, easily provoked but have self control. I intend to settle down with her but her actions makes me scared. I always wonder if we are going to make a good home and marriage. Please I need your advice from experience if we would be compactible as husband and wife. Also how can she put this under control?

You are about to establish a boxing ring called marriage soon, one of you must be ready to be the fall guy else it's going to be a marriage of boxing episode.

The sane and brilliant Nigerians already know this was a script to discredit the oil scam report and also to kill the "interest" of Nigerians in the report.

Nigerians, pls do not forget to pull your head out of the sands o when no one is watching..

Theyjih: i hope u don't mynd me uploadin it on Fx library on NL? D mod is also a member i blieve...so as to ease access 4 other interested members and guest?

You can.

Boring market.

Elueme: This article is embellished in hate and parochial sentiments... Obj did his part and he's off the scene... He laid a template for the country to run but unfortunately Yar Adua of blessed memory didn't quite follow Obasanjo's economic master plan wanted to carve his own niche against the promises he made during his campaign to follow suit in Obj economic transformation.. Yar Adua though a good man who met well for Nigeria( will not question his attention, tho some ll say it was because of the precarious situation he found himself) allowed hawks like Ibori and some northern elites to hijack his govt against OBasanjo's legacies and interest.. Looking at the economy obj inherited in 1999, when Nigeria was at a verge of being compared with Somalia, you ll agree that obj tried for the country in resharpening the economy, giving us a blueprint and the ball was set rolling. in terms of corruption he got the guts to make landmark prosecution though u may call it a selective justice but my question is we're those people guilty or not? GEJ didn't meet exactly the structure as left by obj which would have made his work quite easier because of the interregnum with Yardua but the agenda seem similar..Economic reengineering and the admin has not failed in this regard.. Just in a year so much are being achieved as some nairalanders have highlighted over and over again in this forum so I may not recap, but that is not to say that this govt doesn't have shortcomings ESP in the area of security ..a dimension taking us all aback though majority of Nigerians knw these are politically orchestrated and good will soon triumph over evil.. In the area of prosecuting indicted and culpable characters in the oil sector revolution good! But have we asked ourselves what brought about these probes? The president's determined stance to enthrone equitability and transparency and surely the issue will be logically concluded until then let us keep our peace and watch. How abt other reforms ongoing? The problem with us nigerians( I inclusive) is impatient, tho we have been patient in successive years of military misrule and over 10yrs of nascent democratic dispensation but I think the aura is becoming good... Y saboteurs are not relenting to destabilize and mislead many to lose faith in the system and govt.. Back to the journalist, I will suggest you become more objective and carry out proper research before pening however I am more curious because each time I read your article against govt, it is always retweeted or circulated by el Rufai, a chronic and unrepentant critic of this admin who can sell his soul in exchange for GEJ to fail... But power belongs to God not man

Economy plan like spending $16b on power without anything to show for it?

killing nitel and every other national properties?

myboo: Hi guys, I just met ds girl that am tripping for...we have been flowing ever since. Am wanting to settle down anytime soon and am just wondering whether it would work out cos she is strict catholic and am protestant. How can I be able to convince her to change her faith and will it work?

DO NOT SWITCH except you are not a "real" CHRIST-LIKE in the first place.

kulyie: Lol,am guilty of dat myself,am nt married though,i stay alone and cook 4 myself on a sunday afternoon in various pots and put it in d fridge dat will last me for 2 wks.i can buy like 2 kilo of turkey and eat like half of it @ d end of it all i pay 4 it because d meats actually finishes on tym b4 d stew or rice and so d means of checking myself while cooking is chewing gum and or eating buiscuits,d real reason y many women like me do dis is because most of d time women cook when they are hungry and so d temptation is high to eat what ure cooking,d aroma or smell of d food is also another strong motivator why some women eat almost all d meat when cooking.infact wen me and my girlfriend stayed together we usually contribute money to buy meat and we will cook and so when warming it every morning and evening,one meat always reduce n it caused a big fight among us before we agreed on cooking individually.so d best thing ill suggest is to cook when ure not hungry or buy buiscuits 4 her n put it in d shelf of d kitchen or jist with her in d kitchen while she's cooking and before u say jack robinson food will be ready without her takin anytin from d pot

You were the thief stealing the "one missing meat" all the time.

I cook too and i don't steal since it's mine. i don't even taste my food until i am ready to eat.

Too long.

Exponental: Un4-2nately most of d posts above are posible. Humans are unpredictable. Other than d covenant stuff, tithe n offering, borno n d 2face's bid...anything can happen. Trust urself alone....infact, sometimes dont trust urself!

LOL you mean police wearing white and white is possible? HEHEHEHE

And BUHARI joining PDP? i can bet with all my assets that it won't happen.

I cant even watch it.. we surely DO NOT LOVE EACHOTHER IN NIGERIA.

Columnist: Sonala Olumhense
Mr. Nasir El-Rufai, a former Minister of the Federal Capital Territory, is the author of a new work of fiction: that Mr. Goodluck Jonathan has tarnished the legacy of Oluegun Obasanjo.

