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David Becker Articles

yesterday

Natural Gas Technical Report for January 23, 2017

Natural gas prices moved lower on Friday, dropping through support near the 10-day moving average at 3.30, which is now seen as short term resistance.  Additional support is seen near the January lows at 3.10.  Warmer than normal weather that is seen covering most of the north eastern U.S. is reducing the perceived need for … Continue reading Natural Gas Technical Report for January 23, 2017

yesterday

WTI Crude Daily Update for January 23, 2017

Crude oil moved higher on Friday, gaining slightly more than 2% and poised to test short term resistance near the 20-day moving average at 53.62.  A close above this will lead to a test of the 55.22 zone.  Support is seen near the January lows at 52.19.  A larger than expected rise in the oil … Continue reading WTI Crude Daily Update for January 23, 2017

yesterday

Gold Price Prediction for January 23, 2017

Gold prices moved higher on Friday bouncing off the 10-day moving average at 1,198.  An upward revision to Eurozone inflation helped buoy the prices of the yellow metal.  Resistance is seen near the January highs at 1,219.  The RSI (relative strength index) failed to make a higher high reflecting decelerating positive momentum. The dollar edged … Continue reading Gold Price Prediction for January 23, 2017

yesterday

EUR/USD Prediction for January 23, 2017

The EUR/USD moved higher following stronger than expected German PPI and following the Inauguration of U.S. President Donald Trump.  Support on the currency pair remains near the 10-day moving average at 1.0625.  The exchange rate is attempting to form a bottom.  Resistance is seen near the December highs at 1.0855.  The RSI was unable to … Continue reading EUR/USD Prediction for January 23, 2017

yesterday

Markets Wait for Clarity Following Trump Inauguration

European stock markets are moving sideways with investors holding back ahead of the inauguration of President elect Donald Trump. DAX and FTSE are little changed after a mixed session in Asia, where Chinese shares were underpinned by a strong GDP number and Japanese markets also managed to close in positive territory, but overall trading was … Continue reading Markets Wait for Clarity Following Trump Inauguration

2 days ago

Natural Gas Technical Report for January 20, 2017

Natural gas prices rebounded following a larger than expected draw in natural gas inventories. Prices recaptured resistance which is now seen as support near the 10-day moving average at 3.34.  Resistance is seen near the January highs at 3.51. Momentum is flat with the RSI (relative strength index) printing a reading of 51, which is … Continue reading Natural Gas Technical Report for January 20, 2017

2 days ago

WTI Crude Daily Update for January 20, 2017

Crude oil prices moved higher but barely held on to gains following a larger than expected build in crude oil inventories reported on Thursday by the Department of Energy.  Prices surged higher initially, but generated an inside day with a lower high and a higher low.  Support is seen near the 50-day moving average at … Continue reading WTI Crude Daily Update for January 20, 2017

2 days ago

Gold Price Prediction for January 20, 2017

Gold prices dropped to support levels as the dollar gained traction following a stronger than expected Philly Fed number.  Support is seen near the 10-day moving average at 1,195, while resistance on the yellow metal is seen near the January highs at 1,219. Momentum has dipped as the RSI (relative strength index) moved lower with … Continue reading Gold Price Prediction for January 20, 2017

2 days ago

EUR/USD Prediction for January 20, 2017

The EUR/USD whipsawed first moving higher but then dropping following the ECB’s decision to keep rates unchanged an overlook increasing inflation expectations.  The exchange rate bounced off support near the 10-day moving average at 1.0607.  Resistance is seen near the December highs at 1.0873.  Stronger than expected U.S. data which included stronger than expected housing … Continue reading EUR/USD Prediction for January 20, 2017

2 days ago

Oil Prices Edge Higher but Fail to Lift European Equities

European stock markets are heading south, with the FTSE 100 underperforming as Sterling moves higher. DAX and CAC 40 lost earlier gains and are also down as investors hold back ahead of the ECB announcement. Asian markets closed mixed, with the Nikkei managing a 0.94% gain as the Yen fell against the dollar following comments … Continue reading Oil Prices Edge Higher but Fail to Lift European Equities

