Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Daily Technicals: Bonds, Commodities, Forex

Published 24/04/2018, 09:39
Updated 09/07/2023, 11:32

EURUSD

EURUSD

Big bearish opening long black marubozo that closed below the old reverse h+s neckline (currently 1.2232)…this is now resistance… and right on the medium ma (currently 1.2212) …today we’ve tried lower though so far it’s been half hearted…we’re nearing the feb low support at 1.2154…that may be the reason why we’ve slowed.

CABLE

CABLE

Fifth bearish black crow and a second close below the very recent 50% fib at 1.4044 and the nov 2017-to-date uptrend (currently 1.4024)...we’ve halted at the 2018 50% fib support at 1.3915 and just ahead of the key medium ma support (currently 1.3859)

EURGBP

EURGBP

An indecisive spinning top pattern as the market seems to be halted by the recent 50% fib resistance at 0.8793 and the nearby medium ma (currently 0.8811).

USDJPY

USDJPY

A first close and new april high over the important old h+s neckline (currently at 107.99)…the more important 2016 50% fib level and the medium ma are not far away above those (108.86 and currently 108.96 respectively).

AUSSIE DOLLAR

AUSSIE DOLLAR

Still following on lower from last thursday’s superb daily key reversal down…we closed right on the lower tine of the may – dec 2017 schiff pitchfork (currently 0.7606)…we’ve been below it today…down to the recent lower channel line support (currently 0.7580)…but we seem to be wishing to stay above it today…so far.

NYMEX CRUDE FUTURES

NYMEX CRUDE FUTURES

A key reversal up…a small follow on today…it seems the market may have a wish to continue to run up along the middle tine (currently 69.50) of the recent bullish mar – apr andrews pitchfork… nearby support is effective around the 50% fib of the 2014 – 2016 move at 66.89.

FTSE FUTURES

FTSE FUTURES

A first close over the medium ma (currently 7315) and an attempt today to go over the long ma (currently 7355) plus a move up over the recent upper channel (currently 7351).

DAX FUTURES

DAX FUTURES

A doji cross…just about a bullish butterfly doji as you may be able to get in this market…it also seems the market may wish to have another attempt higher at the combined resistances of 1) the 2018 50% fib at 12 652…2) the long ma (currently 12 666) and 3)…the medium ma (currently 12 686).

S&P FUTURES

S&P FUTURES

A Third Bearish Black Crow That Still Follows On From Thursday’s Significant And Important Bearish Engulfing Pattern…We’ve Slowed As We’ve Come Closer To The Recent 50% Fib At 2665…This May Trap Us On The Downside Below An Area Of A Number Of Key Fib Resistances Between 2697 – 2704 Plus The Medium Ma (Currently 2706)…Caution…

GILT FUTURES

GILT FUTURES

A follow on to the bearish harami lower…the market seems to seek comfort and proximity near the gradually descending middle tine of the sep – dec 2017 schiff pitchfork (currently 120.33)…it is currently using it as support.

BUND FUTURES

BUND FUTURES

A breakaway…though not a gap…lower…however… today we’ve pulled up a bit…we still seem to seek comfort and proximity near the gradually descending middle tine of the sep – dec 2017 schiff pitchfork (currently 158.41)…it is currently using this as resistance.

U.S. BOND FUTURES

U.S. BOND FUTURES

A bullish doji…almost a butterfly doji…as the market seems to have tried down to test the 2018 low at 142.13…and not liked it...a little higher today.

LME 3 MONTH COPPER

LME 3 MONTH COPPER

A key reversal down with a close below the key medium ma (currently 6953) but not below the two nearby 50% fibs at 6920 and 6909…we went down to test the recent uptrend (currently 6874) but failed to do anything about that either…today we’re back above the medium ma…again!

Disclaimer: ADM Investor Services International Limited is authorised and regulated by The Financial Conduct Authority. Member of The London Stock Exchange. Registered office: 4th Floor Millennium Bridge House, 2 Lambeth Hill, London EC4V 3TT. Registered in England No. 2547805 a subsidiary of Archer Daniels Midland Company. Risk Warning: Investments in Equities, CFDs, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value, investors should therefore be aware that they may not realise the initial amount invested, and indeed may incur additional liabilities.

These Investments may entail above average financial risk of loss, and investors should therefore carefully consider whether their financial circumstances and investment experience permit them to invest and, if necessary, seek the advice of an independent Financial Advisor. Some services described are not available to certain customers due to regulatory constraints either in the United Kingdom or elsewhere. © 2014 ADM Investor Services International Limited 2014.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.