Expert Technical Analysis for Global Markets, Specialising in Energy
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 …
On July 17th Brent gave a buy signal from a “Head and Shoulders bottom” pattern. On that day we finished our commentary thus: 116.65 here we come!!!
Since then we’ve seen a rally to 108.18 then a pullback that held the broken Neckline, followed by another strong rally. Here are a few snippets from our analysis this week:
Monday:
Yesterday saw a rally in morning trade to 143.64, a level I missed as this was the 38.2% retrace of the losses from Thursday’s high. We posted a Shooting Star on the 30 minute chart at this high, then sold off to 143.07.
This is a tentative sign that the bears could have a say in coming sessions, …
Corn is at historic highs and is sustaining the bid above 800. Below is yesterday’s Weekly outlook from FuturesTechs. We also provide Support and Resistance levels for traders of all approaches and time frames.
Our Fibonacci work suggests targets of 843.6, 916.4 and 1034 if we can get through 800…”
799.2 capped upside in June …
Three charts to show you today:
Here is a Weekly showing the gently sloping DOWNTREND LINE that can be placed above the lower highs since the failure/high in October 2007.
What this shows is that the recent rise has taken us up a key juncture. This has pretty much defined the recent highs TO THE TICK.
The next chart …
As per our previous post, where we looked at how we’d done over the year in the Bund, here is a similar excercise for Brent Crude:
Brent has been through a volatile period this year and proved difficult for many investors and fund managers to trade successfully. At FuturesTechs we’ve called things pretty well, capitalising on the move up …
The kids have just finished school for the year and we’ve had their reports. I’m pleased to say all the little Lamberts have been working hard and doing well (mostly!!). But how have we done here at FuturesTechs Mews in 2011?
We took a look back at our reports for the Bund Futures over the year to see. You can …
So will it all get sorted this week? Can we enjoy Christmas safe in the knowledge that Merkel and Sarkozy have made good the Eurozone crisis, and that 2012 won’t be an annus horribilis for all of us?
If, like me, you read the Sunday Times yesterday you must have (like me!) struggled to get out of bed this morning, …
The last few days have seen some big swings either way in Equity markets.
“Where next?” I hear you ask! Our chief market analyst Clive Lambert was on CNBC last night trying to pick the bones out of this price action, looking at the S&P 500 Futures, FTSE Futures, and suggesting Fresnillo as a Stock to buy.
See it …
I have been on CNBC this morning talking about the outlook for the FTSE and Eurostoxx after a big week last week.The link for the interview is on our “Media” page here.
The crux of the comment was that the FTSE Futures broke higher to new territory for the year last Thursday, getting above it’s Arpil high at 5796.5. The …