The March e-mini S&P futures daily bar chart shows that stiff technical resistance at the summertime high continues to turn back rallies. In fact, if there is more downside price action this week a bearish double-top reversal pattern would develop. The recent trading pattern in the e-mini S&P is that just when the bulls appear […]
March U.S. Treasury bond futures prices have made a strong rebound from the November low and the bulls have regained the slight near-term technical advantage. Prices this week hit a three-week high and a fledgling uptrend line is now in place. The bulls have gained some near-term technical momentum to suggest that prices can continue […]
See on the daily bar chart for March U.S. Treasury Bond futures that prices are in a solid downtrend and have this week hit a nearly four-month low. The bond market has been hit hard by the recent stronger U.S. jobs report, which strongly hints the U.S. Federal Reserve will raise interest rates in December–for […]
See on the daily bar chart for December Nymex crude oil futures that prices have rebounded from the recent low and the bulls have gained some momentum. See at the bottom of the chart that the Moving Average Convergenc Divergence (MACD) indicator has recently produced a bullish line crossover signal, whereby the thick blue MACD […]
The daily bar chart for the Goldman Sachs Commodity Index (GSCI) shows the near-term technical posture for the gauge of the raw commodity sector remains bearish. It’s my bias that this major bust cycle in raw commodities is closer to ending–probably sometime in the first half of 2016. However, if the GSCI drops to a […]
The raw commodity sector is still in an overall slump, which has helped to produce worldwide deflationary worries. However, just the past few trading sessions there are “green shoots” showing in a few markets that could be very early clues the raw commodity sector “bust” is coming to an end. Sugar, coffee and silver prices […]