On the contrary, Mallam Nasir: Mr. Jonathan has not tarnished Obasanjo’s legacy, for the simple reason that he is Obasanjo’s legacy.

For eight years, Obasanjo preached democracy to anyone and everyone. He was particularly garrulous when he was abroad. But if Obasanjo’s story was easy to sell, it was even easier to buy. The international press gushed about how his role in Africa was so significant, and how lucky Nigerians were that he survived Sani Abacha’s imprisonment to return to continue the work he gave up in 1979.

He spoke loudly about the virtues of democracy and how he would ensure they took a vigorous foothold in Nigeria; and how determined he was to ensure the country never again fell into the hands of shortsighted opportunists.

He preached repeatedly in Addis Ababa about what was good for Africa, and why the African Union should be strong and forthright and unrelenting.

Much of that was in the ‘Away’ game. At home, nothing was really happening, except that Obasanjo wanted to make sure he had a second term of office. He was aghast that in the Western part of the country, his own people had resoundly rejected him in 1999.

Not only did he want to make sure that did not happen again, he began to broadcast his ultimate objective: his Profoundly Decadent Party (PDP) staying in power for 60 or 100 years, depending on his mood and the occasion.

In 2003, he proved he was serious: through layers of manoeuvres and twists of manipulations, he undercut and outflanked the ruling Alliance for Democracy and left it tottering on the banks of the Atlantic, clinging to the Lagos lagoon with mud in its teeth. Obasanjo’s second term was on.

Nigerians will remember it as was a period in which each man and woman found a phone handset in their hands, although they may have had no water to drink; and in which Obasanjo made peace with the Paris Club to the personal benefit of a top official of his government who pocketed N60billion.

Still, his “war” on corruption was on, featuring a ramshackle army of new-fangled “anti-corruption” champions such as the Code of Conduct Bureau, the Independent Corrupt Practices And Other Related Offences Commission, and the Economic and Financial Crimes Commission (EFCC).

It was a carefully carefully-contrived and manipulated “war,” its success primarily in the media, its victims primarily Obasanjo’s enemies. Obasanjo’s anti-corruption war was so “successful” that, in a country so filthily-corrupt that pigs would not dig into its soil for food if they knew this was Nigeria, you could count on the fingers of one hand the number of significant Nigerians who were convicted by the agencies throughout Obasanjo’s tenure.

For an idea as to just how absurd the entire drama was, the gentleman who chaired the EFCC, Mr. Nuhu Ribadu, has since broadcast what we all know: that Obasanjo was more corrupt that Abacha. And yet, Obasanjo spent most of his time chasing Abacha’s loot all over the world.

Halfway through Obasanjo’ tenure, it was clear not only that Obasanjo was in the game only for himself, it was clear to Obasanjo that unless he begged, borrowed or stole some time from the immediate future, he would be badly exposed, even to Nigeria’s gullible and forgetful majority.

Panicking, he shot into tenure-extension mode, ready to spend anything and to do anything to remain in office. Mercifully, non-Obasanjo worshippers prevailed, and he was out of work.

But that is also the point in time where his treachery is easiest to identify.

As I said in this column last week—and to buttress the argument about Obasanjo’s true character—in June 2006, Obasanjo constituted a powerful Joint Task Force (JTF) to elevate the “war” on corruption. The JTF, which was chaired by Mr. Ribadu, indicted 15 serving and previous governors and recommended them for prosecution.

Among the indicted: the serving governor of Bayelsa State, one Mr. Goodluck Jonathan.

That report went to President Obasanjo, but what did he do with it? The “anti-corruption” put it under his mattress, and went on to nominate Mr. Jonathan for Vice-President alongside a man he knew was sick unto death, Umaru Yar’Adua.

But Mr. El-Rufai testifies of the Obasanjo era, “We saw the beginnings of a credible system…a basis to hit the ground running, complete ongoing projects, initiate new ones and continue the work of solving Nigeria’s problem was created. Alas, that did not happen!”

The former Minister read the wrong briefing notes. We saw only the appearance of a credible system. A basis to hit the ground running was not created; if it were, by 2007, the only destination for Mr. Jonathan in Abuja would have been the local prison, not the presidential palace.

The reason for this is simple: no government is ever going to succeed in Nigeria as long as the war against corruption is fought only upon the tongue of the president. No “system” will ever last, let alone make a headway, for as long the person at the top (who could be a military leader, at the rate we are going) sees opportunity as opportunism, and service as power.

It is in this regard that Obasanjo’s successes disappeared very quickly and his failures now hunt Nigeria. In addition to deliberate public relations ploys, he planted the seeds of destruction along every path he travelled.

Think about it: roads, electricity; Transcorp; petroleum (where he was his own Minister for eight years); the Abacha loot; the buffet called the Nigeria National Petroleum Corporation; the Africa Finance Corporation; the Nigeria Image Project; Vision 2020; the Millennium Development Goals; the Nigeria National Empowerment and Development Strategy: exactly what did Obasanjo demonstrate?

