Crude Oil, Gold Prices Positioned for Weakness Into Holiday Lull

Talking Points: Crude oil, gold prices mark time as liquidity ebbs into holiday lull Technical positioning hints at weakness when participation returns Weekend news-flow, US data anticipation may translate into gaps Commodity prices marked time as investors settled in for market closures in observance of the Good Friday holiday. Australia, Hong Kong and most of […]

Cryptocurrency Analysis: Bitcoin, Ethereum Prices Plunge into Support

To receive Michael’s analysis directly via email, please SIGN UP HERE Talking Points Bitcoin (BTC/USD) 240min Chart Technical Outlook: The price of Bitcoin plummeted today, breaking a near-term consolidation range that has held since the July 20th high. The decline is now approaching initial support at the confluence of former median-line resistance (blue) & the […]

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DAX Drops into Trend-line Support, Hourly Chart in View

What’s inside: The DAX drops hard into June trend-line Needs to quickly find support or increases likelihood of sustaining additional losses 60-minute chart in view with short-term levels and notations In yesterday’s session, the DAX gapped higher by about 40 points and quickly found sellers above the 10/28 high. The resulting gap-n-trap sell-off ended with […]

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US Dollar Trades into Horizontal Level from August 2015 and March

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -Focus remains towards an estimated channel top above 99.00 although I’d be aware of horizontal levels at 98.33/58 as near term roadblocks (NOW). These horizontal levels are defined by the August 2015 and March 2016 highs. There is one interesting tidbit worth mentioning […]