Forecasts & Analysis | , Page 2
S&P 500 Price Forecast – Stock Markets Pullback to Look For Buyers
The S&P 500 pulled back a bit during the trading session on Friday as we continue to see a little bit of easing of bullish pressure. That makes sense though, considering that the weekend is coming and there are plenty of headline risks out there.
Silver Price Forecast – Silver Markets Rallied Into The Weekend
Silver markets rallied into the weekend to gain yet again on Friday. The $18.50 level looks to be a little bit of resistance, but quite frankly this point I think it’s only a matter of time before the market breaks through there due to central banks to loosening monetary policy.
Crude Oil Price Forecast – Crude Oil Markets Continue to Fight
Crude oil markets initially fell during the trading session on Friday but found enough support to turn around and make another attempt to rally.
Natural Gas Price Forecast – Natural Gas Markets Looking For Range
The natural gas markets fell during the trading session on Friday, meaning testing the potential range that the market is trying to find.
Gold Price Forecast – Gold Markets Reach Even Higher
Gold markets rallied rather significantly during the trading session on Friday, as the fear out there continues to get worse. At this point, the market is likely to continue to look at pullbacks as trading opportunities.
U.S. Dollar Index Futures (DX) Technical Analysis – 99.040 Potential Trigger Point for Downside Acceleration
Based on the early price action and the current price at 99.180, the direction of the March U.S. Dollar Index into the close on Friday is likely to be determined by trader reaction to the minor pivot at 99.200.
NZD/USD Forex Technical Analysis – Close Over .6332 Forms Closing Price Reversal Bottom
Based on the early price action and the current price at .6353, the direction of the NZD/USD into the close on Friday is likely to be determined by trader reaction to the downtrending Gann angle at .6348.
USD/JPY Forex Technical Analysis – Needs to Hold Above 111.580 to Sustain Upside Momentum
Based on the early price action and the current price at 111.734, the direction of the USD/JPY the rest of the session on Friday is likely to be determined by trader reaction to the long-term angle at 111.580. This angle was tested earlier today.
USD/JPY Weekly Price Forecast – US Dollar Breaks Out For The Week
The US dollar broke out to the upside during the trading week, finally clearing the ¥110 level. At this point, the market is likely to see more bullish pressure, but Friday was a bit soft.
GBP/USD Weekly Price Forecast – British Pound Looking for Buyers
The British pound has fallen during most of the week but seems to be paying attention to the 1.29 level as support. Nonetheless, this is a very messy market due to the fact that the US dollar is on the other side of it.