TECHNICALS: WEEKLY CHART The market’s double failure at the 3050 High is very troubling for the bulls. Note the support at the 50% pull-back which has already forced a substantial bounce once before… But there is no...
Read MoreThe USD/CHF chart has continued to grind lower during 2011, offering little reason to suggest a change in trend is due. There is now one small sign of bear fatigue, but further signs are required before a recovery is presumed....
Read MoreThe fall back in Cocoa prices from a multi-year peak in early March recently found interesting Fibo support which the market seems reluctant to break through — is a temporary recovery just round the corner? MONTHLY CHART...
Read MoreThe S&P is looking vulnerable to further downside price action. Early last week, the market looked set to snap out of what then looked like a correctionm but a run of weak data, that began with the ISM Manufacturing survey...
Read MoreIn March the sharp spike down in USD/JPY and rapid reversal gave a bull signal, and subsequent weakness is still viewed as corrective ahead of another upward push. WEEKLY CHART Note how the Mar sharp sell-off saw a test of the...
Read MorePrice swings in Natural Gas have so far avoided giving a clear directional signal in 2011. Latest strength has brought the market to key resistance, and a breach would provide an initial green light to the bulls. WEEKLY CHART...
Read MoreBulls have been making the running in AUD/USD but this is another market where a key reversal week was seen, in early May, which could encourage a better pullback phase. MONTHLY CHART The bull move here recently overcame...
Read MoreThe surge in Silver came to a halt in Apr, and subsequent pullback was sharp. Interesting Fibo levels have recently provided support but we remain on the lookout for a further bear advance. WEEKLY CHART -CONTINUATION The sharp...
Read MoreTECHNICALS: MONTHLYCHART We last wrote about the Euro on 14th April when the wedge had just been completed….there has been a pause since, within which there has been a retest of the breakout levels…. DAILY CHART...
Read More2011 has so far favoured the bears in Sugar, following the test of a long term Fibonacci level which provided strong resistance. Certain supports have been reached, or neared, which suggest a recovery phase is in the offing....
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