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David Becker
39 minutes ago

WTI Crude Daily Update for December 6, 2016

WTI crude oil prices moved higher on Monday but were unable to break through downward sloping trend line resistance.  Support on crude oil prices are seen near the 10-day moving average at 48.66.  Prices continue to be buoyed by OPEC announcement on Thursday that they were cutting production by approximately 1.2 million barrels per day. … Continue reading WTI Crude Daily Update for December 6, 2016

David Becker
40 minutes ago

EUR/USD Prediction for December 6, 2016

The EUR/USD whipsawed following the result of the Italian referendum initially moving lower and then surging back to the 1.08 level.  Resistance on the currency pair is seen near the October lows at 1.0850, while support is seen near the 10-day moving average at 1.0617.  The currency pair generated an outside day which is important … Continue reading EUR/USD Prediction for December 6, 2016

David Becker
40 minutes ago

Gold Price Prediction for December 6, 2016

Gold prices hit a fresh 10-month low but closed well off session lows.  The weakness in the dollar on Monday helped buoy the yellow metal.  Resistance is seen near the 10-day moving average at 1,184.  Support on gold prices is seen near the June lows at 1,076. Monday’s softer than expected EU services PMI was … Continue reading Gold Price Prediction for December 6, 2016

David Becker
41 minutes ago

Technical Natural Gas Prediction for December 6, 2016

Natural gas prices surge higher climbing near 6% as colder than normal weather is forecast to cover most of the United States for both the 6-10 and 8-14 day forecasts according to the National Oceanic Atmospheric Administration.  Colder weather will generate stronger heating demand, which drives demand to natural gas. Prices are poised to test … Continue reading Technical Natural Gas Prediction for December 6, 2016

Christopher Lewis
42 minutes ago

Nikkei 225 Forecast December 6, 2016, Technical Analysis

The Nikkei 225 initially dipped lower at the open on Monday, but then shot above the ¥18,500 level. This is a market that has been strong for some time, and it should then reach towards the ¥20,000 level over the longer term. Pullbacks should continue to find quite a bit of support below at the … Continue reading Nikkei 225 Forecast December 6, 2016, Technical Analysis

Christopher Lewis
43 minutes ago

DAX Forecast December 6, 2016, Technical Analysis

The DAX broke higher during the day on Monday, as we continue to try to grind above the 10,800 level. A break above there would be very bullish sign, and should send the market much higher. I believe the pullbacks will continue to offer a bit of value that traders will continue to reach towards. … Continue reading DAX Forecast December 6, 2016, Technical Analysis

Christopher Lewis
43 minutes ago

NASDAQ 100 Forecast December 6, 2016, Technical Analysis

The NASDAQ 100 broke higher during the Monday session, as we continue to see buying time and time again every time we pullback. The 4800 level of course offered resistance, but I think we will continue to go higher from there. I believe that the 4900 level above will be targeted, but it may take … Continue reading NASDAQ 100 Forecast December 6, 2016, Technical Analysis

Christopher Lewis
44 minutes ago

S&P 500 Forecast December 6, 2016, Technical Analysis

The S&P 500 initially gapped lower at the open on Monday but found enough support at the 2180 level again to bounce and break higher, perhaps reaching towards the highs yet again. I think that if we can find support on short-term pullbacks, it could offer nice trading opportunities as the upward trend should continue … Continue reading S&P 500 Forecast December 6, 2016, Technical Analysis

Christopher Lewis
44 minutes ago

FTSE 100 Forecast December 6, 2016, Technical Analysis

The FTSE 100 rallied on Monday, but gave back a bit of its gains once we got close to the 6800 level. A break above there should send this market towards the 7000 level above, which is resistance as far as I can see. Because of this, I remain bullish but recognize that it is … Continue reading FTSE 100 Forecast December 6, 2016, Technical Analysis

Christopher Lewis
45 minutes ago

Dow Jones 30 Forecast December 6, 2016, Technical Analysis

The Dow Jones 30 continues to show bullish pressure as although we initially gapped lower, we turned right back around to form a very bullish candle. I believe that we are going to continue to reach towards the 20,000 level given enough time, and short-term pullbacks should continue to offer buying opportunities given enough time. … Continue reading Dow Jones 30 Forecast December 6, 2016, Technical Analysis

