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WTI oil futures in uptrend but rally shows signs of exhaustion WTI oil futures are at their highest level since July 2015 after a strong rally took prices above the key 57.00 level, hitting as high as 57.66. The short-term trend is clearly to the upside but the market has become
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Gold in consolidation phase but short-term trend remains bearish Gold is neutral after stabilising from a recent drop, but the risk is tilted to the downside in the short term. On the 4-hour chart, oscillators are neutral to bearish. The market appears to have found near-term support in the lower 1265 area,
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NZD/USD makes corrective move higher to pause broader downtrend but upside momentum fades NZD/USD maintains its downtrend from the September 20 high of 0.7434 but downside momentum has paused at 0.6817. The short-term bias has shifted to the upside after a strong rebound lifted the pair to 0.6942 earlier today. There were bullish
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Bitcoin Outlook | 31 October 2017 Bitcoin broke yet another all-time record this week, opening with a positive gap above the USD 6000 level. A likely explanation for the surge may be that investors are betting on the upcoming hard fork (SegWit2x) boosting prices even further. The fork is scheduled for
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WTI oil futures are trending higher but pause recent rally WTI oil futures are trending higher and have shifted to a more bullish bias after breaking above the 53.00 level. The recent rally stalled at 54.43, a level not seen since late February. The risk is to the upside but the market
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NZD/USD looking bearish in the short- and medium-term NZD/USD has declined considerably in recent weeks, falling to a five-and-a-half-month low of 0.6817 during Friday’s trading. The Tenkan-Sen line being below the Kijun-Sen line is a negative alignment pointing to bearish momentum in the short-term. Adding to this, both lines maintain a fairly
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EUR/USD enters bearish short-term phase after break of key support level EUR/USD has come under increased pressure after dipping another leg lower to break below the head and shoulders neckline at 1.1660. The drop below what was considered to be a key support level with strong downside momentum indicates that the
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US 30 stock index strongly bullish; looking overbought The US 30 stock index (Dow Jones) reached another all-time high of 23485.10 yesterday as the index extended its second-longest bull run in its history. Prices broke above the 23000 level for the first time on October 17 and are trading above their
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WTI oil futures lack clear trend during past month; short-term consolidation phase at upper end of range WTI oil futures have been moving sideways in the past two weeks and are trading in the upper half of a broader range that has been forming during the past month following the rise
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Gold Outlook | 24 October 2017 Gold prices rebounded on Monday, recovering some of their losses from the previous week, though the move was not particularly big. The precious metal has been under pressure overall recently, weighed on by the absence of any news on the geopolitical front that could spark
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