Forecasts & Analysis, Page

If there is no follow-through to the downside then the market is likely to resume its uptrend early next week. This will likely be fueled by a bullish outcome over Brexit this week-end. Friday’s price action and close at 7880.75 didn’t mean much to the chart structure, other than making

It’s a bearish start to the day for the majors. Failure to move through to key levels by late morning could lead to another sell-off.

Looking at this week’s trading range, buy stops are probably piling up over $1508.00 and sell stops under $1478.00.

Brexit could generate volatility

Based on the late-session price action, the direction of the December U.S. Dollar Index into the close is likely to be determined by trader reaction to the main 50% level at 97.140.

Tropical Storm Nestor Heads toward landfall

Gold remains stable despite rally in Euro and Pound

Given the current upside momentum, the next upside target into the close is .6863. The AUD/USD could pause at this price, but also accelerate into .6879. This is the last potential resistance angle before the .6895 main top.

Stock markets around the United States have continue to grind higher, and the S&P 500 of course was no different. The E-mini contract has reached towards the 3000 level yet again, which is starting to show obvious signs of resistance.

Silver markets formed a supportive candle during the week, showing signs of strength yet again as we have bounced from just above the $17.00 level. All things being equal, it looks as if we are trying to build up some type of base.

Crude oil markets continue to find support during the past week, as we are approaching the bottom of the overall range. At this point, the market looks very likely to try to bounce but obviously there’s a lot of noise to work through.

Natural gas markets rally during the week, bouncing from the crucial $2.20 level to test the $2.40 level. It looks as if we have more of a grind on our hands but this is how trend changes start: they get choppy and messy and that eventually everybody moves in the

The Gold markets have gone back and forth during the week, dancing around just below the $1500 level. That is a decent round figure that will attract a lot of attention so it makes sense that we are sitting right here.

The S&P 500 has pulled back slightly ahead of the weekend, which isn’t much of a surprise considering just how close we are to the all-time highs and we are of course in the midst of earnings season. Beyond that, there is a Brexit vote coming.

Silver markets initially fell during the trading session on Friday but have turned around to show signs of support to form a hammer. The hammer sits right on top of the 50 day EMA is so it looks as if the buyers are willing to step in and protect silver.

The crude oil markets initially tried to rally during the trading session on Friday but did find a little bit of a pushback later in the day. With this, it looks as if we will continue to consolidate in the short term in order to build up a bit of

Natural gas markets rallied a bit during the trading session on Friday, as a tropical depression in the Gulf of Mexico has traders short covering. We are sitting just below the 50 day EMA and resistance though.

Gold markets have been sideways over the last several days, and this week has essentially been a complete wash. At this point though, the bullish flag is still intact, and the 50 day EMA is still a major influence.

Our research team believes the US Treasuries and the US Dollar will continue to strengthen over the next 2 to 6+ weeks as foreign market and emerging market credit and debt concerns outweigh any concerns originating from the US economy or political theater. Overall, the major global economies will

The US dollar has gone back and forth during the week, in relatively quiet trading. The 50 week EMA has offered some resistance, and it now looks likely that we need another catalyst to go higher.