Forecasts & Analysis | Technical, Page

December E-mini S&P 500 Index futures are called steady shortly before the cash market opening. There was a slight follow-through to the upside earlier in the session, confirming the uptrend, but the market turned lower once the buying dried up. Due to the prolonged move up in terms of price

December E-mini Dow Jones Industrial Average futures are called steady-to-better shortly before the cash market opening. Buyers are trying to build on yesterday’s rally which took the market to a new contract high.Daily Technical AnalysisThe main trend is up according to the daily swing chart. There is no upside target.

December E-mini NASDAQ-100 Index futures are trading nearly flat shortly before the cash market opening. Profit-taking and position-squaring ahead of the week-end and next week’s widely expected Fed rate hike may be helping to limit gains. A firmer U.S. Dollar is also pressuring stocks.Daily December E-mini NASDAQ-100 IndexDaily Technical AnalysisThe

Gold futures are trading lower shortly before the regular session opening after buyers failed to bite on an attempted breakout over key retracement zone resistance. The market was supported earlier by a weaker U.S. Dollar, but rising U.S. Treasury yields and expectations of a Fed rate hike next week helped

U.S. West Texas Intermediate Crude Oil futures are trading higher shortly before the cash market opening on Friday. Traders appear to be shrugging off a series of tweets by President Trump on Thursday criticizing OPEC policy and calling for the cartel and its allies to address the issue of rising

The Euro is trading lower shortly before the U.S. opening after buying dried up slightly above the July 9 top at 1.1791. Furthermore, due to the prolonged move in price and time, the Forex pair began the session in the window of time for a closing price reversal top. This

The theme of the Bitcoin ETF seems to be the main player in the markets over the last few weeks as the question of whether the SEC would or wont continues to dominate the markets. On the face of it, the SEC seems to be quite reluctant to approve any

The S&P 500 took off to the upside during the trading session on Thursday, as the US dollar got sold off in stock markets rallied rather significantly. Because of this, it looks as if the stock markets are ready to go much higher as we find ourselves a fresh, new

Silver markets are difficult to trade if you are looking to go to the long side. This is mainly because it underperforms gold. If the US dollar falls, it seems that the gold market will continue to rally much more than silver. Silver markets fall much quicker than gold does

WTI Crude OilThe WTI Crude Oil market has tested the vital $71.15 level to only fail before it was all said and done. This is an area that has been important previously and has been tested multiple times. We failed there, showing just how resistant this area is going to

Natural gas markets went back and forth during trading initially on Thursday, but as the report came out a little bit bearish, the market broke down through the $2.90 level, only to turn around and see massive buying. Looking at the chart, it’s obvious that the $2.90 level is important,

Gold markets initially fell during the trading session on Thursday, but then turned around near the $1205 level, aided by the US dollar falling in general. Markets continue to pay attention to several things at once, as there are fears about the trade war, questions about whether the Federal Reserve

The US dollar rallied initially during early trading on Thursday but pulled back enough to give value hunters an attempt to pick up the pair at ¥112. The market looks likely to continue to struggle overall, because of the major downtrend line that is just above on the daily charts.

The British pound rallied rather significantly early on Thursday, breaking above the 1.32 handle easily, and now looking likely to go much higher. I believe at this point, it’s very likely that we will see traders continue to enter this market on dips, as it will offer value in a

The British pound has rallied again during trading on Thursday, as we continue to see value hunters come in and pick it up. The closer we get to some type of resolution with the European Union, even if it’s no resolution, the better off the British pound is going to

The Euro rallied significantly during the trading session on Wednesday, breaking above the neckline of an inverse head and shoulders, which measures for a move to roughly 1.20. However, I think the 1.18 level above is going to cause a significant amount of resistance, so don’t be surprised at all

The Australian dollar has rallied significantly during the trading session on Thursday, reaching as high as 0.7290 before the Americans got on board. The Australian dollar is a proxy for global growth, and with all of the issues involving the Sino-American trade spat, it’s not surprising that the Aussie has

Key HighlightsNEM’s XEM gained 5.07% on Thursday, following a 0.79% fall on Wednesday, to end the day at $0.0981.A range bound start to the day saw NEM’s XEM fall to an early morning low $0.08512 before finding support, the day’s first major support level at $0.0834 left untested on the

Natural gas prices surged higher and are breaking out, as colder than expected weather is expected to cover most of the United States over the next 8-14 days. Traders reacted positively to the in line build in natural gas inventories reported on Thursday by the Energy Information Administration. There is

Gold prices moved higher on Thursday, buoyed by a drop in the dollar, as yields pulled back. US 2-year yields hit a decade old high on Wednesday and appear to have pulled back despite robust economic data. The dollar tumbled through support levels giving a boost to commodities like gold