Welcome to this week’s Market Blast Technicals.
Read MoreTrading Short on Gold. Trading Long on the DJIA. Trading Futures.
on June 15, 2021
| By Brad Alexander
|
DJIA,
XAUUSD,
Market Blast Videos,
UKOil,
US30,
Gold,
USOil,
WTI,
Technical Analysis,
Descending Triangle,
Brent Crude,
Trading Futures
Welcome to this week’s Market Blast Technicals.
Read MoreTrading Brent Crude to the Upside. Central Banks in Focus.
on March 22, 2021
| By Brad Alexander
|
DJIA,
USDCHF,
Market Blast Videos,
UKOil,
US30,
Interest Rate Decision,
Fundamental Analysis,
Brent Crude,
Central Banks,
EURCHF,
COVID Vaccine,
Wall Street
Welcome to this week’s Market Blast Fundamentals.
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In the last two weeks the US30 index has traded on top of the key 30000 level after spending several weeks applying buying pressure, in which the level stood up and resisted prices firmly keeping the index below this level for the most part. In the last week or so, the US30 index has been resting on top and receiving solid support from this key level so it will be interesting to see if the index continues to push higher to new highs off this support. During the last month or so, it has also been well supported by the 29000 level, which may be called upon should the support at 30000 fail. During the first half of November, the index made its first run towards 30000 and in doing so, smashed through resistance at 29000, which has applied downward pressure on the index for some time.
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S&P 500 Fills the Gap. Dow Jones Oversold.
on December 15, 2020
| By Brad Alexander
|
DJIA,
USDCAD,
Market Blast Videos,
US30,
Gold,
USOil,
WTI,
Technical Analysis,
Fibonacci,
S&P 500,
US500
Welcome to this week’s Market Blast Technicals where we will look at USDCAD, WTI (US Oil), USDCNH, Brent Crude (UK Oil), the S&P 500 (US500), the Dow Jones industrial Average (US30), and Gold.
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On Tuesday last week we covered UK Oil which spent the remainder of the week continuing to move higher to a nine month high above $50, after surging higher from support at the key $43 level. It has eased on two occasions in the last few weeks, before reversing and continuing to rally higher. In the few days before the recent surge, it eased back to the key $43 level and enjoyed some support. In the two weeks prior, UK Oil surged from its lowest level in five months below $36.50 back up to the key $43 level which has again provided stiff resistance before it was able to break through to above $45 before falling back sharply to $43.
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In the last few weeks the US30 index has applied lots of pressure on the key 30000 level which has stood up and resisted prices firmly keeping the index below this level for the most part. This has happened especially in the last two weeks where almost every day the index moved to 30000 attempting to push through, although it has been able to move through to a new all time high, and maintain that break in the last few days. During this time it has also been well supported by the 29000 level, and may now enjoy some solid support from 30000. Four weeks ago, the US30 index made its first run towards 30000 and in doing so, smashed through resistance at 29000, which has applied downward pressure on the index for some time. In that initial surge higher, it also pushed strongly through 27000 and 28000 which have played a significant role in the price action of the US30 in the last few months.
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USDJPY in Downtrend. Dow Jones Industrial Average Consolidating.
on December 8, 2020
| By Brad Alexander
|
USDJPY,
DJIA,
XAUUSD,
USDCAD,
Market Blast Videos,
US30,
Gold,
USOil,
WTI,
Technical Analysis,
Ascending Triangle,
CADJPY,
Stochastic Oscillator
Welcome to this week’s Market Blast Technicals where we will look at USDCAD, CADJPY, USDJPY, Gold (XAUUSD), WTI (USOil) and the Dow Jones Industrial Average (US30).
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On Tuesday last week we covered the AUDUSD which spent the remainder of the week continuing to edge higher to its highest levels in more than two years. It has been moving well for the last month, pushing to a then three month high just above 0.74 before falling in the last for a few days and then reversing to push higher again. For around two weeks, the AUDUSD rested on and enjoyed solid support from the key 0.7250 level having surged higher in the week prior through the key level, and this level may provide some support should the AUDUSD decline.
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US30 - Remains Under Resistance at 30000 as Economic Outlook ‘extraordinarily uncertain’
on December 2, 2020
| By Graeme Watkins
|
US30
In the last few weeks the US30 index has applied lots of pressure on the key 30000 level which has stood up and resisted prices firmly keeping the index below this level for the most part. This has happened especially in the last week where every day the index has moved to 30000 attempting to push through, although it has been able to move through to a new all time high. During this time it has also been well supported by the 29000 level. In the last three weeks it has traded above this key level in a range up to 30000 and three weeks ago, the US30 index made its first run towards 30000 and in doing so, smashed through resistance at 29000, which has applied downward pressure on the index for some time. In that initial surge higher, it also pushed strongly through 27000 and 28000 which have play a significant role in the price action of the US30 in the last few months. Having supported prices for the last three weeks, the 29000 will be expected to continue to prop up the index.
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