Like a man led only by the intense heat in his loins, he fanned only the fires of the moment and whatever fireworks made him feel good. He did not demonstrate the patriotism required to go beyond himself, or the honesty to serve the people. That is why he is now one of Nigeria’s wealthiest men, while his people are full of regret.

And so, although he has only been a few years out of office, Obasanjo has been established as a hypocrite. The loot recovered from Abacha has disappeared. Various probes by the National Assembly of various government funds and programmes have indicted him.

Indeed, if there is one thing every Nigerian knows for certain, it is that if there were ever one true firefight on the anti-corruption front, Obasanjo would be in jail before lunch—for life—his property confiscated through the next generation, and probably from everyone with Obasanjo as last name.

But his greatest betrayal was his cynical rigging of the PDP machine to place on the 2007 presidential ticket the tandem of Mr. Yar’Adua and Mr. Jonathan.

Watchers of Nigeria know that Obasanjo did not do that for Nigeria, or even for the PDP; he did it for himself. In the weakness of both men, he saw his protection from jail and embarrassment. Even if we were to concede he did not know Yar’Adua was deathly sick, he had several reasons to know Jonathan cannot even lead a group of Boy Scouts.

This is the reason that Jonathan and everything he is or is not, is the most pronounced legacy of Obasanjo. And not only is it one from which Obasanjo cannot distance himself, it is one for which he should be eternally ashamed.

sonala.olumhense@gmail.com

http://saharareporters.com/column/nasir-el-rufai%E2%80%99s-fiction-sonala-olumhense

RCCG bans title and offerings.

Covenant University declares tuition fee free.

Buhari joins PDP

Nigerian Police Uniform now white on white.

Nigerian capital city now Bornu state.

I use these auto-pivots.(got the first one somewhere, should be on this thread, not really sure), the other came from a friend.

I also included 2 other stuffs i use.

EPOMA: same here, I have asked him but he never replied

Sir, i told you my pivot is slightly similar with the signal i post, i use an auto-pivot plotter and it does the calculation for me. Been using this for 2yrs now and i kinda like it.

Zeddicus: I also wonder how Honeric gets his Pivots. Its always different even when I try calculating with the on-site pivot on fxstreet. Maybe its a sunday candle thing?

For me, i have an auto-pivot i use and it slightly corresponds with that of the broker that updates me.. right now my pivot on EU and GU are at 1.2320 and 1.5495.

unclenna: Don't mind the those Fxpro experts I don't know where the get these PP.......Maybe the use London Close instead of New york close.

This is not from fxpro.

mkmyers45: @Honeric01 you calculate your PP points manually?

Auto sir.

Crude Oil (Aug 12) intraday: up turn.

Pivot: 84.00
Our Preference: LONG positions above 84 with targets @ 85.45 & 86.05.
Alternative scenario: The downside penetration of 84 will call for 83.3 & 82.2.
Comment: the RSI is posting a bullish divergence (not confirmed yet).

SILVER (Spot) intraday: up turn.

Pivot: 26.90
Our Preference: LONG positions above 26.9 with 27.5 & 27.7 in sight.
Alternative scenario: The downside penetration of 26.9 will call for a slide towards 26.6 & 26.25.
Comment: the RSI is posting a bullish divergence (not confirmed yet).

GOLD (Spot) intraday: up turn.

Pivot: 1572.00
Our Preference: LONG positions @ 1575 with 1588 & 1598 in sight.
Alternative scenario: The downside breakout of 1572 will open the way to 1564 & 1557.
Comment: the RSI is posting a bullish divergence (not confirmed yet).

AUD/USD intraday: key ST resistance at 1.024.

Pivot: 1.024
Our preference: Short positions below 1.024 with targets @ 1.015 & 1.0085 in extension.
Alternative scenario: Above 1.024 look for further upside with 1.028 & 1.0325 as targets.
Comment: the break below 1.024 is a negative signal that has opened a path to 1.015.

USD/JPY intraday: under pressure.

Pivot: 79.80.
Our Preference: SHORT positions @ 79.75 with 79.4 & 79.2 in sight.
Alternative scenario: The upside penetration of 79.8 will call for 80.1 & 80.35.
Comment: the pair stands below its new resistance.

USD/CHF intraday: the upside prevails.

Pivot: 0.97.
Our Preference: LONG positions above 0.971 with targets @ 0.9825 & 0.9875.
Alternative scenario: The downside breakout of 0.971 will open the way to 0.9645 & 0.96.
Comment: the pair remains on the upside.

GBP/USD intraday: capped by a negative trend line.

Pivot: 1.5515.
Our Preference: SHORT positions @ 1.5505 with 1.545 & 1.5425 in sight.
Alternative scenario: The upside breakout of 1.5515 will open the way to 1.555 & 1.558.
Comment: the pair and the RSI are capped by bearish trend lines.