Forecasts & Analysis

The stock markets have drifted a little bit lower on Tuesday, reaching down towards the 50 day EMA again. The 3400 level seems to be offering resistance.

Silver markets tried to rally for the trading session on Tuesday but pulled back from the 50 day EMA to form a less than impressive candlestick.

Crude oil markets continue to look very soft, as we had recently sold off drastically, only to form a less than impressive candlestick for the trading session.

The e-commerce juggernaut may be carving a head and shoulders topping pattern.

The natural gas markets gapped slightly lower and drifted downward, but at the end of the day it still looks very bullish as we are far away for filling the gap.

Gold markets continue to go sideways overall, as we have formed yet another neutral candlestick in the same region that we have been in for several days.

Oil is trying to settle above the $39 level.

The direction of the December E-mini Dow Jones Industrial Average is likely to be determined by trader reaction to 27627 and 27729.

Today, indices may be going higher but price action says that this is just a typical movement of the broken support being tested as the closest resistance.

Silver failed to settle above the 50 EMA at $24.55 and is trying to gain downside momentum.