Forecasts & Analysis, Page 5

  • Bob Mason
    Bob Mason

    Bitcoin Cash – ABC / SV, Litecoin and Ripple Daily Analysis – 17/11/18

    Bitcoin CashBCH ABC and BCH SV continued to see choppy waters on Friday.For Bitcoin Cash ABC, it was a particularly bearish Friday, sliding by 15.89% to end the day at $256.25, the only positive being a recovery from a late intraday low $243.88, though this may provide little comfort to

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  • David Becker
    David Becker

    Natural Gas Price Prediction – Prices Rally 7% Closing the Week Up 16%

    Natural gas prices whipsawed testing support and then surging higher to close up more than 7% on the session.  This weeks roller-coaster ride was rumored to have been driven by a short-squeeze which forced traders that were short natural gas and long oil to dump their positions.  The lower than

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  • David Becker
    David Becker

    Gold Price Prediction – Gold Continues to Rebound Following Soft US Industrial Production

    Gold prices surged higher on Friday as the dollar eased against most major currencies. US yields continued to have difficulty breaking out despite a stronger than expected retail sales report on Thursday. Friday softer than expected industrial production, appears to be the catalyst that drove yields lower.Technical AnalysisGold prices surged

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Weekly Price Forecast – stock markets continue to look rough

    The S&P 500 broke down during the week, reaching as low as 2680 at one point, before bouncing rather significantly. The 2750 level is an area that has attracted a lot of attention, and we recently had seen the market struggle at the 2800 level as well. If we can

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  • Christopher Lewis
    Christopher Lewis

    Silver Weekly Price Forecast – Silver markets form a hammer for the week

    Silver markets broke down initially during the week, slicing below the $14 level. However, we turned around of form a hammer, which is of course a bullish sign. The market continues to look at the $15 level above as resistance, and I think at this point it’s likely that the

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Weekly Price Forecast – crude oil markets continue to look negative

    WTI Crude OilThe WTI Crude Oil market broke down during the course of the week, reaching down to the $55 level, an area that of course offers a lot of psychological significance. The area has been supportive in the past, so it’s not a huge surprise that the market bounced

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Weekly Price Forecast – natural gas markets break out

    Natural gas markets exploded to the upside and towards the $5.00 level. However, we gave back quite a bit of the gains to show signs of overextension. Ultimately, this is a market that has got ahead of itself so I think that you can start to fade this rally. This

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  • Christopher Lewis
    Christopher Lewis

    Gold Weekly Price Forecast – Gold markets bounced from the trendline

    Gold markets initially fell during the week but turned around to bounce from the $1200 level. By doing so, we ended up forming a bit of a hammer, which is a bullish sign. However, I think at this point we could reach towards the $1250 level. If we break above

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Weekly Price Forecast – US dollar falls against Japanese yen for the week

    The US dollar pulled back significantly during the week, as the ¥114.50 level continues to offer major resistance. I think at this point, the uptrend line underneath should continue to offer buying pressure, and the ¥112 level course has been important more than once. I think we are either going

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Weekly Price Forecast – British pound continues to show volatility

    The British pound went back and forth against the US dollar during the week, ultimately settling on a relatively neutral looking candle, which is a bit of a victory considering how things have been going. With the resignation of several members of the cabinet, Teresa May finds herself on the

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  • Christopher Lewis
    Christopher Lewis

    GBP/JPY Weekly Price Forecast – British pound rolls over for the week

    The British pound has initially tried to rally during the week but rolled over at the downtrend line to keep the down trending channel intact. The ¥145 level looks to be important, and therefore it’s not a huge surprise that we have seen a bit of support. If we break

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  • Christopher Lewis
    Christopher Lewis

    EUR/USD Weekly Price Forecast – Euro initially falls but finds buyers towards the end of the week

    The Euro initially fell during the week but found enough support near the 1.12 level to turn around and bounce significantly. On Friday, we reached towards the 1.14 handle, giving us an opportunity to form a bit of a hammer. This goes in direct competition with the shooting star or

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  • Christopher Lewis
    Christopher Lewis

    AUD/USD Weekly Price Forecast – Australian dollar finds buyers for the week

    The Australian dollar initially fell during the week, only to turn around and bounce rather significantly. We have broken slightly above the shooting star from the previous week, which of course is a very bullish turn of events. This suggests that perhaps the Australian dollar can continue to go higher,

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  • Christopher Lewis
    Christopher Lewis

    S&P 500 Price Forecast – stock markets quiet on Friday

    The S&P 500 initially fell during the trading session on Friday but turned around to bounce a bit in order to wipe out a lot of the negativity. Quite frankly, this is a market that is probably exhausted, and therefore I don’t think that people will be looking to put

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  • Christopher Lewis
    Christopher Lewis

    Silver Price Forecast – Silver markets continue to churn higher

    Silver markets continue to be positive during the Friday session, but I think at this point we have a lot of selling pressure above, I think signs of exhaustion are probably going to present themselves, and they should be selling opportunities. At this point, I believe that the $14 level

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  • Christopher Lewis
    Christopher Lewis

    Crude Oil Price Forecast – crude oil markets rolling over late on Friday

    WTI Crude OilThe WTI Crude Oil market initially tried to rally during the session here on Friday but have given back quite a bit of the gains, and it looks as if it is struggling to hang onto the gains from the session. The fact that we struggle is in

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  • Christopher Lewis
    Christopher Lewis

    Natural Gas Price Forecast – natural gas markets claw back some gains for Friday

    Natural gas markets gapped lower to kick off the trading session on Friday, and we did of course rally rather significantly. However, this is a market that has gotten a bit ahead of itself, and I think what we are seeing now is a situation where the market is of

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  • Christopher Lewis
    Christopher Lewis

    Gold Price Forecast – Gold markets continue to show signs of resiliency

    Gold markets bounced off a major trendline earlier in the week at the $1200 level. Because of this, I think the market is trying to recover a bit of bullish pressure, and the 50 day EMA has been broken to the upside. That’s a good sign, but the $1250 level

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  • Christopher Lewis
    Christopher Lewis

    USD/JPY Price Forecast – the US dollar breaks down against yen

    The US dollar fell significantly against the Japanese yen during trading on Friday, breaking the back of a hammer from Thursday, but quite frankly there’s so much support underneath it’s very difficult to think that the market has suddenly changed its attitude for the long term. This is an algorithmic

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  • Christopher Lewis
    Christopher Lewis

    GBP/USD Price Forecast – British pound bounces slightly into the weekend

    The British pound has bounced a slightly during the trading session on Friday, as the 1.27 level has been so supportive. We are currently in a descending triangle, which of course is a major pattern. The market continues to be consolidating but obviously with a very negative attitude. If we

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