Monday 25th November 2013
THE SWISS FRANC closed lower on Friday. The lowrange close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this week’s rally, the 50% retracement level of the JulyOctober decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.
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Tuesday 26th November 2013
THE EURO closed lower on Monday. The midrange close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. Closes above last Wednesday’s high crossing are needed to confirm that a shortterm low has been posted. If it renews the decline off October’s high, the 62% retracement level of the JulyOctober rally crossing is the next downside target.
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Wednesday 27th November 2013
US OIL closed lower on Tuesday while extending this month’s trading range. The lowrange close sets the stage for a steady to lower opening when Wednesday’s night session begins. Stochastics and the RSI are neutral to bullish hinting that a low might be in or is near. Closes above last Thursday’s high crossing are needed to confirm that a low has been posted. If it renews the decline off August’s high, the 75% retracement level of the AprilAugust rally crossing is the next downside target.
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Thursday 28th November 2013
THE EURO closed higher on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday’s night session begins trading. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible nearterm. If it extends this month’s rally, the reaction high crossing is the next upside target. If March renews the decline off October’s high, the 62% retracement level of the JulyOctober rally crossing is the next downside target.
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Friday 29th November 2013
THE YEN closed higher on Thursday as it extends this fall’s rally. The highrange close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to lower prices are possible nearterm. If it extends the rally off this month’s low, May’s high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm high has been posted.
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Monday 2nd December 2013
NATURAL GAS closed higher on Friday. The highrange close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI are turning bearish hinting that a shortterm top might be in or is near. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it extends the rally off November’s low, the 75% retracement level of the AugustNovember decline crossing is the next upside target.
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Tuesday 3rd December 2013
THE SWISS FRANC closed higher on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish hinting that a shortterm bottom might be in or is near. If it extends the aforementioned decline, the reaction low crossing is the next downside target. Closes below the 20day moving average crossing would confirm that a shortterm bottom has been posted.
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Thursday 5th December 2013
NATURAL GAS closed slightly lower due to light profit taking on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday’s night session begins trading. Stochastics and the RSI are diverging but are turning neutral to bullish signalling that additional shortterm gains are possible. If it extends the rally off November’s low, the 75% retracement level of the AugustNovember decline crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted.
See more analysis at Market Commentary | HY Markets
Friday 6th December 2013
THE YEN closed lower on Thursday and below the 10day moving average crossing signalling that a high might be in or is near. The lowrange close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing are needed to confirm that a shortterm high has been posted. If it extends the rally off October’s low, weekly support crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Monday 9th December 2013
THE EURO closed higher on Friday as it extends the rally off November’s low. The highrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that additional shortterm gains are possible. If it extends the rally off November’s low, October’s high crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that the rally off November’s low has ended.
See more analysis at Market Commentary | HY Markets
Tuesday 10th December 2013
THE YEN closed higher on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are turning neutral signalling that sideways to higher prices are possible nearterm. If it extends the rally off October’s low, weekly support crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a shortterm high has been posted.
See more analysis at Market Commentary | HY Markets
Wednesday 11th December 2013
NATURAL GAS closed higher on Tuesday as it consolidated some of Monday’s decline. The midrange close sets the stage for a steady opening when Wednesday’s night session begins trading. Stochastics and the RSI are turning bearish signalling that a shortterm top might be in or is near. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted. If it renews the rally off November’s low, the 75% retracement level of the AugustNovember decline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 12th December 2013
THE SWISS FRANC closed lower on Wednesday. The midrange close sets the stage for a steady to lower opening when Thursday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off November’s high, weekly resistance crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm bottom has been posted.
See more analysis at Market Commentary | HY Markets
Friday 13th December 2013
THE EURO closed lower due to profit taking on Thursday as it consolidated some of the rally off November’s low. The lowrange close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that additional shortterm gains are possible. If it extends the rally off November’s low, October’s high crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that the rally off November’s low has ended.
See more analysis at Market Commentary | HY Markets
Monday 16th December 2013
SILVER closed higher on Friday. The highrange close set the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off last Wednesday’s low, the reaction high crossing is the next upside target. If it renews the decline off October’s high, June’s low crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Wednesday 18th December 2013
THE EURO closed slightly higher on Tuesday and the highrange close sets the stage for a steady to higher opening when Wednesday’s night session begins trading. Stochastics and the RSI have turned neutral to bearish signalling that a double top with October’s high might have been posted with last Wednesday’s high. Closes below the 20day moving average crossing are needed to confirm that a double top has been posted. If it extends the rally off November’s low, October’s high crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Thursday 19th December 2013
THE EURO closed lower on Wednesday and below the 10day moving average crossing signalling that a shortterm top might be in or is near. The lowrange close sets the stage for a steady to lower opening when Thursday’s night session begins trading. Stochastics and the RSI have turned bearish signalling that a double top with October’s high might have been posted with today’s high. Closes below the 20day moving average crossing are needed to confirm that a double top has been posted. If it extends the rally off November’s low, monthly resistance crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Friday 20th December 2013
THE SWISS FRANC closed higher on Thursday and above the 20day moving average crossing confirming that a shortterm bottom has been posted. The highrange close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the decline off November’s high, weekly resistance crossing is the next downside target.
See more analysis at Market Commentary | HY Markets
Monday 23rd December 2013
THE YEN closed lower on Friday. The lowrange close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI have turned bullish signalling that additional strengthen is possible. If it extends the rally off October’s low, weekly resistance crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a shortterm high has been posted.
See more analysis at Market Commentary | HY Markets
Tuesday 24th December 2013
THE EURO closed higher due to short covering on Monday as it consolidated some of last week’s decline. The midrange close sets the stage for a steady opening when Tuesday’s night session begins trading. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing are needed to confirm that a double top has been posted. If it renews the rally off November’s low, monthly resistance crossing is the next upside target.
See more analysis at Market Commentary | HY Markets