Category Archives: Commodities

5 July: Forecast: Stock Indices, Commodities

    S&P: 2425 Short term momentum indicators: Neutral Daily momentum indicators: Neutral Upcoming market moving events: FOMC Minutes, US Factory Orders, 24 Hour Outlook: Neutral Medium Term: Neutral Preferred 24-hour Strategy: Market closed Resistance Support 2450 20 June high  –All-time high 2421 3 July low /Session low 2447 26 June high 2414  29 June low 2444 29… Read More »

29 June: Forecast: Stock Indices, Commodities

  Economics/ Politics/Central Banks: The US$ remain under heavy pressure after some bullish comments from central bankers concerning monetary policy again boosted risk sentiment as traders speculated that both the BOE and the BOC may adopt tighter monetary policy measures soon. BOE Governor, Mark Carney, reversed his recent comment that there ‘is no need to raise rates soon’,… Read More »