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In the commodity market, gold hasn’t found the strength to continue its rally after five bullish sessions. The metal is down 0.35% to $1,884 – still close to its record high set in 2011. It likely has to do with investors’ profit-taking because fundamentals would support gold right now...
US equities have lost earlier gains and fell to relatively the same levels where they started on Monday. Nasdaq (-2.29%) has experienced the worst performance in a month, dragged down by mega-cap tech stocks...
Pivot (invalidation): 41.55 Our preference Short positions below 41.55 with targets at 40.80 & 40.30 in extension. Alternative scenario Above 41.55 look for further upside with 42.05 & 42.50 as targets...
Pivot (invalidation): 22.2300 Our preference Long positions above 22.2300 with targets at 23.2400 & 23.6600 in extension. Alternative scenario Below 22.2300 look for further downside with 21.8300 & 21.4800 as targets...
Pivot (invalidation): 1870.00 Our preference Long positions above 1870.00 with targets at 1898.00 & 1907.00 in extension. Alternative scenario Below 1870.00 look for further downside with 1861.00 & 1846.00 as targets...
Pivot (invalidation): 3253.00 Our preference Short positions below 3253.00 with targets at 3215.00 & 3198.00 in extension. Alternative scenario Above 3253.00 look for further upside with 3280.00 & 3293.00 as targets...
Pivot (invalidation): 13220.00 Our preference Short positions below 13220.00 with targets at 13060.00 & 12940.00 in extension. Alternative scenario Above 13220.00 look for further upside with 13310.00 & 13400.00 as targets...
Pivot (invalidation): 6.8500 Our preference Short positions below 6.8500 with targets at 6.8300 & 6.8200 in extension. Alternative scenario Above 6.8500 look for further upside with 6.8590 & 6.8660 as targets...
Pivot (invalidation): 0.7125 Our preference Short positions below 0.7125 with targets at 0.7085 & 0.7060 in extension. Alternative scenario Above 0.7125 look for further upside with 0.7140 & 0.7160 as targets...
Pivot (invalidation): 1.3370 Our preference Long positions above 1.3370 with targets at 1.3425 & 1.3455 in extension. Alternative scenario Below 1.3370 look for further downside with 1.3345 & 1.3320 as targets...
Pivot (invalidation): 0.9265 Our preference Short positions below 0.9265 with targets at 0.9220 & 0.9200 in extension. Alternative scenario Above 0.9265 look for further upside with 0.9285 & 0.9300 as targets...
Pivot (invalidation): 106.70 Our preference Short positions below 106.70 with targets at 106.20 & 106.00 in extension. Alternative scenario Above 106.70 look for further upside with 106.85 & 107.00 as targets...
g Pivot (invalidation): 1.2725 Our preference Long positions above 1.2725 with targets at 1.2775 & 1.2800 in extension. Alternative scenario Below 1.2725 look for further downside with 1.2695 & 1.2670 as targets...
Pivot (invalidation): 1.1585 Our preference Long positions above 1.1585 with targets at 1.1630 & 1.1645 in extension. Alternative scenario Below 1.1585 look for further downside with 1.1560 & 1.1540 as targets...
The 4 hour is turning up against the 3/16/2020 lows at 8263. The 1-hour right side is up against 12544. While above there, more importantly the 6/15/20 lows the index can can see new highs in the cycle up from the March lows. Sell Dax30 @13025-13060 TP: 12820 SL: 13150 Good luck...
Gold futures are up 0.20% to 1,869.35. Oil prices advanced on Thursday, though the rally is capped given the unexpected increase in US oil reserve. Meanwhile, consumption is damaged by the pandemic. The Energy Information Administration (EIA) said that crude inventories increased by 4...
US stocks have returned to growth after a wobbling session on Wednesday. During the turbulent session, investors focused on mixed quarterly reporting and the debate over further stimulus. The benchmark S&P 500 index rose 0.62%, and Dow added 0.57%. Nasdaq was more modest, securing a gain of 0...
Pivot (invalidation): 41.50 Our preference Long positions above 41.50 with targets at 42.20 & 42.50 in extension. Alternative scenario Below 41.50 look for further downside with 41.15 & 40.75 as targets...
Pivot (invalidation): 22.1000 Our preference Long positions above 22.1000 with targets at 23.2500 & 24.0000 in extension. Alternative scenario Below 22.1000 look for further downside with 21.5600 & 21.0900 as targets...
