Crude oil struggles to move higher – key resistance now in sight (again!)
Crude oil continues to trade in a narrow range moving back and forth between the $91.50 per barrel region to the down side, and $97.50 […]
June 2013
GBP/JPY preparing to break higher and test resistance above
With the rush to the Japanese yen now appearing to have run out of steam, it’s a good time to be taking a closer look […]
Price prediction for gold as market looks weak
Another bad day at the office for gold bugs on Friday, as August gold futures contract ended the week with a wide spread down candle, […]
Cable now delicately poised at key resistance level
Another day of bullish momentum for cable, which surged higher on sustained US dollar weakness, and ending yesterday’s forex trading session with a wide spread […]
Aussie dollar reaching potential reversal?
The weekly chart for the Aussie dollar makes for some interesting reading right now, following the extended phase of bearish momentum which has seen the […]
July soybean futures continue higher – but for how much longer?
For technical traders one of the key price patterns that we always focus on is when markets are in congestion, and the question, of course, […]
WTI remains rangebound
The September WTI crude oil contract continues to oscillate between $91.50 to the downside and $97 to the upside, refusing to attack the $100 per […]
Dollar weakness fails to help gold move higher
The daily gold chart for August gold futures, neatly summarizes the curious confluence of market forces which have been thrown seriously out of kilter recently […]
Bullish momentum continues for the EUR/USD
Euro bears are once again licking their wounds, desperately covering their short positions as the EUR/USD bounces back and looking to re-test the 1.3250 price area, […]