Technical Articles

  Commodities       Indices       Futures     
 

Market Recap - A Small Turnaround In Equities & Commodities Overnight
2 hours ago

US bourses closed in the red last night, with the worst performer the dow, trading lower by 1.15%. No such problem in Asia as traders turned positive, the Nikkei and ASX both traded over 1% higher. The Shanghai Comp. gai...
0 Comments

Copper Falling Of A Cliff...
20 hours ago

With Donald Trump considering additional trade tariffs the likes of copper, oil, and gold are falling hard. Copper is having a knock-on effect on AUD and also commodities related stocks (Glencore -2%). Markets in China pointe...
0 Comments

Market Recap - Trump Throws His Toys Out The Pram, Again
1 day ago

Stocks traded in a subdued manner over in Wall St., as the Nasdaq traded flat and the S&P (-0.21%) and Dow (-0.41%) both closed in the red. In the Asia Pac area, there was a sea of red as the U.S President escalated the t...
0 Comments

The OPEC Saga Continues
1 day ago

It's that time...OPEC and Non-OPEC officials are set to meet in Vienna again! This time we are looking to find out how the cartel is expecting to exit (taper) the output cut agreement. It is said that there may be a ...
0 Comments

Market Recap - Shares In Asia Fall, As Trade War Intensifies
2 days ago

Overnight the Nikkei 225 and Shanghai Comp. both fell 0.73%, as the US president kept his conviction regarding the tariffs on Chinese goods. Late in the session on Friday, President Trump announced a 25% tariff on $50bln...
0 Comments

Market Recap - BHP Targets $2.9 Billion Australian Iron Ore Project
5 days ago

US markets were mostly positive, except the Dow which closed lower by 0.10%. In the Asia Pac area, shares traded mixed despite the possibility that President Trump may Tax $50bln worth of Chinese goods. The ASX traded hi...
0 Comments

Silver & Gold Have Curiously Risen As The USD Appreciated Today
5 days ago

Silver and gold have curiously risen as the USD appreciated today, the US 10 YR yield is down and the Nasdaq index pushed higher.  It seems all correlations are broken and the only ones that make any ...
1 Comments

Copper Is Continuing To Retrace From Higher Levels
5 days ago

Copper is continuing to retrace from higher levels as the stronger USD and progressing talks at the world's biggest copper mine, Escondida, continues. The industrial metal has now broken the support at $3.22/lb, the stron...
0 Comments

Market Recap - Gold Finally Gets A Break
6 days ago

As the markets digested the FOMC rate decision, and comments, stocks fell in the U.S. In the Asia Pac area it was much of the same. The Nikkei was affected the worst falling nearly 1%, the Australian ASX fell 0.11% and t...
0 Comments

USD/JPY Struggles To Push Higher
6 days ago

USD/JPY has duly struggled ahead of 111.00, as we suspected it would.  A material push higher will require long end rates to rise a little more than they have, and today's FOMC has lifted the short end with 4 hikes n...
1 Comments

EUR/USD Falls, However, Is It The End?
6 days ago

EUR/USD has pushed lower on the back of the Fed announcement tonight, but we are clearly seeing some demand coming in well ahead of the 1.1700 level.  Lest we forget, the ECB meeting will be in the back of the minds...
0 Comments

Market Recap - Commodities Traded In Red Overnight
1 week ago

Again a mixed close on Wall St. as the markets await the FOMC rate decision and comments, Nasdaq outperformed up 0.57%. That sentiment carried through to the Asia Pacific area as the Nikkei 225 traded 0.36% higher and the ASX...
0 Comments

Trump and Kim Have Their Long-Awaited Showdown
1 week ago

Bourses in the US ticked up slightly as the market remains tentative ahead of key risk events. Asian markets followed suit and showed slightly more conviction as the Nikkei jumped 0.42%, ASX 0.15% and the Shanghai Comp. 0.85%...
0 Comments

GBP Takes A Dive On The Back Of Weaker Production Numbers
1 week ago

GBP takes a dive on the back of both weaker production numbers, as well as a widening in the trade deficit, which is now at levels seen in late 2016.  This will make a big dent in the Q1 GDP figures unless we see a mater...
0 Comments

Natural Gas Currently Trades 1.36% Higher
1 week ago

Equities in the Asia Pac region have started mixed this week, the Nikkei is the outperformer up half a percent and this is despite a frosty G7 meeting over the weekend. The ASX traded lower by 0.20% and the Shanghai Comp. was...
0 Comments

