Forecasts & Analysis | Technical, Page

  • James Hyerczyk
    James Hyerczyk

    E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Confirmation of Weekly Reversal Top Could Drive Index Sharply Lower

    E-mini NASDAQ-100 Index futures posted a potentially bearish closing price reversal top on the weekly chart after hitting a new contract high earlier in the week. The chart pattern suggests the selling may be greater than the buying at current price levels. If confirmed by a trade through 7292.50, we

    Read More
  • James Hyerczyk
    James Hyerczyk

    E-mini Dow Jones Industrial Average (YM) Futures Analysis – Failure to Hold 24889 Could Trigger Steep Break

    E-mini Dow futures settled slightly higher last week, bucking the trend of the other two major indexes. However, it also gave back most of its gains from early in the week. Volume was low and the range was tight. Earnings and revenue reports were supportive, but comments from President Trump

    Read More
  • James Hyerczyk
    James Hyerczyk

    E-mini S&P 500 Index (ES) Futures Technical Analysis – Confirmation of Reversal Top Could Drive Index Into 2755.25

    E-mini S&P 500 Index futures reached their highest level since February 2 last week before turning south and posting a potentially bearish closing price reversal top on the weekly chart. Strong earnings and revenue reports kept the rally alive early in the week, but investors decided it may have been

    Read More
  • James Hyerczyk
    James Hyerczyk

    Crude Oil Price Update – Trader Reaction to $67.99 will Determine Direction This Week

    U.S. West Texas Intermediate crude oil futures had an up and down week before settling lower. Most of the damage to the downside was accredited to additional supply from Libya and speculation the U.S. may open its strategic reserve if prices were to rise too rapidly.For the week, September WTI

    Read More
  • James Hyerczyk
    James Hyerczyk

    Gold Price Futures (GC) Technical Analysis – Trading on Weak Side of Long-Term Fib Level at $1250.00

    Gold futures finished lower last week after hitting its lowest level since the week-ending January 13, 2017.December Comex Gold futures settled at $1240.40, down $11.50 or -0.92%.The price action was primarily driven by the movement in the U.S. Dollar. The Greenback was pushed higher by hawkish testimony before Congress by

    Read More
  • James Hyerczyk
    James Hyerczyk

    AUD/USD Forex Technical Analysis – Move Through .7484 Changes Minor Trend to Up

    The Australian Dollar finished slightly lower last week, but the strong finish at the end of the week suggests upside momentum may be building. The trade last week can best be described as volatile and two-sided.The AUD/USD settled at .7418, down 0.0006 or -0.09%.The price action was primarily driven by

    Read More
  • Christopher Lewis
    Christopher Lewis

    S&P 500 Weekly Price Forecast – S&P 500 lackluster during the week

    The S&P 500 has done very little during the week, but then again we have rallied roughly 100 points over the last handful of sessions. Because of this, I think the market is getting a bit exhausted, and now we are trying to churn to build up enough momentum to

    Read More
  • Christopher Lewis
    Christopher Lewis

    Silver Weekly Price Forecast – Silver markets test crucial support for the week

    Silver markets had a rough week, initially gapping lower on Monday, and then breaking towards the $15 level underneath. However, we have turned around of form a bit of a hammer, mainly due to the words of Donald Trump, suggesting that perhaps interest rates in America need to be kept

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Weekly Price Forecast – crude oil struggles again

    WTI Crude OilThe WTI Crude Oil market fell significantly during the week, touching as low as $67.30. It looks as if the negativity could continue, but as you can see on the chart I have an uptrend line that coincides roughly with the $66 level. If we break down below

    Read More
  • Christopher Lewis
    Christopher Lewis

    Natural Gas Weekly Price Forecast – natural gas market forms a hammer

    If you want to trade natural gas from a longer-term standpoint, the first thing I would tell you is stick to the CFD market. Quite frankly, the futures market gets to be a bit expensive, unless you have the appropriate trade size. As you can see, I have four lines

    Read More
  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets looking for support

    We’ll markets initially fell during the week but found enough support near the $1215 level to turn around and form a candle that could be loosely translated as a hammer. That’s a good sign, and quite frankly the gold market is oversold so it would not surprise me at all

    Read More
  • Christopher Lewis
    Christopher Lewis

    USD/JPY Weekly Price Forecast – dollar rallies towards ¥113, but then rolls over

    The US dollar has enjoyed a nice run higher against the Japanese yen during most of the year. However, we ran into a major resistance barrier in the form of the ¥113 level, which I believe extends to the ¥115 level. I do believe we eventually go higher but being

    Read More
  • Christopher Lewis
    Christopher Lewis

    GBP/USD Weekly Price Forecast – Sterling finds support

    The British pound has taken a bashing over the last several weeks, as the Brexit negotiations are not going very well. Compounding that, the British government can’t seem to decide on what to do so it makes sense that Sterling fell. However, it seems as if there is a significant

    Read More
  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Weekly Price Forecast – Sterling falls but has support underneath

    The British pound fell during the bulk of the week, at least against the Japanese yen. The ¥145 level underneath looks to be important still, and I believe that there are plenty of value hunters underneath there to try to keep the market afloat. However, if we were to break

    Read More
  • Christopher Lewis
    Christopher Lewis

    EUR/USD Weekly Price Forecast – Euro finds support again

    The EUR/USD pair continued to be very choppy during trading this past week, using the 1.15 level as support and the 1.1850 level above as resistance. We ended up forming a bit of a hammer, and that of course is a bullish sign, but we also have a lot of

    Read More
  • Christopher Lewis
    Christopher Lewis

    AUD/USD Weekly Price Forecast – Aussie bounces yet again

    The Australian dollar has found support yet again on a bounce from the 0.7325 region, as the 0.7350 handle looks to be the beginning of massive support. We have formed a hammer for the week, just like we did the week before and several weeks before that. Overall, I believe

    Read More
  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast – S&P 500 choppy to end the week

    The S&P 500 was very volatile during the trading session on Friday, reacting to the 2800 level as an area of significant support and resistance in the past. I think that the market is also reacting to tweets by Donald Trump, suggesting that the interest rate hikes coming from the

    Read More
  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver rallies on Trump comments

    Looking at the longer-term charts, it makes sense that we bounced where we did. However, this was mainly predicated upon a tweet, and doesn’t necessarily mean that there is major demand quite yet. I think that pullbacks could be buying opportunities, just as a break above the $15.60 level would

    Read More
  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets gapped lower on Friday

    WTI Crude OilThe WTI Crude Oil markets gapped lower to open up the Friday trading session. It’s obvious that there is a lot of bearish pressure here, I think at this point crude oil will probably continue to struggle. The US dollar continues to strengthen, and that of course works

    Read More
  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas markets flat on Friday

    Natural gas markets were a bit flat during the day on Friday, showing signs of exhaustion after an explosive move late on Thursday. I think that natural gas markets will continue to struggle overall with oversupply and of course the strengthening US dollar longer-term. I believe that the $2.70 level

    Read More

Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.1719
+0.0067
+0.57%
GBPUSD
GBP/USD
1.3133
+0.0113
+0.87%
XAUUSD
Gold
1231.8
+8.6600
+0.71%
CL
Crude Oil
68.115
+0.0050
+0.01%
SPX
S&P 500
2803.0
-3.2500
-0.12%
DAX
DAX 30
12532.2
-118.25
-0.93%
Live Quotes

Top Promotions

Top Brokers