Forecasts & Analysis

The crypto bulls fight back to deliver more gains going into the weekend.

The selling was revved up late Thursday after the European weather model dropped more than 15 heating degree days from its forecast for the period running from next Tuesday through January 28, NatGasWeather said in a note to clients.

After rallying more than $165 since November, gold is taking a well-deserved breather. A brief pause, then gold should continue to fresh highs and $1700 by March. 

S&P 500 markets ground a bit higher during the trading session on Friday again, as the bullish pressure continues. Quite frankly, as long as the Federal Reserve is willing to play ball, the stock markets will continue to go higher.

Silver markets went back and forth during the trading session in a slightly positive day, as the market has been grinding sideways and killing time. The question now is whether or not the buyers will come in and pick this up.

Crude oil markets stabilize a bit during the day on Friday, which of course is a good sign considering that we had pulled back so drastically. That being said, it looks like the 200 day EMA continues to offer support.

Natural gas markets dipped a below the two dollars level momentarily during the day on Friday, as the natural gas markets continue to struggle. This being the case, there is nothing good looking about this chart, and as a result it’s likely that the market will continue to be miserable.

Gold markets rallied slightly during the trading session on Friday to in the week, showing signs of resiliency yet again. It looks as if we are very comfortable with the bullish uptrend.

The S&P 500 rallied again during the week, breaking out to a fresh, new high. This continues the pattern that we have seen for so long, as the American stock market continues to attract inflows.

Silver markets initially fell during the week but continue to find resiliency, as we are testing the shooting star from the previous week.