Forecasts & Analysis, Page

Based on last week’s price action, the direction of the April Comex Gold futures contract this week is likely to be determined by trader reaction to the uptrending Gann angle at $1329.30.

It’s back into the red for the majors. It could be a painful weekend should a move through to key levels not occur by the early afternoon.

Kraft Heinz drops weighing on the consumer staples sector

Declining inventories buoy natural gas prices

Gold rebounds to end the week higher

The most important number into the close is yesterday’s close at $56.96. Holding above this level will signal the presence of buyers. They may make a run at the intraday high at $57.81.

Based on the early price action, the direction of the April Comex gold futures contract into the close is likely to be determined by trader reaction to the short-term uptrending Gann angle at $1324.70.

The S&P 500 rallied during the week but ran into a lot of trouble at the 2800 level. This is that much of a surprise though, because this is an area that has caused a significant amount of trouble in the past.

Silver markets initially rallied during the week, breaking above the $16.00 level. However, the market has rolled over to show signs of exhaustion and it looks very likely to pull back slightly from here.

Crude oil markets rallied during most of the week but continues to struggle at the familiar resistance areas. Because of this, it looks like we need some type of catalyst to get going.

Natural gas markets have rallied slightly during the course of the week, as we are getting close to a major support level underneath. However, it looks as if the market being oversold makes for an opportunity to see a bit of a bounce.

Gold markets initially rallied during the week but gave back quite a bit of the gains. By doing so, we are forming a massive shooting star which of course is very negative. However, we have a lot of support underneath so this may just be the market getting ready to

The S&P 500 rallied a bit during the trading session on Friday, slamming into the 2800 level. That’s an area that has been resistance previously, as we have hit this area three times.

Silver market participants picked up a bit of value during the trading session on Friday, as we have seen a continued buying of the dips. At this point, I suspect that may be what we continue to see, with perhaps the possibility of a little consolidation in the meantime.

Major Cryptocurrencies are seeing consolidative price action post yesterday’s corrective price rally.

The crude oil markets rallied a bit on Friday but continues to be suppressed at major resistance levels. Because of this, I think that the market is probably trying to churn up enough momentum to the upside to continue going higher. Short-term pullbacks should be buying opportunities from what I

Natural gas markets went sideways during the trading session on Friday, as we start to drift into the weekend. Because of this, it’s very likely that we will remain neutral.

Gold markets bounced a bit during the trading session on Friday, as the $1325 level has offered support. The question now is whether or not that level holds?

USDCAD trades with dovish bias as positive crude oil price and Sino-U.S. trade talk related headlines influence rally in favor of the Canadian Dollar.

Based on the current price at 2790.50, the direction of the March E-mini S&P 500 Index into the close is likely to be determined by trader reaction to the steep uptrending Gann angle at 2793.00.