Following Some Recent Data, Sterling Is Heading Towards 1.3259
1 week ago

Sterling has taken a fresh leg lower after some potentially constructive moves today. Some of the recent UK data has been cause for optimism. However, in the background, we have the never-ending Brexit saga, which is cur...
0 Comments

Oil Markets Traded Higher Yesterday As Venezuela Continues To Find It Difficult To Meet Its Supply
1 week ago

US bourses closed mixed yesterday as the Dow closed higher by 0.38%, the S&P (0.07%) Nasdaq (0.70%) underperformed. The risk-off sentiment filtered through to Asia as the Shanghai Comp. (-1.78%), Nikkei (-0.53%)...
0 Comments

Market Recap - US Dollar Weakened, Commodities Enjoyed The Benefits
1 week ago

US bourses closed on a positive note yesterday with the Dow outperforming trading higher by 1.40%. In the Asia Pac area it was pretty much the same story as the Nikkei 225 rose nearly 1%, ASX half a percent and the Shanghai C...
0 Comments

Nasdaq Closed At Record Highs Once Again
2 weeks ago

Over in the States, the Nasdaq closed at record highs once again for the second day this week and the S&P and Dow traded largely flat. Over in the Asia Pac area markets traded mixed as the ASX (0.50%) and the Nikkei (0.36...
0 Comments

Sharp Decline In The Price Of Oil, Currently Trading Around $64.87
2 weeks ago

We have just seen a sharp move down in WTI (5 min chart) after the U.S. government was said to have quietly asked Saudi Arabia and some other OPEC producers to increase their oil production by about 1 million barrel...
0 Comments

EUR/USD - Where Could We Go Next?
2 weeks ago

EU retail sales is never a major mover of the EUR, but under the circumstances, could at least weigh little to cause some underperformance in the crosses. EUR/USD looks tired on the downside, so we are more likely to see a...
1 Comments

Recap: US indices Traded In The Green Yesterday As The Tech Sector
2 weeks ago

US indices traded in the green yesterday as the tech sector outperformed, as the Nasdaq closed at record highs. In the Asia Pac area we have traded mixed, the Shanghai Comp. (0.48%) and Nikkei (0.27%) both traded in the black...
0 Comments

Oil Breaks Support Level - 0.81% Lower On Today's Session
2 weeks ago

Goldman Sachs commented on oil markets this morning saying 'Robust US Oil Demand Trends Continued In March, Overall Demand Rose By 2.6% (Estimate 1.0%)' and looking forward they see 1.8 Mn BpdIn 2018 Gl...
0 Comments

US Dollar Pullbacks With Expectations Of A Retracement
2 weeks ago

Markets have stumbled back into action today more than anything else, with the USD pullback testing some acknowledged levels against the majors but running into good support as rate differentials remain a key driver for some....
0 Comments

Copper Is Trading 0.20% Higher This Morning
2 weeks ago

Asian shares made a move in the right direction as they react to last weeks jobs report, shrugging off negative sentiment from the trade wars. The Nikkei performed well rising 1.39%, ASX 0.59% and the Shanghai Comp. 0.60%, wi...
0 Comments

Oil collapses from highs, expecting $64.30 to be achieved
2 weeks ago

Spot WTI has fallen heavily from highs since there has been a suggestion of OPEC removing the production cuts. At key support points, there have been bids entering the market which does suggest that traders are looking for a ...
0 Comments

Gold has suffered from the strength in the US Dollar
2 weeks ago

Gold has suffered from the strength in the US Dollar of late and a strong payroll report didn't do much for the precious metal either. Moves to the upside are favorable if the trendline in the chart holds. Having said tha...
0 Comments

Little reason to shy away from USD
2 weeks ago

The USD looks slightly toppy at these levels but that's not to say it will not retest the highs. Any close below 94 would be a strong indication that the market is fed up with the strong USD narrative.  The 95 level ...
0 Comments

The tide has certainly turned in the EUR/USD...
2 weeks ago

Above is the daily chart and below is the weekly, currently they are painting two different pictures. From a technical perspective, the daily is looking like a trend following the pattern and a close on Monday below...
0 Comments

Gold is looking at continuing its recent decline to reach $1200
2 weeks ago

What a run GOLD has embraced. After a breakout through the $1325 weekly res level with the most responsive retest as support, Price has rallied through the major $1350 level into a new and all-important supply region. Make...
0 Comments