CommodityOnline

MCX Silver March as seen in the weekly chart below has opened the week at 43,951 levels initially moved lower and as expected found very strong support just below the expected level at 43,737 levels....

MCX Gold February as seen in the weekly chart below- prices rallied sharply towards 29,639 levels, but could not sustain the gains corrected back towards 29,150 levels, and finally closed higher from...

Brent Crude held just above Tuesday's low of 108.55. Resistance at 109.70/75 did just hold a move higher but as stated yesterday, shorts need stops above 109.95 for a selling opportunity at 110.30/40,...

USDJPY broke lower as expected to our target 102.30/25 & as predicted a low for the day was seen here. We have seen a bounce but will need to beat 102.75 today to build on these gains. We can then...

FTSE hit our target of 6480/70 for a buying opportunity & this hold the downside perfectly. However we are lower this morning & a break below 6464 confirms a sell signal. We should then target...

Gasoil giving the 100 day moving average support at 929/928 a good test but just holding on here. Immediate resistance at 933/34 did hold a move higher as expected but above here sees 937/938 for a...

FTSE resistance at 6575/80 held the move higher as predicted & support at 6515/10 held the downside perfectly. Use the same levels today but a break lower targets 6480/70 for a buying opportunity...

Gasoil held 100 day moving average support at 929/928 for the second day. Immediate resistance at 933/34 could hold a move higher but above here sees 937/938 for a selling opportunity with stops above...

Brent Crude rallied towards 110.50/60 as expected for our selling opportunity & a high for the day expected. We topped almost exactly here at 110.45 & collapsed through 109.30/20 towards...

S&P/TSX 60 resistance at 769 but above here 771 should hold a move higher. Only a break above 773 is positive for this market & could target 779/780. Below 766 sees support at 763 which could...

USDJPY retested 103.37 highs last week which as stated yesterday is strong resistance & should hold a move higher. Yesterday we broke support at 102.98/93 which then acted nicely as resistance....

Crude: No need to change too much today. The charts are a whole new animal and we’ve gone into beast mode. The RSI had a significant move up the past few days and we went from whiner (37) to...

S&P/TSX 60 needs to hold above 766/767 for a test of 771/772 & a selling opportunity with stops above 775. Below 766 sees support at 763 which could hold the downside. However below here we...

USDJPY retested 103.37 highs last week which as stated yesterday is strong resistance & should hold a move higher. We topped exactly here & fell back to 103.13 & if we continue lower today...

FTSE just held support at 6545/40 but below here today look for a test of support at 6415/10. If this does not hold the downside use 6475/65 as a buying opportunity with stops below 6450.Immediate...

Gasoil broke below 939 for a buying opportunity at 100 day moving average support at 929/928 & this trade worked perfectly as we bottomed exactly here. Immediate resistance at 937 could hold a...