Forecasts & Analysis

Prices hold support

Natural gas markets have broken to the upside during the week, after initially gapping lower. By filling the gap in rallying, it shows how bullish this is.

Gold markets initially tried to rally during the week but gave back the gains to form a bit of a shooting star. We are dancing around the $1900 level.

Prices edge higher for the week

Holding above 3431.75 will indicate the presence of buyers. The first upside target is 3471.75. This is a potential trigger point for an acceleration.

The risk of either debt crisis or inflation outbreak to devalue the indebtedness should support the demand for gold as a safe-haven and as an inflation-hedge.

The direction of the December E-mini NASDAQ-100 Index into the close is likely to be determined by trader reaction to 11550.50.

Crude oil markets initially tried to rally during the trading session on Friday but as we have seen more than once, the market has pulled back.

The S&P 500 has rallied a bit during the trading session on Friday only to turn around and give back the gains. The 3400 level is massive support.

The silver markets initially tried to rally a bit during the trading session on Friday but gave back the gains to break below the 50 day EMA.