Christopher Lewis
45 minutes ago

Silver Forecast December 6, 2016, Technical Analysis

Silver markets rallied at first, and then fell on Monday. Ultimately though, we turned around to form a hammer, which suggests that the $17 level will be tested yet again. However, this is a longer-term downtrend in the US dollar has been strengthening for quite some time. With this, I wait for an exhaustive candle … Continue reading Silver Forecast December 6, 2016, Technical Analysis

Christopher Lewis
46 minutes ago

WTI Crude Oil Forecast December 6, 2016, Technical Analysis

WTI Crude Oil The WTI Crude Oil market rallied on Monday yet again as we broke towards the $52 level. This is a market that is trying to break out, and I believe there is a significant amount of support all the way down to the $50 level. A pullback from here could find plenty … Continue reading WTI Crude Oil Forecast December 6, 2016, Technical Analysis

Christopher Lewis
47 minutes ago

Natural Gas Forecast December 6, 2016, Technical Analysis

The natural gas markets broke out again during the day on Monday, as we have now clear to the $3.60 level. This is an extraordinary move, but quite frankly it has to sooner rather than later. This is so overextended at this point that Murphy’s Law dictates that if you go long here, it will … Continue reading Natural Gas Forecast December 6, 2016, Technical Analysis

Christopher Lewis
48 minutes ago

Gold Forecast December 6, 2016, Technical Analysis

Gold markets fell on Monday, after initially trying to rally at the open. A turnaround against the initial move continues the longer-term downtrend. The market seems to be testing the $1150 level below, and quite frankly I feel that every time we rally the sellers will come back as the real support can be found … Continue reading Gold Forecast December 6, 2016, Technical Analysis

Christopher Lewis
49 minutes ago

USD/JPY Forecast December 6, 2016, Technical Analysis

The US dollar bounced off the 112.50 level during the day on Monday against the Japanese yen. I believe that the market is going to continue to go higher given enough time, but pullbacks might be necessary to continue the massive momentum to the upside. The 110 level below is massively supportive, and with that … Continue reading USD/JPY Forecast December 6, 2016, Technical Analysis

Christopher Lewis
50 minutes ago

USD/CAD Forecast December 6, 2016, Technical Analysis

The USD/CAD pair struggled during the day on Monday, as we continue to see quite a bit of bullish pressure in the oil market. Ultimately, the market looks as if it has quite a bit of support just below though, so I’m waiting to see whether we get a supportive candle that we can start … Continue reading USD/CAD Forecast December 6, 2016, Technical Analysis

Christopher Lewis
50 minutes ago

NZD/USD Forecast December 6, 2016, Technical Analysis

The New Zealand dollar initially fell slightly during the day on Monday, but then shot higher and tested the bottom of the uptrend line that we have been focusing on for some time. It looks as if we are going to continue to consolidate overall, so if we can break down below the bottom of … Continue reading NZD/USD Forecast December 6, 2016, Technical Analysis

Christopher Lewis
51 minutes ago

GBP/USD Forecast December 6, 2016, Technical Analysis

The GBP/USD pair initially dipped at the open but found enough support to continue to push against the 1.27 handle. If we can break above there, I think the next area that were going to test of the 1.2850 level. That’s an area that I think should continue to be important as it used to … Continue reading GBP/USD Forecast December 6, 2016, Technical Analysis

Christopher Lewis
52 minutes ago

GBP/JPY Forecast December 6, 2016, Technical Analysis

The GBP/JPY pair rallied on Monday, as we continue to see quite a bit of bullish pressure. We are testing the 145 handle, and quite frankly I think that every time we pullback, there should be plenty of buyers going forward. I think the 140 level is essentially a “floor” in this market, and as … Continue reading GBP/JPY Forecast December 6, 2016, Technical Analysis

Christopher Lewis
52 minutes ago

EUR/USD Forecast December 6, 2016, Technical Analysis

The EUR/USD pair had a very bullish turn around during the Monday session, as we initially sold off and reached towards the 1.05 level. We found plenty of support there, possibly from the European Central Bank, and then shot towards the 1.0725 level. Ultimately, this is a very bullish candle that should send this market … Continue reading EUR/USD Forecast December 6, 2016, Technical Analysis

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