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 …
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 …
A few days back we said: “Dips are being bought, the bulls are in charge, and we’re not going to be caught batting against such a solid trend. Oh no!”
The market is in a rampant mood now, and put on stellar gains yesterday, trading up to then through my 1340 target (we’ve been talking about this …
We’ve been asking 1131.50 to do a job as support and in the main it’s obliged.
The couple of times we haven’t held this level, yesterday being one, we’ve got down to 1127 before bouncing neatly.
We get the hint. We’ll be bulls above 1127, moving our green SkewBar area down to here.
But the market has been going sideways …
Here at Futures Techs we cover, on a daily basis, Brent Crude Oil, GasOil, NYMEX WTI (AKA Light Sweet Crude), Natural Gas and Carbon Emissions. Below is today’s comment and levels for Brent Crude, where we’ve seen a good move in recent sessions.
A bullish breakout on Wednesday was backed up beautifully by another strong session yesterday as we traded …
Yesterday’s low was 1135.50, which was more or less a hold of our S1 support at 1136.50, and was most definitely a hold of our first bold support at 1131.75.
We are still bullish then, and still hoping that 1150 will be taken out soon to see the market getting over this current bout of nerves.
Once through 1140 we …
The market looked damp right from the start yesterday, in fact even before the FTSE had opened the DAX and Stoxx had failed to hold gaps that they’d created with strong opens, so you could argue that the bulls had lost control of the impetus even before the FTSE opened.
But it never felt like it was going to be …
FuturesTechs has delivered seminars for 7 City Learning for many years, and their latest public course is on October 14th 2010.
This is a full days training with FuturesTechs’ Director Clive Lambert, introducing a wide range of Technical Analysis methods on a 1 day course at 7 City’s HQ in the City of London.
The day will …
After a strong session on Thursday that saw us back into positive territory we had a weak day on Friday, but we held above the 130.67 level that has now become our reference point to stay with the bulls.
So this looks like a buying opportunity in a market that is embarking on a resumption of an uptrend, a market …
The bears had the better of things yesterday as we sold off from 1134.50 to 1117.50 in European trade. When the day session kicked into life we caught a bid for a while, trading up to 1132.25 before a Shooting Star on many of the shorter term charts (15, 30 and 60 minute) put the kybosh on the bulls fun …