TAG: daily
Consolidation Not Going According To Plan
Crypto Market Dips 4% in 24 HoursThe crypto market lost 4% in 24 hours, falling to a capitalisation of $2.53 trillion. Bitcoin (-3.7%), Ethereum (-4.5%) and BNB (-3.5%) are all down by the same amount. Solana (-6.4%) and Doge (-7.9%) are lagging the marke...
6 months ago
Natural Gas Price Forecast: Bullish Weekly Reversal Points to Higher Prices
Natural gas triggered a bullish reversal on Monday in both the daily and weekly time frames, as it advanced above Friday’s high and then exceeded last week’s high of 1.83. It continues to trade near the highs of the day at the time of this writing and is...
6 months ago
Silver Price Forecast: Weekly Bullish Breakout Triggers
Silver pulled back to support last week around the 38.2% Fibonacci retracement and 20-Day MA with a low of 24.33. It was followed by an advance Friday and again today, Monday. Monday’s rally triggered a bullish weekly breakout above last week’s high of 25...
6 months ago
Nasdaq 100, Dow Jones, S&P 500 News: Wall Street Wavers Amid Inflation Uncertainty
U.S. Stock Market: Early Volatility Amid Mixed SignalsThe U.S. stock market is exhibiting a blend of strength and weakness in early trading this Monday, following a robust performance in the first quarter. Traders are assessing the impact of recent U.S. i...
6 months ago
Natural Price Forecast – Natural Gas Continues to Bounce From Bottom
Natural Gas Technical AnalysisAnd as I’ve been saying for a while, we’re just kind of bumping along the bottom. And this big move in the early hours on Monday doesn’t change anything. It just suggests that we are going to continue to see people look at th...
6 months ago
The Market News Today: JOLTS Survey Forecasts Dip in Job Openings
US JOLTS Preview: Job Openings Expected to Dip Below 9 Million in FebruaryAs investors await Friday’s March jobs report, analysts anticipate a slight decrease in job vacancies to 8.79 million, signaling a potential cooling in labor demand. The Job Opening...
6 months ago
Crude Oil News Today: Russia’s Taneco Refinery Attack Stirs Supply Worries
Light crude oil futures are showing significant strength on Tuesday, as they near levels not seen since October last year. This bullish trend is being fueled by a complex interplay of geopolitical events, evolving demand in key markets, and strategic move...
6 months ago
Gold Prices Forecast: New Highs Despite Firm Yields, Stronger Dollar
Gold Market Surges Despite HeadwindsGold prices reached a new all-time high on Tuesday, marking a notable rally despite a strong U.S. dollar and anticipated longer-term U.S. rate hikes. This rise in gold prices, defying several traditional market barriers...
6 months ago
Nasdaq Index, Dow Jones, S&P 500 News: Wall Street Lower Amid Sector Weakness
Stock Futures Slip Amid Health Insurer ConcernsIn Tuesday’s pre-market session, stock futures pointed down, continuing the recent trend of losses. Dow Jones Industrial Average and S&P 500 futures indicated a weaker opening, primarily impacted by devel...
6 months ago
AUD/USD Forecast – Aussie Continues to Consolidate in Huge Range
Australian Dollar vs US Dollar Technical AnalysisYou can see that we have rallied a little bit during the trading session here on Tuesday, but really at this point in time, not a lot to see here. We are still very much in a consolidation phase. So, most t...
6 months ago
EUR/USD Forecast – Euro Continues to See Support
Euro vs US Dollar Technical AnalysisAs you can see, the Euro initially fell a bit during the trading session on Tuesday, but it looks like it is finding a little bit of support just above the 1.07 level, an area I’ve been talking about for some time. I th...
6 months ago
NASDAQ Price Forecast – NASDAQ 100 Continues to Grind Away
NASDAQ 100 Technical AnalysisTaking a look at the NASDAQ 100 you can see that we did pull back just a bit in the early hours on Tuesday as the market continues to be somewhat choppy and noisy. I expect that to be the case most of this week because quite f...
6 months ago
Gold Price Forecast – Gold Continues to Shine
Gold Markets Technical AnalysisYou can see gold has been a bit choppy and noisy as of late, but it certainly seems to be wanting to stretch higher. In this environment, I think you’ve got a situation where short-term pullbacks continue to attract a certai...
6 months ago
S&P 500 Price Forecast – Stocks Continue to Drift
S&P 500 Technical AnalysisThe S&P 500 fell a bit during the early hours on Tuesday as it looks like we are going to continue to consolidate and perhaps work off some of the froth from the move higher. Ultimately, this is a market that I do think e...
6 months ago