Things might be happening in the Euribor. Below I’ve posted the last couple of days’ analysis for the June ’13 contract to paint the picture:
Yesterday:
June ’13 is testing the top of a channel that’s been on our chart for a while, in fact the this line gave us Friday’s 99.765 high.
99.825 is the next target …
This morning’s support and resistance levels in the Eurostoxx 50 Futures included 2957 as an important reference above and 2925 as our first support below. It is Midday now (in the UK) and the range has been 2926-2958. This is the kind of reliability our customers depend on us for.
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Recent Candlesticks suggest Gold may be on the turn, at least temporarily, and momentum studies back up the idea. Let’s dig a bit further.
Figure 1: Gold Daily Candlestick Chart – September – November 2010
Figure 1 is a Daily Candlestick Chart for Comex Gold (all sessions). Last week we got up to a high of …
This is a quick summary of important candlestick patterns. It’s presumed that you know the basics of candles: if you don’t, see the article links in our Members Area.
Without further ado, let’s begin.
1. Bullish Marabuzo
Number of candles: 1.
Description: long green candle which opens near its low, and closes near its high.
Implications: BULLISH.
2. …