Category Archives: Commodities

19 July: Forecast: Stock Indices, Commodities

  S&P: 2459 24 Hour Outlook: Neutral Medium Term: Neutral Preferred 24-hour Strategy: Neutral With the daily momentum indicators aligning slightly higher further gains would eventually seem likely although the short term charts are now neutral and another rangebound session would not surprise. Personally, I prefer to remain sidelined at these levels. Resistance Support 2480 Minor 2447 Session… Read More »

18 July: Forecast: Stock Indices, Commodities

  S&P: 2459 24 Hour Outlook: Neutral Medium Term: Neutral Preferred 24-hour Strategy: Neutral The S+P had a quiet day just below Friday’s new peak of 2460, leaving the outlook unchanged. With the daily momentum indicators aligning slightly higher further gains would eventually seem likely although the short term charts are now neutral and another rangebound session would… Read More »

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 »