Category Archives: Commodities

21 June: Forecast: Stock Indices, Commodities

  Short of time today, so I have posted levels only. Essentially I am neutral on stocks but remain bearish on the commodities, mainly because I suspect we have a stronger US$ ahead of us. S&P: 2436 24 Hour: Neutral Medium Term: Neutral Resistance Support 2470 Minor 2434 Session low /200 HMA 2465 Minor 2425  (23.6% of 2344/2450)… Read More »

16 June: Forecast: Stock Indices, Commodities

  S&P: 2431 24 Hour: Neutral Medium Term: Neutral Resistance Support 2455 Minor 2425 Minor 2450 Minor 2416 Session low 2445 9 June high –All-time high 2406  (38.2% of 2344/2445) 2443 14 June high 2395 (50% of 2344/2445) 2434 Session high 2383 (61.8% of 2344/2445) … DJI: 21316  24 Hour: Neutral Medium Term: Neutral                                          Resistance Support 21450… Read More »

13 June: Forecast: Stock Indices, Commodities

  S&P: 2426 All the action is going on in the Nasdaq and the S+P has traded a steady 2149/30 range. Further choppy trade looks likely although if we can take out 2440, we are not too far away from a run towards the all-time high at 2445 and then to 2450 and possibly a fair bit higher,… Read More »