what's next for the S&P500 ? price is currently flirting with a major resistance level, a break above this level may enhance a bullish move higher as there will be huge amount of market orders sitting above this level. we may see some choppy price action before the market decide where to go next.
I wouldn't be surprised if we achieved all time highs as the...
Gold took a hammering this week due a rising dollar, as you can see we have been on a uptrend on gold the last few months due to all the political and economic uncertainty in the world. Gold is a safe haven asset and during times of Risk Off sentiment in the markets investor bid gold up, as they look to protect their capital from other markets.
As you can see we...
Fundamentally silver is one of the most undervalued asset on the market. I believe this year at some point we will see a breakout to the upside on silver, price is currently showing a coil pattern. The silver market is one of the smallest in the world and any significant order can cause price to move fast. I believe smart money has been accumulating long...
After a break above £75 last week which proved to be a strong psychological resistance level for oil. Going into this week we still have strong bullish momentum although finding new resistance around £77.50 after a failed attempt to close above this price. We may see this level holding for a few days before we see a clear direction again. I believe we are still...
Price is currently finding strong resistance around £75 and support around the £73 area. After a strong bearish move today of around 225 pips from our resistance level price is currently finding support around £72.50 area, a break of this level may see the market sell off until our next area of support at £71.50 .
My bias for oil is Bullish due to the current...
Gold is currently in a large ranging market, with strong resistance around the $1366 area and finding support around the $1310 area. My long term outlook for gold is bullish possibly seeing $1400 before the end of Q3. In the short term I believe we will see more selling pressure before finding new buyers around $1300. Before we see $1400 we would have to break and...
