Commodities

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  Gasoil unexpectedly beat 882.75/883.75 with resistance at 889.35 today. We should struggle here so watch for a high for the day but shorts need stops above 893 for a test of resistance at 898.   We are overbought so there is a risk of profit taking. A drift lower to support at...

  Natural Gas did break above 4.097 to take us up towards 4.163. We did struggle in this area & make a high for the day exactly as predicted but if we push on today we could reach 4.230/250. We are overbought short term so exit longs & try shorts here with stops above 4.275....

  Lead surprised with a break through 2011/14 & a close above 2032. We now need to push through 2050 to target 2062/66 for a selling opportunity with the short term charts looking overbought at this stage. We need stops above 2080 on shorts for a move to 2100.   Immediate...

  WTI Crude did keep up last week’s momentum for a test of May highs at 97.17 but we are overbought and failed here. We expect some profit taking now & perhaps a drift lower to 95.50. If we continue lower look for good support at 94.50/40 & a buying opportunity with stops...

  Copper caught us out with a break above the trend line at 7388. If we can hold above here today look for 7442/44 & possibly May highs of 7480. We are overbought so we should struggle here but if we continue higher look for tough resistance at 7554 this week.   ...

  Brent Crude did push on for 105.31 & made a high for a high for the day exactly here as predicted. We are overbought now & should see some profit taking after 4 days of gains but if we continue higher look for a retest of 105.95/106.05 May highs. This should hold again this week...

The euro traded steadily below $1.29 on Tuesday morning as investors took comfort in successful bond auctions throughout the eurozone and positive reassurance about Italy's new coalition government. The common currency traded at $1.2886 at 6:37 GMT on Tuesday. Despite the region's longest...

Brent crude oil reached toward a two week high on Tuesday by stretching above $105 as conflict in the Middle East lifted prices and took some of the focus off of the weakening demand forecasts. The commodity traded at $105.08 at 6:04 GMT on Tuesday morning. Rising tension in the Middle East was...

Although far from anything resembling a correction, the markets ended Monday’s trading session barely in the red on the back of a weak dollar and gold that started the day sharply lower but rebounded. Tuesday, traders will watch for signs of follow-thru of yesterday’s pullback. Here’s what...

The U.S. stock market fell on Monday in a quiet trading session. The losses, however, were very minor and the sharp uptrend in equities continues to look intact. Nevertheless, traders and investors will be on the lookout for any sign of a pullback as stock prices have been surging on a near daily...