Forecasts & Analysis

The main trend is up according to the daily swing chart. The uptrend was reaffirmed earlier today when buyers took out the June 8 main top at 3220.50.

The S&P 500 continues to look “high, wide, and handsome” as it grinds through various resistance barriers. We are on the precipice of a breakout to the upside.

Silver markets exploded to the upside during the trading session on Monday to kick off the week, as we continue to march towards the crucial $20 level.

Our researchers believe the next target is $1935.  Keep reading to learn why we believe this is the next major price target for Gold.

USD/CAD did not manage to settle above the resistance at the 20 EMA and returned back to the previous trading range.

Crude oil markets continue to be very sideways as we have seen little in the way of real estate covered during the Monday session.

Natural gas markets have gone back and forth on Monday as we continue to see a lot of chop. That suggests that the 50 day EMA is going to come into play.

Gold markets have rallied slightly on Monday, as we break above $1800. But it looks like we have some work to do before we can go straight up in the air.

The early price action suggests the key levels to watch today are $1798.10 and $1813.20.

PepsiCo Inc reported that its revenue for the second quarter fell nearly 3% as COVID-19 pandemic drastically affected consumer spending due to strict restrictions imposed to contain the spread of the deadly virus.