Forecasts & Analysis | Indices, Page

  • Bob Mason
    Bob Mason

    Bitcoin Cash, Litecoin and Ripple Daily Analysis – 19/08/18

    Bitcoin Cash Sells OffBitcoin Cash slid by 8.5% on Saturday, partially reversing Friday’s 16.77% gain, to end the day at $553.9.A start of a day intraday high $610, which fell short of the first major resistance level at $633.2, was the only bullish move of the day, with Bitcoin Cash

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  • James Hyerczyk
    James Hyerczyk

    Oil Price Fundamental Weekly Forecast – U.S-China Trade Talks Providing Some Optimism for Bulls

    U.S. West Texas Intermediate and international-benchmark Brent crude oil finished lower for a third consecutive week and its sixth weekly lower close out of seven amid increasing concerns about slowing global economic growth that could hit demand for petroleum products.Last week, October WTI crude oil settled at $65.38, down $1.56

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Weekly Price Forecast – stock markets continue to show resiliency

    The S&P 500 fell as low as 2800 on Wednesday, as the Turkish lira crashed and sent the US dollar higher, and fears of contagion around the world shook the markets. Beyond that, the market had quite frankly been a bit overstretched. We did find support at 2800 though, and

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  • Christopher Lewis
    Christopher Lewis

    Silver Weekly Price Forecast – Silver markets plunge for the week

    Silver markets broke down rather significantly during the week, slicing through the $15 level with these. In fact we got as low as $14.30 before bouncing a bit. The $14 level underneath is massive support, but I cannot help but notice that we have formed a bit of a descending

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Weekly Price Forecast – crude oil markets very shaky for the week

    WTI Crude OilThe WTI Crude Oil market broke down rather significantly during the week but bounced enough from just below the $65 level to save itself from completely slicing through the uptrend line on the close. Overall though, I think the $65 level must hold for the uptrend to continue.

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Weekly Price Forecast – natural gas hangs top for the week

    Natural gas markets initially fell during the week but found enough resiliency, especially on Friday to turn around of form a bit of a hammer. We said just below the $3.00 level, an area that is not only psychologically important but structurally important as well. If we can clear that

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  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets break down

    Gold markets broke down below a significant support level in the form of $1200 during the week. By doing so, the market looks ready to continue going lower, although we did get a bit of a bounce on Friday. I believe at this point if we approach the $1200 level,

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Weekly Price Forecast – US dollar mixed against Japanese yen

    The US dollar has gone back and forth during most of the week against the Japanese yen, hovering above the ¥110 level. This level has been important more than once, and after the recent surge higher it makes sense that maybe we need to take a little bit of a

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Weekly Price Forecast – British pound tries to stabilize

    The British pound went back and forth during the week, showing signs of indecision. We are trying to stabilize the vital 1.2750 level, an area that I said could be important if we broke down below the 1.30 level. It certainly looks as if it is trying to offer some

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Weekly Price Forecast – British pound continues to struggle against Japanese yen

    The British pound initially tried to rally during the week but gave back the gains and ended up forming a candlestick that looks very much like a shooting star at the bottom of the overall range. By sitting on top of the ¥140 level, this has me thinking that we

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Weekly Price Forecast – Euro hanging on for dear life

    The Euro rallied significantly after initially falling during the week to form a massive hammer. The hammer is based around the 1.14 level, an area that has been crucial more than once. Because of this, I believe that the market will probably turn around and continue to try to reach

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Weekly Price Forecast – Aussie finds support

    You can see that the Australian dollar broke down rather significantly during the week, but as we are closing it out, we are looking at a potential hammer. The hammer of course is a very bullish sign, and if we can recapture the 0.73 level, we may have another push

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast – stock markets resilient on Friday

    The S&P 500 did pull back slightly during the day on Friday, but in the end looks to be a bit resilient. The fact that we are stabilizing after having such significant gains during the day on Thursday tells me that the buyers are very comfortable at these levels. They

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets stabilize to end the week

    Silver markets were range bound during the day on Friday, bouncing from the $14.60 level repeatedly during the session. I think that there is going to be a certain amount of psychological and structural resistance at the $15 level above, and possibly even at the $14.80 level as we have

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets close out the week on a strong note

    WTI Crude OilThe WTI Crude Oil market rallied significantly during the day on Friday, reaching as high as $66.40 before pulling back a bit. That being the case, it looks as if we are making a serious attempt at turning things around, or perhaps traders simply do not want to

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas markets rally to end the week

    The natural gas markets will be a bit difficult to trade in the short term, unless you look at it from a scalping perspective. I see a major amount of resistance at the $3.00 level, but at the same time it’s easy to see that the weekly candle stick is

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets stabilize heading into the weekend

    Gold markets have stabilized a bit during the day on Friday, gaining slightly as I record this. I think as we head into the weekend, people were covering short positions so that they don’t get exposed, but at the end of the day it also should be noted that the

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – US dollar falls against yen to close out the week

    This pair is highly sensitive to risk appetite in headlines, especially when it comes to the US and China. Since there’s been so much to talk about lately, it’s not a huge surprise that this market may have fallen. I think that the US dollar had gotten a bit overbought

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound grinds higher on Friday

    Obviously, the most important thing affecting the British pound right now is the Brexit, or the lack of deal. Because of this, the British pound has continued to be very soft but I think at this point we are starting to run out of sellers. Quite frankly, people are already

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Price Forecast – British pound finding support

    There has been a strong snapback from the ¥140 level during the week, and Friday Saul a retest of that area which at the time of recording still holds. However, if we were to make a fresh, new lows, that could send this pair tumbling. What I would say is

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