Technical forecast for Spot Gold

Spot Gold edged higher but only as far as 1384. We then fell to our buying opportunity at 1357/55 with a low for the day expected.

Continue Reading...

Technical forecast for WTI Crude

WTI Crude first support at 106.60/50 did hold the downside again as expected. However a break lower looks more likely today for a test of good support at

Technical forecast for Natural Gas

Natural Gas held strong Fibonacci resistance at 3.439 which was our a selling opportunity. We predicted an end the correction & a turn lower. Exactly as expected we

Technical forecast for Spot Gold

Spot Gold hit the 100 day moving average at 1375 & struggled as expected being overbought, topping at 1379.60. However at this stage it’s unwise to look for

Technical forecast for Gasoil

Gasoil September beat April highs at 940 & closed above here as we now look for a test of 944.50/00. We are very overbought so this could hold

Technical forecast for RBOB

RBOB Gasoline saw some profit taking before the weekend as expected & tested support at 296, overrunning to 295 before a bounce. We could continue lower today to

Technical forecast for Brent Crude

Brent Crude broke 109.92-110.05 keeping the up trend for the target of 110.76 & topped almost exactly here at 110.70. You cannot bet against a break higher today

Technical forecast for WTI Crude

WTI Crude hit the 107.99/108.05 target with trend line resistance at 108.25/35 limiting the topside as predicted. We then bounced off the first support at 106.60/50 exactly as

Technical forecast for EUR/USD

EURUSD broke lower but bounced just above next support at 1.3195/90 & rocketed to resistance at 1.3335/40 with a high for the day expected. Stops above 1.3365 were

Technical forecast for Eurostoxx

Euro Stoxx Sep13 broke 2837 & eventually hit the target of 2806/02. We bottomed exactly here & bounced sharply but face resistance at 2838/41. We should turn lower