-
- Silver Weekly Price Forecast – Silver markets tread water for the week
- Silver markets were choppy during the week, in a relatively tight range just as all other precious metals were. This market seems to be respecting the $15.25 level for support, an area that has been touched a couple of times on the weekly chart. I think t...
-
- Crude Oil Weekly Price Forecast – crude oil markets show signs of life at the end of the week
- WTI Crude OilThe WTI Crude Oil market has found a bit of a reprieve after initially trying to rally, finding a ton of selling at the $70 level, and then breaking below the $67 level for the briefest of moments. Friday was bullish enough to convince me tha...
-
- Natural Gas Weekly Price Forecast – natural gas gains again
- Natural gas markets initially fell during the week but then turned around to rally towards the $2.95 level. We have found some resistance there, but I think the major resistance is closer to the $3.00 level above, an area that I think will bring in a lot...
-
- Gold Weekly Price Forecast – Gold stabilizes for the week
- Gold markets were relatively messy during the week, but in a tight range. This is actually good news for gold, as it had been selling off so relentlessly over the last couple of months. The question now is whether or not we can break down below the $1200...
-
- USD/JPY Weekly Price Forecast – pair very choppy for the week and going nowhere
- The US dollar has been very choppy against the Japanese yen during the week, as we hover around the ¥111 level. This is a market that is very risk sensitive, but at the same time the US dollar has been enjoying strength against other currencies,...
-
- GBP/USD Weekly Price Forecast – British pound falls again
- We have approached a major support level, an area that is supported by a couple of hammers back in June 2017. I suspect there’s probably a bounce coming, because not only do we have those hammers there but we also have the 61.8% Fibonacci retra...
-
- GBP/JPY Weekly Price Forecast – British pound struggles again during the week
- The British pound it certainly had a rough week, losing ground against pretty much every currency that I follow. The Japanese yen of course was going to be no exception, as we went reaching towards the ¥140 level, an area that I think will cause...
-
- EUR/USD Weekly Price Forecast – Euro breaks support
- The EUR/USD initially tried to rally during the week but found the lot of selling pressure as it tried to rally. By finding that pressure, we had seen the market reverse and break down below the 1.15 handle, which of course is a very negative turn of even...
-
- AUD/USD Weekly Price Forecast – Australian dollar testing support again
- The Australian dollar initially tried to rally during the week but continued to struggle as there have been a lot of concerns when it comes to the Sino-American trade relations. That has a direct effect on the Australian dollar as it tends to mirror what...
-
- S&P 500 Price Forecast – S&P 500 drops to end the week
- The S&P 500 dropped during the trading session on Friday, as we are starting to get a bit overstretched. It makes sense that the market needs to take a breather after the recent run higher, and quite frankly it’s probably a good thing for t...
-
- Silver Price Forecast – Silver markets very noisy during the trading session on Friday
- Silver markets continue to be very noisy but restrained within a well-defined consolidation area. The consolidation area has support formed at the $15.25 level, and resistance at the $15.50 level. I believe that the market will continue to be very noisy o...
-
- Crude Oil Price Forecast – crude oil breaks out to the upside
- WTI Crude OilThe WTI Crude Oil market was very noisy during the trading session on Friday, slicing through the $67 level, an area that needed to hold for the bullish case for crude oil to continue. At this point, the supply is probably a bit tighter than...
-
- Natural Gas Price Forecast – natural gas markets slightly lower on Friday
- Natural gas markets fell slightly during the Friday session, but quite frankly it wasn’t much of a loss. What’s even more concerning than that is the situation on the longer-term charts. The $3.00 level is a major barrier that I have...
-
- Gold Price Forecast – Gold markets very choppy on Friday session
- Gold markets were very noisy during the day on Friday, as we continue to bounce around the $1210 level. I believe that the $1200 level underneath is a major barrier, not only structurally, but possibly from a psychological standpoint as well. I think that...
-
- Bitcoin and Ethereum Price Forecast – BTC Prices Rebound from Support
- As expected, the BTC rebounded from the lows of the range and are now trading in the $6500 region as of this writing. We had mentioned about the possibility of this rebound in our forecast yesterday but we had also said that as long as the prices continue...
-
- GBP/USD Daily Price Forecast – GBPUSD Tests 1.280 Handle Ahead of London Market Hours
- The British pound went sideways during most of the trading session on Thursday and early Asian market hours today saw the pair trade range bound ahead of a busy Friday’s London market hours. The pair is continuing to be plagued by Brexit woes,...
-
- Gold Price Futures (GC) Technical Analysis – Series of Inside Moves Suggest Investor Indecision, Imp
- Gold futures are trading flat early Friday after closing lower the previous session. Once again, the market tried to rally but the buying dried up as it approached nearby resistance at $1228.60. Gold is currently trading inside its August 3 range at $1212...
-
- EUR/USD Daily Price Forecast – EUR/USD Falls below 1.15 Handle Ahead of US CPI Update
- The Euro was very choppy during the session on Thursday as Brexit Woes have started to haunt European market, however EURO got a small breather in early Asian hours as US PPI data was a huge disappointment.  The pair is moving range bound around...
-
- NEM’s XEM Technical Analysis – Support Levels in Play – 10/08/18
- Key HighlightsNEM’s XEM gained 4.81% on Thursday, partially reversing Wednesday’s 11.79% slide, to end the day at $0.12454.A late morning intraday low and new swing lo $0.11616 saw NEM’s XEM call on support at the first ma...
-
- Bitcoin Cash, Litecoin and Ripple Daily Analysis – 10/08/18
- Bitcoin Cash Back to $600Bitcoin Cash gained 3.3% on Thursday, partially reversing Wednesday’s 10.27 tumble, to end the day at $608.6.A relatively range bound start to the day saw Bitcoin Cash struggle to break back through $600, leading to an...
-
- S&P 500 Price Forecast – S&P 500 continues to find resistance above
- The S&P 500 rallied a bit during the trading session on Thursday, reaching towards the 2860 handle. The market down sellers at that level yet again, as it has been resistive for the past several days. By doing so, I think we are trying to consolidate...
-
- Silver Price Forecast – Silver markets find resistance at large number
- Silver markets tried to rally initially during the trading session on Thursday, reaching towards the $15.50 level above. That’s an area that is very important as far as I can see, as we have seen sellers jump into that area more than once. I be...
-
- Crude Oil Price Forecast – crude oil trying to form base
- WTI Crude OilThe WTI Crude Oil market has been very choppy during the trading session on Thursday, dancing around the $67 level. This is an area that has been supported on longer-term charts, so it makes sense that we would see a bit of interest in this a...
-
- Natural Gas Price Forecast – natural gas markets sideways on Thursday
- Natural gas markets were very choppy during trading on Thursday, with the market hovering just below the beginning of a resistance barrier. The resistance barrier is very significant, and I think that between here and the $3.10 level there is going to be...
-
- Gold Price Forecast – Gold markets drift sideways
- Gold markets have rallied slightly during the day on Thursday, only to give back most of the gains, and then bounce again. As I record this, the market is essentially unchanged, which is a good indication of how markets around the world have been behaving...