Technical Analysis and Outlook The WTI crude oil finished sharply lower on Oct 10, 11 sessions as it consolidates much of the declines off Oct high and completion of Oil Rally $76.20 . The lower range close establishes the stage for transforming from bullish to semi-neutral signaling that sideways to somewhat lower prices are likely to occur in near term. The...
Technical Analysis and Outlook Gold experienced one of its most vibrant days on Thursday as it opened under $1200 and closed whopping $30 higher, closing above critical Key Resistance $1214 price. A closure warrants a next Gold Rally of $1248 , along with major Key Resistance $1258 . On Friday Gold prices have retreated somewhat, giving back a $7.70 a part of...
Technical Analysis and Outlook The Euro Dollar finished higher on Friday session as it consolidates much of the declines in between Mean Resistance 1.1606 and Key Support 1.1344 threshold. The latest move establishes the signaling from slightly bullish to a bearish sentiment which is likely to occur in near term, while the 'VERY MAJOR' Yearly Low and...
Technical Analysis and Outlook Sugar closed at $1281 on Wednesday busting though Key Resistance $1268 . Prices are closing nearer the Sugar Rally $1327 each trading day. Profit taking may pull down the soft commodity to Mean Support $1236 following striking a four-month high $1302 today. The bulls hold the over-all near-term technical edge, since the...
Technical Analysis and Outlook The Dollar Index finished higher on Tuesday session as it consolidates much of the declines at Mean Support $95.04 . This closure establishes the stage for transforming from bearish to semi-neutral bullish signaling that sideways to mildly higher prices are likely to occur in near term. For the Bears first Mean Support is at...
Bitcoin Halving Reward and Price History Analysis: Bitcoin Price Target $404,626.62 by Jan 2022 Interpretation: 1) The orange vertical lines are 1 year before the bitcoin halving. The next 1 year out from halving is May 2019. The bitcoin market usually starts a bull market 1 year out from the halving. 2) The green vertical lines are the bitcoin halving...
Technical Analysis and Outlook Most Asian markets opened positive, while the Nikkei index is heading towards Mean Resistance 23499 after a higher closure on short covering and bargain hunting as expected. The Dead-Cat-Bounce stage advancement scenario might address the pullback target to Key Support 22316 or thereabouts .
Technical Analysis and Outlook The DAX advancement is heading towards Key Resistance 11980 after a slight pullback. The downside target is Mean Support 11631 or in particular case Key Support 1152 3.
Technical Analysis and Outlook The NASDAQ once again leading the way with plus 2.9% gain. The Dead-Cat-Bounce stage is heading towards Mean Resistance 7370 coming off the signal on Oct 11. The downside target is Mean Support 7067 , and 6970.
Technical Analysis and Outlook The SPX index closed solidly higher on Tuesday on short covering and bargain hunting as expected. The Dead-Cat-Bounce stage heading towards Mean Resistance 2839 : the downside target is Mean Support 2752 .
Technical Analysis and Outlook The DJI index closed solidly higher on Tuesday on short covering and bargain hunting as expected. The Dead-Cat-Bounce stage heading towards Mean Resistance 26070 .
Technical Analysis and Outlook Bears peeled off the Mean Resistance $95.99 signaling that lower prices are possible in the interim by targeting Mean Support $94.14 as well as inner Index Dip 94.08 (For the Bears). Once the Dollar Index extends its descent the outer Index Dip $93.45 will be very vulnerable. Aggressive Bulls can keep an eye on the Mean...
Technical Analysis and Outlook Small bullish rebound off minor-significant Key Support $152 freshly created and confirmed on Oct 10. This might signal mild higher prices to Mean Resistance $157.80 (Stage 2). In the event the equity extends the ascend by closing above Mean Resistance, this would suggest a short-term bullishness has been positioned with next ...
Technical Analysis and Outlook Bulls rebound from unfulfilled Stock Dip $1062 (In sympathy with other tech stocks up move ) signaling that higher prices are a possible interim by targeting Mean Resistance $1139.50 (For The Bulls). If the stock extends the ascend by closing above Mean Resistance, this would confirm that a short-term bullishness has been...
Technical Analysis and Outlook Bulls rebound from Mean Support $316.70 signaling that higher prices are a possible interim by targeting Mean Resistance $356.30 (Bull Stage). If the stock extends the ascend by closing above Mean Resistance $356.30, this would confirm that a short-term bullishness has been positioned with Key Resistance $381.50 . Bears will...
Technical Analysis and Outlook Bulls rebound from Stock Dip $1619.20 signaling that higher prices are a possible interim by targeting Mean Resistance $1870 (Stage 2). If the stock extends the ascend by closing above Mean Resistance $1870, this would confirm that a short-term bullishness has been positioned with Mean Resistance $2012.7 0. Bears will eye,...
Technical Analysis and Outlook Tesla bears are in total control of this stock since August 7. The Mean Resistance was a major culprit signaling that constant lower prices are driving this stock downwards. The interim possibility by revisiting Mean Resistance $275.90 might be in play. If the stock extends the ascend by closing above Mean Resistance $275.90, this...
Technical Analysis and Outlook Bulls rebound from Mean Support $214.50 signaling that higher prices are a possible interim by revisiting Mean Resistance $226.80 (Stage 3). If the stock extends the ascend by closing above Mean Resistance $226.80, this would confirm that a short-term bullishness has been positioned in relation to completed Stock Rally $232.60...