Forecasts & Analysis
Dogecoin – Daily Tech Analysis – May 19th, 2021
It’s a bearish start to the day for Dogecoin. Failure to move through the day’s pivot level would bring support levels into play.
Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 19th, 2021
It’s a relatively bullish start to the day. Failure to revisit early highs would bring support levels into play.
Genuine Concerns Could Lead To A Sustainable Rally In Gold
Although gold prices are only modestly higher in trading today, it is the fundamental rationale that is creating the current market sentiment, which has certainly shifted to a bullish demeanor.
EUR/USD Forex Technical Analysis – Trader Reaction to 1.2243 Will Set the Early Tone
The daily chart indicates there is plenty of room to the upside on a breakout over 1.2243 with 1.2349 the next likely target.
European Equities Finalized Eurozone Inflation Figures in Focus Ahead of the FOMC Minutes
Finalized Eurozone inflation figures are due out later today. While the numbers will draw attention, the FOMC meeting minutes will be a consideration…
Oil Price Fundamental Daily Forecast – Prices Plunge on Reported Progress in US-Iran Nuclear Talks
Today’s API report is expected to show U.S. crude inventories to have risen by 1.6 million barrels last week, according to a Reuters poll.
Natural Gas Price Prediction – Prices Whipsaw and Close Sharply Lower
The weather is expected to remain warmer than normal
Gold Price Prediction – Prices Rise as the Dollar Drops
Housing starts fall more than expected
Gold Price Futures (GC) Technical Analysis – Close Under $1867.60 Could Trigger Start of 2 – 3 Day Correction
The direction of the June Comex gold market into the close is likely to be determined by trader reaction to $1867.60.
Gold’s New Rally to All-time Highs Continues
Today GOLD is trading at $1868. Thus, so far, so good. Ideally, the precious metal should top soon, fall back to around $1800-1765 support before rallying to ideally $2100-2200.
