Introduction Euro FX futures continue to weaken following our previous analysis, with sellers finally breaking through the support zone that had been holding throughout March, April, and much of June. It was important for the bulls to hold that support zone because now 6E is firmly in bearish territory, and any rallies could be looked Read More…
Introduction Crude oil futures continue to weaken following our previous analysis, with sellers pushing below the important support level at $74. This was a very important zone to stay above for the bullish case to remain intact, as the market is now starting to turn bearish rather than consolidating within a longer-term uptrend. The market Read More…
Introduction Russell 2000 futures continue to quietly outperform after the sharp recovery from the April lows. While the S&P 500 and Nasdaq have received most of the attention, small caps have steadily climbed higher, pushing into fresh yearly highs. The price remains firmly bullish, though it might not be as strong as the rally we Read More…
Introduction Silver futures have moved exactly where the risks were pointing in our June 4 analysis. At the time, we noted that buyers needed to defend the 250,000 ($25/oz) support area to maintain the longer-term bullish structure. Instead, silver continued drifting lower throughout June and has now broken beneath both the 250,000 level and the Read More…
Introduction Gold futures continue to follow the bearish roadmap we have outlined throughout June. In our June 10 and June 17 analyses, we looked at how the breakdown below the 4,400–4,450 support zone shifted control firmly toward sellers and exposed the March swing low near 4,165. While buyers initially managed to hold this support, the Read More…
Introduction Since our June 16 analysis, crude oil has done exactly what we suggested was the most likely outcome. Rather than immediately breaking lower toward $70, buyers stepped in at the $74-$76 support zone and managed to stabilize price. This support area was the last major level we highlighted before the 200-day moving average near Read More…
