Introduction Gold futures have broken lower since our previous analysis, the support that buyers had been defending throughout late May and early June has broken to the downside. From here it is important to see how the bulls react at this level. If we see continued selling pressure, we could see GC fall to $3,600. Read More…
Introduction Dow Jones futures continue to reward buyers after breaking above the previous all-time high that we highlighted in our recent analysis. Since our last update, YM has not only held above the previous ATH at 50,900, but has also continued pushing into fresh record territory. Dow Jones Futures Trend Analysis The structure remains bullish Read More…
Introduction In our previous analysis, we highlighted the $100–$105 region as the key battleground for crude oil futures. We also noted that progress in US-Iran negotiations could continue, removing some of the risk premium that had fueled the rally throughout March and April, and since then, that is mostly what has happened. CL has remained Read More…
Introduction Silver futures continue consolidating and have followed gold for the most part. After reaching highs near 420,000 earlier this year, the market pulled back as profit-taking commenced. The current daily chart shows Silver futures trading around 263,500. While the aggressive selling pressure seen during February and March has faded, buyers have also struggled to Read More…
Introduction S&P 500 futures continue trading near record highs following the breakout structure we discussed in our previous analysis. Since then, ES has pushed higher from the 7,529 area and is now trading around 7,617 as buyers continue defending every minor pullback. In our last report, we saw MACD forming a bearish divergence, but there Read More…
Introduction Gold futures have responded exactly where traders expected a reaction following our previous analysis. There, we looked at how important the 4,400–4,420 support zone was as well as the rising trendline from the April swing low. Since then, buyers have successfully defended that area and pushed Gold back above 4,550. The daily chart now Read More…
