Category Archives: Commodities

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 »

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 »