The Dow Jones Futures contract was able to rally above the moving averages above the 24765.00 level, and stability above these levels may cause further upside.
However, the extension of the bullish trend will require the breach of psychological barrier 25065.00. From the bottom, breaching the 24640.00 level will weaken the positivity significantly.
The direction of the futures: rising above
The price of a barrel of light oil fell to levels below 58.50, and trading below this level is considered negative, especially as it is accompanied by negative signals on both the RSI and the ADX.
The downside may extend, but a break of 57.00 will be necessary later this day to prove the extension of the decline. In general, it is possible to rely on stability below 58.00 to keep the negativity [...]
Gold managed to rise and achieve the first target at 1330.00, stability above this price is positive and may ensure that the rising wave of the first target at 1340.00.
Although any trading above 1330.00 should be considered positive, trading above this level is necessary to prove the positive. Therefore, we see the rally that took place today as just the beginning of a bullish wave, but we con [...]
The US dollar against the Japanese Yen continues to decline and stability below 107.55 will be the reason for the extension in the downside.
We may see the day trying to drop, breaching the 106.40 price is needed to prove the downside move and possibly even below it. The ADX is negative, and the RSI is still continuing to fall. The break of 108.15 may fail to attempt a downside move for the pai [...]
The USDCHF drop continues as expected, and is now trading steady below 0.9350 and this is considered negative and may be cause for further decline.
We are still expecting an extension in the downside. A break of 0.9255 is needed to confirm the pair's bearish extension and also target the 0.9200 break. A break above the 0.9400 level may fail any attempt to drop and restores the positive to the [...]
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