Earlier this year a half-hearted recovery attempt came to naught. The US Dollar Index is currently resting on a 76.4% retracement support –we wait to see if this provides a launch pad for a fresh recovery attempt. WEEKLY...
Read MoreAfter a recent s/term setback in Sugar an ensuing recovery has found resistance at previous levels. We wait to see if a more lasting pullback phase will get underway should prices keep easing. WEEKLY CHART –CONTINUATION...
Read MoreWEEKLY GOLD CHART The market’s run from the hesitation and pause at the 1980 high is clear. The resolution of that pause was the creation of a Head and Shoulders continuation pattern. That catalyst set in motion the next...
Read MoreAfter an early, short-lived recovery attempt this year market action has been fairly directionless. A recent fresh rebound off 2011 support has turned attention to key resistance levels which are the portal to a better recovery...
Read MoreThe sharp price reversal in EUA Carbon Emissions from the May high sidelined earlier bulls. Finally interesting support has emerged from two adjacent Fibo levels, prompting a bounce. WEEKLY CHART –CONTINUATION Following...
Read MoreIf the developed economies of the US. Euro zone and UK fall into recession, oil demand will weaken. The oil price over recent weeks has begun to price that in, but has it gone far enough? TECHNICALS: WEEKLY CHART The...
Read MoreUSD/CHF has been grinding lower through 2011 and recently the pace accelerated. A s/term halt and sharp rebound has followed, but at the moment this could only be temporary. WEEKLY CHART: The downtrend recently neared the 2.618...
Read MoreThe May/Jul recovery in Copper prices, from earlier Fibonacci support, stopped short of the Feb high and, now, the recent quick reversal has seen the market return to key supports on the daily and longer term charts. WEEKLY...
Read MoreAfter reaching a target on the long term chart AUD/USD has pulled back smartly, testing a pivotal Fibonacci support area. Bears will strengthen their ranks on a break of this. MONTHLY CHART: Note how clear resistance has been...
Read MoreThe strong rally in Brent Crude in July put bears on a cautious footing. However, a decisive reversal at Fibonacci resistance has kept the medium term bear outlook intact. BRENT WEEKLY CHART -CONTINUATION Earlier support around...
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