Forecasts & Analysis
EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 22/02/20
It’s been a mixed start to the day. Failure to move back through to key levels by late morning could see the majors take a bigger hit on the day.
Natural Gas Price Prediction – Prices Slip but Close up Nearly 4% for the Week
Natural gas prices whipsawed for a second consecutive trading session initially testing lower levels and then rebounding to close the session -0.6%. For the week, prices rallied nearly 4% but well of the highs of the week. This follows Thursday’s outside day reversal pattern is a negative sign. The weather
Crude Oil Price Update – Strengthens into Close Over $53.73, Weakens Under $53.63
Based on the early price action and the current price at $53.42, the direction of the April WTI crude oil market into the close on Friday is likely to be determined by trader reaction to the uptrending Gann angle at $53.63.
Gold (GC) Technical Analysis Price Futures – Trading on Strong Side of Steep Uptrending Channel
Based on the early price action and the current price at $1651.20, the direction of the April Comex gold contract into the close will be determined by trader reaction to the steep uptrending Gann angle at $1639.12.
S&P 500 Weekly Price Forecast – Stock Market Prints Negative Candle
The S&P 500 initially tried to rally during the week, but then broke down significantly. At this point, the market looks as if it may try to go reaching towards the uptrend line. Either way though, the market is still bullish.
Silver Weekly Price Forecast – Silver Markets Rip to The Upside
The silver markets rallied rather stringently during the week, as we tested the $18.50 level. The hammer from the previous week was preceded by several other ones, showing just how much buying pressure there was underneath.
Crude Oil Weekly Price Forecast – Crude Oil Markets Looking to Recover
Crude oil markets had a choppy week, testing support but then bouncing a bit before pulling back yet again. This is going to be a very noisy market going forward as all things China continue to be in the front of traders mind.
Natural Gas Weekly Price Forecast – Natural Gas Markets Show Signs of Resistance
Natural gas markets had initially rally during the week but ran into a significant amount of resistance at the $2.00 level. At this point, it’s very likely that the market is going to continue to be very noisy.