Forecasts & Analysis | Technical, Page

E-mini NASDAQ-100 Index futures are trading lower shortly after pre-session opening. The market is currently testing a major 50% level. Taking out Friday’s low at 7092.75 has helped make 7368.50 a new main top. At 0042 GMT, December E-mini NASDAQ-100 Index futures are trading 7069.50, down 37.00 or 0.52%.Daily December

E-mini Dow Jones Industrial Average futures are trading lower shortly after the pre-market opening. The average is still trading inside last Thursday’s range, suggesting investor indecision and impending volatility. At 2310 GMT, December E-mini Dow Jones Industrial Average futures are trading 25328, down 100 or -0.40%.Daily December E-mini Dow Jones

December E-mini S&P 500 Index futures are trading lower shortly after the pre-market opening on Monday. The early selling has also taken out Thursday’s low, turning 2824.25 into a new main top. At 2235 GMT, the index is at 2754.75, down 12.75 or -0.49%.Daily December E-mini S&P 500 IndexDaily Swing

The Euro closed higher versus the U.S. Dollar on Friday, reversing earlier weakness that threated to take out the low for the month at 1.1432. The reversal to the upside was fueled by a report from Bloomberg that British Prime Minister Theresa May is ready to drop a key Brexit

Natural gas futures reversed early weakness on Friday to finish higher for the session. The volatile shift in direction was fueled by another change in the weather forecast at the mid-session. Weather models remain inconclusive ahead of next week which suggests we’re likely to see more volatility and a possible

A rise in U.S. Treasury yields and an easing of tensions over stock market volatility helped boost the Dollar/Yen on Friday. Rising yields helped make the U.S. Dollar a more attractive investment because it widened the spread between U.S. Government bonds and Japanese Government bonds. The mixed performance in the

The New Zealand Dollar closed higher on Friday, posting a dramatic reversal to the upside after early session weakness. The strong rebound was fueled by a recovery in China’s major equity indexes, which rallied over 2.50 percent after government officials announced measures to support the economy and the stock market.The

A strong short-covering rally on Friday helped the Australian Dollar eke out a small gain ahead of the week-end. The rebound was fueled by a recovery in China. Greater China markets posted a strong comeback on Friday, following a series of measures announced by Chinese leaders to support the struggling

The S&P 500 has gone back and forth during the week in a slightly positive candle. Quite frankly, anything beyond the massive selloff would’ve been positive after the brutality of the previous week. We have shown the 50% Fibonacci retracement level at 2750 to be supportive, and we have even

Silver markets have touched the $14 level, an area of major support recently. In fact, this is an area that has been massive on longer-term charts for some time. At this point, I think that the silver market is starting to attract a lot of longer-term players, as $14 has

The BTI Crude OilThe WTI Crude Oil market initially tried to rally during the week but then broke down through the $70 handle, a significant technical and psychological level. Now that we have broken down below there, reaching towards the 61.8% Fibonacci retracement level, before bouncing just a bit. I

Natural gas markets continue to be very noisy, as we go back and forth. We formed a shooting star during the previous week, which of course is a very negative sign. It now looks as if we are somewhat overextended at this point, and I think a pullback makes a

Gold has broken to the upside again during the week, after forming a very bullish candle last week. This is a good sign, and it looks as if the $1175 level underneath is massive support, and if we break down below there it’s likely that we could unwind rather drastically,

The US dollar has bounced significantly from the 61.8% Fibonacci retracement level, forming a massive hammer. The markets look ready to continue grinding towards the upside, and quite frankly this strong uptrend looks ready to continue overall. The ¥114.50 level of course has been very resistance more than once, and

The British pound has gone back and forth during the week, forming a bit of a shooting star. At this point, it looks as if the market is simply going to go sideways overall, which makes quite a bit of sense. At this point, it looks as if we are

The British pound has gone back and forth during the week, essentially settling on a somewhat neutral looking candle. It’s been a wild ride, but it looks as if some of the fear that crept into the market earlier during the week has been abated. At this point, it looks

The Euro has been very soft due to the Italian debt situation, and of course a lot of fears around the world in higher interest rates in the United States. However, this is a very significant support level in this area, and I think that the market will probably continue

The Australian dollar shows signs of trying to form a bit of a bottom down here, as the 0.70 level of course would attract a lot of attention due to it being a large, round, psychologically significant figure. Overall though, I think that the market continues to be very noisy,

The Silver markets continue to move with the US dollar, rising as the dollar falls. Beyond that, we also get a bit of safety trade involved in Silver lately, as we continue to see a lot of volatility. The markets of course are skittish when it comes to a lot

WTI Crude OilThe WTI Crude Oil market rallied significantly during the day on Friday, as perhaps people are starting to look at this as being ginkgo cheap.” I think that short-term pullbacks continue to offer buying opportunities, but I also recognize that the $70 level above is resistance. If we