Forecasts & Analysis, Page

Based on Monday’s price action and the close at 27658, the direction of the December E-mini Dow Jones Industrial Average on Tuesday is likely to be determined by trader reaction to the 50% level at 27538.

Stellar’s Lumen continues to find support following Sunday’s rally and Monday’s trend-bucking gain. The rest of the pack are playing catchup.

It’s a mixed start to the day, with Bitcoin Cash ABC in the red. The majors could come under pressure by late morning if key levels are not hit.

Economic sentiment figures from Germany and the Eurozone will provide direction, along with any further chatter on trade…

Based on Monday’s price action and the close at 3087.50, the direction of the December E-mini S&P 500 Index on Tuesday is likely to be determined by trader reaction to the pivot at 3080.00.

The main trend is up according to the daily swing chart, but the selling has taken the market dangerously close to the last main bottom at $2.575. A test of the 50% to 61.8% retracement zone at $2.647 to $2.585 could attract some speculative buyers to slow down the selling

Most sectors were lower led down by

Prices drop as warm weather is forecast

UK Growth was weaker than expected

Besides the retracement zone at 1.1029 to 1.0994, the EUR/USD also hit a cluster of Gann angles at 1.1024, 1.1029 and 1.1036. Based on the late session price action, the direction of the Forex pair on Monday is likely to be determined by trader reaction to Friday’s close at 1.1020.

Stock markets initially pulled back to start off the week, as traders are dealing with the fact that Donald Trump suggests he has not made up his mind about rolling back tariffs against the Chinese.

Silver markets fell a bit during the trading session on Monday but have stabilized a bit later in the day. At this point, the market is currently juggling just above the 200 day EMA, it’s important to pay attention to what happens next, as it could give us an opportunity

The crude oil markets pulled back a bit during the early hours on Monday, as we had seen a bit of a pullback due to fears about the US/China trade talks yet again.

The natural gas markets got hammered during the trading session on Monday, gapping lower and therefore throwing even more confusion into the market. At this point, the markets look confused to say the least, as there are colder temperatures in the United States driving prices higher, but at the same

Gold markets fell during the trading session on Monday, reaching down towards the $1450 level. This is an area that I suggested could be the next level support, so it’ll be interesting to see how this plays out from here. We are about to see some type of decision.

The US dollar has pulled back a bit during the trading session on Monday, reaching down towards the 200 day EMA, and the ¥109 level. Ultimately, this is a market that is trying to build up enough momentum to finally break out.

The British pound has rallied again during the trading session on Monday, as Nigel Farage has suggested that a hung parliament was possible. This has traders getting excited about the possibility of the Brexit deal Dragon on forever, perhaps keep in the UK in the EU longer. At this point

The British pound has gone back and forth over the last couple of weeks, as we have been forming a bit of a consolidating channel, which looks more and more like it’s going to break to the upside.

The Euro rallied a bit during the trading session on Monday, bouncing from the 1.10 level. At this point, the market is still very negative, and perhaps this bounce is a bit needed but ultimately, we are going to continue the longer-term downtrend.

The Australian dollar has been very quiet during the trading session on Monday, as they continue to see reasons to go back and forth as it is “Ground Zero” for the US/China trade situation when it comes to Forex trading.