Forecasts & Analysis, Page 5

It’back in the red for 2 of the biggest crypto losers on Wednesday. Failure to recover to key levels would lead to another day of heavy losses.

It’s another bearish start to the day as Bitcoin pulls the broader market into the deep red. Things could get messy from here…

After a quiet start to the week, it’s a busy day ahead. On top of the PMIs and ECB minutes, there will also be a reaction to the FOMC minutes…

Fed minutes show a recalibration of rates

Natural gas prices tumbled on Wednesday ahead of Thursday inventory report from the Department of Energy. Expectations are for a 58 Bcf draw according to a poll conducted by Estimize. The weather is expected to turn cooler than normal throughout most of the mid-West during the next 6-10 and 8-14

Trump has also reversed his view on a tax cut

Stock markets rallied again during the trading session on Wednesday, waiting for the Federal Reserve Meeting Minutes. That being said though, the technical analysis of the stock market probably won’t change much, simply because we also have the Jackson Hole meetings going on.

The silver market has gone back and forth during the trading session on Wednesday as we continue to wait for some type of clarity when it comes to monetary policy from several central banks around the world. We know that they are all going dovish, the question is how dovish?

The crude oil markets have been very noisy as of late, and as a result it’s very likely that we will continue to go back and forth quite violently. Looking at this market, it’s very likely that we see a lot of trouble determining the trend in the short term.

Natural gas markets initially tried to rally during the trading session on Wednesday but continues to find plenty of selling pressure above as the 50 day EMA has been rather reliable. At this point, I think that the market probably continues to drift a bit of lower given enough time.

Gold markets pulled back a bit during the trading session on Wednesday but continues to find support underneath near the $1500 level. That being the case, it’s very likely that we will continue to see a lot of interest in gold as it has been such a bullish move lately.

The US dollar rallied a bit during the trading session early on Wednesday but continues to see a lot of resistance just above at the ¥107 level. At this point, it looks as if we are going to continue to see more of the same.

The British pound ran into a bit of resistance during the trading session on Tuesday but ran into the 1.22 level to roll over a bit. At this point, the question is whether or not we are trying to form some type of bottoming pattern?

The British pound rallied a bit during the trading session on Wednesday, but also pulled back. Now that we are looking at the ¥130 level, the question then becomes whether or not we can break above there. If we do, obviously that means a lot and if we don’t, that

The Euro has gone back and forth during the trading session on Wednesday, as we continue to hang around the 1.11 EUR level, which of course is an area that has attracted a lot of attention recently, as we await the Federal Reserve Meeting Minutes, and then of course the

The Australian dollar rallied a bit during the trading session on Wednesday, slamming into the crucial 0.68 level, an area that has caused resistance several times before. With this, the question then becomes whether or not we can break out?

Based on the early price action and the current price at 26198, the direction of the September E-mini Dow Jones Industrial Average on Wednesday is likely to be determined by trader reaction to the main 50% level at 26012.

Based on the early price action, the direction of the September E-mini S&P 500 Index is likely to be determined by trader reaction to the short-term 50% level at 2902.50.

Gold is in a long-term bull market but from time to time the market will go through periods of profit-taking and position-squaring. Additionally, traders are not always going to chase the market higher.

Based on the early price action and the current price at 1.1104, the direction of the EUR/USD on Wednesday is likely to be determined by trader reaction to the uptrending Gann angle at 1.1097.