3 days ago

Natural Gas Technical Report for January 19, 2017

Natural gas prices tumbled lower dropping more than 3%, as traders await inventory number which are scheduled to be released on Thursday.  Heating demand in the north east is likely to be less than normal as the weather is expected to be warmer than normal for the next 8-14 days according to the National Oceanic … Continue reading Natural Gas Technical Report for January 19, 2017

3 days ago

WTI Crude Oil Daily Update for January 19, 2017

WTI Crude oil prices dropped on Wednesday declining nearly 2.5%, as traders focused on the Energy Information Administration’s projection on higher U.S. production. Prices declined to support near the 50-day moving average at 50.66.  Additional support is seen near the January lows at 50.72.  Resistance is seen near the January highs at 55.24. Momentum has … Continue reading WTI Crude Oil Daily Update for January 19, 2017

3 days ago

Gold Price Prediction for January 19, 2017

Gold prices edged lower as the dollar gained traction following a stronger than expected U.S. CPI that trumped the in line German CPI.  Support on the yellow metal is seen near the 10-day moving average at 1,193. Resistance is seen near the October lows at 1,241.  The RSI has dipped after printing a reading above … Continue reading Gold Price Prediction for January 19, 2017

3 days ago

EUR/USD Prediction for January 19, 2017

The EUR/USD edged lower on Wednesday as the dollar recovered some of its losses following the Trump comments on Tuesday and after a slightly better than expected consumer price index.  Support on the currency pair is seen near the 10-day moving average at 1.0607.  Resistance is seen near the December highs at 1.0873.  Prices formed … Continue reading EUR/USD Prediction for January 19, 2017

3 days ago

Stocks Consolidates as Oil Drops as German Inflation Accelerates

European stock markets are narrowly mixed, with FTSE 100 posting slight gains together with the Spanish IBEX, while CAC 40, the DAX and Italian MIB are down. The FTSE 100 is clawing back some of yesterday’s losses as Sterling retreats from yesterday’s highs seen in the wake of May’s Brexit speech. Overall the latest Trump … Continue reading Stocks Consolidates as Oil Drops as German Inflation Accelerates

4 days ago

Natural Gas Technical Report for January 18, 2017

Natural gas prices surged higher during the morning trading session but were unable to hold on to gain and drifted lower to close down on the day by approximately 0.25%.  Colder than normal weather is forecast to cover most of the western United States for the next 8-14 days.  Cold weather generates heating demand which … Continue reading Natural Gas Technical Report for January 18, 2017

4 days ago

WTI Crude Daily Update for January 18, 2017

WTI crude oil prices moved higher on Tuesday as a weaker dollar paved the way for higher prices. Prices briefly recaptured the 53 handle, but were unable to hold on to gains throughout the trading session.  Prices tumbled just before the close through support which is now seen as resistance near the 10-day moving average … Continue reading WTI Crude Daily Update for January 18, 2017

4 days ago

Gold Price Prediction for January 18, 2017

Gold prices moved higher as the dollar dropped, as UK inflation hit a 2.5 year high generating higher inflation expectations which boosted the yellow metal.  Prices are poised to test target resistance near the October 2016 lows at 1,241.  Support is seen near the 10-day moving average at 1,189.  The RSI (relative strength index) hit … Continue reading Gold Price Prediction for January 18, 2017

4 days ago

EUR/USD Prediction for January 18, 2017

The EUR/USD surged following an interview with Donald Trump by the WSJ were the President Elect relayed his displeasure with the recent strength of the U.S. dollar. He went on to say that he though the Chinese were holding their currency down which was why the greenback was elevated. A stronger than expected German ZEW … Continue reading EUR/USD Prediction for January 18, 2017

US Dollar Index
4 days ago

Stocks Slump as Dollar Tumbles Following Trump Comments

European stock markets are broadly down, following on from losses on most Asian markets. Uncertainty about future U.S. policies are weighing on sentiment and with reports indicating that U.K. Prime Minister May will announce a hard Brexit strategy today, investors are holding back and only the Italian MIB index is managing to hold stable. Financial … Continue reading Stocks Slump as Dollar Tumbles Following Trump Comments

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