Category Forecasts

U weekly chart shows powerful advance. Source: TradingViewWeekly Breakout Opens Higher Targets Other bullish evidence includes an upside breakout on the weekly chart, establishing a higher weekly low of $40.67...

Spot gold weekly chart shows inside week consolidation at 50-week moving average resistance. Source: TradingViewConfluence Points to Potential Momentum Surge Friday’s low could result in a second bottom of a...

Natural gas daily chart shows larger trend structure. Source: TradingViewMoving Averages Tighten Resistance Zone There is also the 50-day moving average, which is now near $2.86 and rapidly falling towards...

That matters far beyond Commodity trading desks. Oil sits at the heart of the global economy – influencing transportation, manufacturing, aviation, agriculture, shipping and ultimately consumer prices. U.S Diesel prices...

Daily September E-mini S&P 500 Index FuturesSeptember E-mini S&P 500 Index futures are soaring late Friday after crossing to the strong side of the 50-day moving average earlier in the...

That said, the probability of a rate hike at the meeting next week increased. According to FedWatch Tool, there is a 86.7% chance of a rate hike. The yield of...

WTI Oil 110926 Daily ChartWTI oil pulled back as traders focused on reports indicating Gulf states planned to meet with Iran to discuss the future of the Strait of Hormuz...

According to FedWatch Tool, the probability of a rate hike at the meeting next week increased to 86.7%, which means that traders are almost sure that Fed will raise the...

GBP/USD 110926 4h ChartGBP/USD gains ground as traders focus on GDP report from the UK. The report indicated that GDP increased by +0.4% month-over-month in July, compared to analyst forecast...

U.S. Consumer Price Index – Source: CNBCInflation data in the United States came in line with analysts’ forecasts for August, with prices advancing by 3.4% in the past 12 months...

Conclusion The outlook for precious metals hinges on next week’s central bank decisions. If the Fed hikes rates, we could see a bit more downside. If they hold rates steady,...

A rate hike was already priced in by market participants, and today’s inflation report just confirmed what analysts already knew and expected. If this short squeeze continues, the price could...

Key Support and Resistance Prices The 200-day EMA offering support makes sense from a technical analysis standpoint. So really, at this point in time, none of this is a big...

This Is Pretty Healthy With that being said, we’re seemingly trying to recapture the overall sideways action between $65 and $70. We’ll wait to see if that plays out. But...

Daily price chart for SP500 showing price rebounding to 7,650.47 off the pivotal 7,600.00 support level and 50 EMA (7,617.35), holding above the 200 EMA (7,224.10). Source: TradingViewThe S&P 500...

Daily price chart for NVDA showing price stabilizing around 219.82 pre-market, bouncing off the 215.00 support level and the 50 EMA (214.81) above the 200 EMA (198.44). Source: TradingViewNVIDIA looks...

The 40 Bcf build was still smaller than the five-year average injection of 52 Bcf. Traders were looking for something tighter than the estimates and got the opposite. The market...

Weekly price chart for WTI Crude Oil futures showing price consolidating at 99.31 just under the 100.00 mark, holding firmly above the 50-week EMA (79.78) and 200-week EMA (74.46). Source:...

To the downside, the $2.50 area is the floor, but keep in mind we’ve got a situation where the seasonality is starting to think about changing. We’re in the October...

Daily price chart for Brent Crude Oil futures showing price dipping to 104.07 as profit-taking sets in above the 100.00 mark, supported by the 50 EMA (91.25) and 200 EMA...