Expert Technical Analysis for Global Markets, Specialising in Energy
in Aluminium, LME Base Metals, Metals, Technical Analysis, Trading
Aluminium on the LME is back at its recent highs.
3684 was yesterday’s high. 3690 was last week’s high. This was the highest print since March 2022 when it spiked up to 4073.50 and promptly fell over, as you can see from our Monthly chart.
As well as Aluminium we also cover LME …
in EUA Carbon Emissions, European Gas/Carbon/Power, Oil/Gas/Energy Trading, Technical Analysis, Trading
Following on from last week’s EUA Carbon Blog post, we saw weakness on Friday down to 71.25.
What did we say to clients in this morning’s report on the back of this? Here we go:
Candlestick Chart & Technical Analysis
•Short term Trend: Bearish
The high on the 8th (58.87) immediately became a support level. And it’s worked out rather nicely, holding almost to the tick on the pullback we saw on Monday.
“Know your levels” over Article 50!
We live in interesting times and as well as keeping an eye on the news (and the latest tweets from Mr Trump!) it is also worth having an eye on the charts.
With this in mind we are offering 2 months FREE daily analysis covering FTSE Futures and Cable (GBPUSD) to any former clients, …
When I first started FuturesTechs in 2000 the Bund was the main contract that our clients were watching. I still think of it as our “Flagship” report to this day (even though we probably have more readers for our commodity and Equity Reports!) , and we won the Technical Analyst Magazine Award for Fixed Income in 2010 (reaching the final …
Our clients are short the miners and banks – are you?
Over the last few weeks our viewing of the Technical Analysis charts has seen us increasing our bearish slant on the FTSE, mainly citing Financials and Miners as the sectors looking most vulnerable.
Last week we issued short trade recommendations in BHP Billition at …