Forecasts & Analysis
Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 6th, 2021
It’s a relatively bullish start to the day for the majors. Steering clear of early lows should bring resistance levels into play.
Gold Price Prediction – Prices Rebound Despite a Strong Dollar as Yields Ease
Gold prices rose on Friday as yields whipsawed and eventually fell. The dollar rose pushing through the February highs. The U.S. Treasury yields surged following a larger than expected employment report. February’s surprisingly strong job growth signals that the economy could be at a pivot point and is about to
S&P 500 Weekly Price Forecast – Continue to Rock Back and Forth on Rates
The S&P 500 has been all over the place during the course of the week as we continue to dance on top of an uptrend line.
Costco Wholesale Misses Earnings Estimates; Analysts Cut Target Price
Costco Wholesale Corporation, which operates a chain of membership-only big-box retail stores, reported a lower-than-expected profit in the second quarter, prompting several analysts to lower their one-year price targets.
Silver Weekly Price Forecast – Silver Markets Testing 25 USD
The silver markets have fallen towards the $25 level to show signs of support. This is an area that I think is going to be crucial for the longer term.
Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Higher
The crude oil markets initially pulled back during the course of the week but then turned around to show signs of strength yet again.
Natural Gas Weekly Price Forecast – Natural Gas Continues to Decline
Natural gas initially tried to rally during the week, but then broke down below the $2.20 level. That being said, it looks like it could drop even further.
Gold Weekly Price Forecast – Gold Testing Major Fibonacci Level
Gold markets initially tried to rally during the week but then gave back the gains to reach down towards the 61.8% Fibonacci retracement level.
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