in Commentary, Technical Analysis

Silver Technical Analysis for 26th September

Our clients will be well aware that we have been getting increasingly bearish of Silver in recent days. Let’s have a look at what has prompted this shift in sentiment.
“Bigger picture” charts have a major Fibonacci resistance at 35.16. This is 38.2% of the sell off from the 2011 high. Shorter term Fibonacci retracement analysis suggested 35.12 might be a reference …

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in Commentary, Technical Analysis

Natural Gas Technical Analysis for 15th August

Our Natural Gas commentary from this morning highlighted a developing pattern that suggests yesterday’s gains presented a selling opportunity. Here’s a snippet from our report:
I’ve added a line to today’s chart which is slightly tentative but may be confirmed by price action today if we keep 2.837-2.857 in the resistance column.
The line is a Neckline, classing recent price …

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in Commentary, Technical Analysis

FTSE Technical Analysis

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 …

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in Technical Analysis

Gold Technical Analysis

In yesterday’s Gold report we wrote: “Are we on the cusp of something trend changing, or will the bulls rescue things once more by keeping us above 1524? We could well have the answer to this by the end of the day”.
We saw a break of 1524, and on a closing basis, so here’s what we sent …

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in Technical Analysis

Gold Technical Analysis

We have posted today’s Gold comment below. In European trade we have seen a hold of our key support level of 1486.9-1487.7, so the trendline is holding firm, suggesting this is a buying opportunity. We now need to see 1500 taken out…
Today’s comment, sent to our clients at 07.30am (UK time):
Gold struggled with $1500 yesterday, pretty much …

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in Technical Analysis

Gold Technical Analysis – Holding trend support.

Today’s Gold report from FuturesTechs focused on the trend support line that’s doing a job right now, and we switched back to a bullish stance, thinking that the market can head higher from here, making this a buying opportunity.
From yesterday: “I’m tempted to go with a green SkewBar above 1477/1480/1482 as this is a strong area of support …

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