Technical forecast for WTI Crude

WTI Crude unable to reach 9445 in a near 3 month bear trend & as expected we saw lower prices at the start of the week.Immediate resistance at 9320 & below here keeps the market under pressure risking a retest of Nov lows at 9255/50.

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Technical forecast for GBP/USD

GBPUSD could not sustain a break above 1.6140 & saw a drift lower towards 1.6070 which was expected to hold & we bottomed almost exactly here at 1.6077.

Technical forecast for EUR/USD

EURUSD held support at 1.3325/20 & held 1.3370/80 all through the session until the FOMC announcement. We then tore through August highs at 1.3450 to reach 1.3541. We

Technical forecast for GBP/USD

GBPUSD held trend line support at 1.5895/85 & shot higher on the FOMC to reach 1.6163. A break above 1.6178 today signals further gains towards a target of

Technical forecast for S&P 500

Emini S&P Dec13 held immediate support at 1692 then rocketed higher through 1718/19 to set a new all time high at 1723. Above here today look for 1728/29

Technical forecast for Spot Gold

Spot Gold rocketed through all resistance to gain almost $80 in a day & reach 1365. This happens to be 50% Fibonacci resistance so only a break above

Technical forecast for USD/JPY

USDJPY broke 98.25/20 to reach 97.73. We are now testing resistance at 98.41 but above 98.50 allows a move towards resistance at 98.77/83. This area could hold the

Technical forecast for USD/JPY

USDJPY recovered above support at 98.76/70 & has beaten resistance at 99.15 as we look to 99.45/50 for a selling opportunity with stops above 99.75. We can then

Technical forecast for Spot Gold

Spot Gold tested resistance at 1335/37 to take profit as expected & saw a high for the day as predicted. Prices then sold off to retest of 1307/05

Technical forecast for GBP/USD

GBPUSD topped at 1.5963 & fell back to support at 1.5895/85 which has held the downside as expected so far at least. However the outlook is quite negative