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Free Technical Analysis Reports

Daily free technical analysis reports with trade signals.

Reports for
17/08/2017
  • WTI Crude
    17/08/17
    WTI Crude breaks strong support at 4730/20. As stated yesterday: Because this is important support, a break lower is a sell signal. Be ready to reverse in to a short on a break below 4685 targeting 4650/45 & 4625/20. (These are only targets, not supports). On further losses look for 4595/85 & 4555, before support at 4535/25 for profit taking on all remaining shorts. First resistance at 4720/30. Try shorts with stops above 4760. An unexpected recovery above here however puts bulls back in control targeting 4790/99 & perhaps as far as strong resistance at 4845/55.
  • Dax
    17/08/17
    Dax holding strong resistance at 12290/300 perfectly for a dip back to 12206 before the best support for today at 12165/175. A break lower however targets 12130/125 then good support at 12080/070. Longs need stops below 12050. On further losses we have a gap to fill at 12020/005. Holding below 12165/175 allows another recovery to 12240/250 before strong resistance at 12290/300 for profit taking on any longs. Strong Fibonacci resistance just above at 12315/325 coincides with the August high so is the main challenge for bulls today. Shorts need stops above 12350.
  • Gold
    17/08/17
    Gold reaches the 1282/83 target as we look for 1287/88 before the 1291/92 Monday high. We then test the all important double top high for this year at 1295/96. Eventually this is likely to be broken - of course I do not know the timing. A weekly close above here on Friday would be bullish confirmation. Bulls remain in control as predicted with first support at 1279/78. This could hold the downside but below here meets a better buying opportunity at 1272/71 of course. Try longs with stops below 1266. An unexpected break lower is a sell signal & sees 1270/72 act as resistance to target 1264/63 & support at 1258/56. THIS IS THE IS THE MOST IMPORTANT SUPPORT OF THE WEEK. IF THIS HOLDS WE CAN BELIEVE THE LONGER TERM BULL TREND HAS STARTED.
  • GBPUSD
    17/08/17
    GBPUSD holding strong support at 1.2850/45 perfectly with a bounce only missing the first target of 1.2905/10 by 2 pips. Try longs again on a retest of 1.2850/45 with stops below the July low at 1.2808. A break lower however is a sell signal seeing 1.2845/50 act as strong resistance to target 1.2760 & perhaps as far as 1.2740/30. The pair are oversold so I still hope for a further recovery from strong support at 1.2850/45 to target 1.2905/10 & 1.2925/30. Watch for a high for the day. However on further gains we target a selling opportunity at 1.3000/10. Shorts need stops above 1.3035.
  • EURUSD
    17/08/17
    EURUSD still trading sideways exactly as predicted over a week ago. First resistance at 1.1765/75 is the main challenge for bulls today & as I write we topped exactly here but shorts need stops above 1.1800. A break higher targets 1.1840/45 & perhaps as far as 1.1875/80 before the 1.0909 high. We CAN break above here this week so be ready to buy a break above 1.1925 targeting 1.1975/80 & 1.2020/25. Failure to beat first resistance at 1.1765/75 re-targets a buying opportunity at 1.1685/80 which worked so perfectly yesterday as predicted. Try longs again with stops below 1.1650. A break lower however is a short term sell signal seeing 1.1680/85 act as strong resistance to target 1.1620/10.
  • USDJPY
    17/08/17
    USDJPY remains in a 5 week bear trend exactly as predicted as we reach strong support at 110.10/00. Try longs with stops below 109.80. A break lower however sees 110.05/10 act as strong resistance targeting 109.60/50 & perhaps as far as 109.20/10. Holding the best support for today at 110.10/00 allows a recovery to 110.45 but strong resistance at 110.85/95 is a selling opportunity again with stops above 111.20. An unexpected break higher is a buy signal seeing 110.95/90 act as support to target 111.41/45 & quite strong resistance at 111.60/65.
  • AUDUSD
    17/08/17
    AUDUSD low for the 3 week correction was seen exactly at first support at 7805/00 as expected. We hit the target & strong resistance at 7890/7900 for profit taking on longs. However shorts have been stopped above 7925 with the break higher to target minor resistance at 7955/59 & minor resistance again at 7997/8000. Above here allows a recovery to towards the July high at 8065. First support at 7900/7890 could now hold the downside with the correction over. However longs need stops below 7875. An unexpected break lower risks a slide to a buying opportunity at 7805/00.
Reports for
10/08/2017
  • Emini Dow Jones
    10/08/17
    Emini Dow Jones obviously very overbought with a minor negative candle om Tuesday after we hit a new all time high, but closed lower on the day. First support at 21986 is minor & below targets 21945/940 then good support at 21895/885. A bounce from here likely in the bull trend but longs need stops below 21860. A break lower targets 21830 then an excellent buying opportunity at 21765/755. Try longs with stops below 12700. First resistance at 22040/045 holding as I write, but above here targets 22080/085 before the new all time high at 22132. On a break higher look for 22180/190.
  • Bund
    10/08/17
    Bund geting overbought so gains are likely to be limited but a break above 164.02/05 targets 164.12/15 & 164.32/35. First support at 163.52/48 could hold the downside. However below 16.40 risks a slide to strong support at 163.15/11. Try longs with stops below 162.95.
  • Ftse
    10/08/17
    FTSE holding first support at 7456/50 keeps bulls in short term control to re-target 7496/99. A break higher targets 7511/14 & perhaps as far as 7540/7550 before the June high at 7585/89. Failure at support at 7456/50 re-targets a buying opportunity at 7415/10. Longs need stops below 7390. A break below 7390 however targets strong support at 7372/68.
  • Eurostoxx
    10/08/17
    EuroStoxx first resistance at 3480/84 is key to direction. Holding here re-targets 3462/58 & 3443/41 before support at the June/July low at 3428/25. A break lower meets 23.6% Fibonacci support at 3411/08. This could mark a low for correction, but longs need stops below the gap at 3391/84. Above 3490 allows a recovery to 3505/08 before strong 5 month (rising) trend line resistance at 3523/27 today. Shorts need stops above the July high & 2.5 month trend line resistance at 3532/35. It is only above here that bulls are back in full control of the longer term trend & we should test minor resistance at 3560/64, perhaps as far as 3590/94.
  • AUDUSD
    10/08/17
    AUDUSD holding below first resistance at 7900/05 should eventually target 7845/41 & perhaps as far as 7810/00 before the weekend. Exit shorts & try longs here with stops below 7775. First resistance at 7955/59 if we unexpectedly manage a recovery. Above here meets weaker resistance at 7997/8000. Above here allows a recovery to towards the high last week at 8065. Bulls need a break above here this week to disregard the negative signals & for a buy signal targeting 8095/99 & quite strong resistance at 8165/70 for some profit taking on longs.
  • USDJPY
    10/08/17
    USDJPY bears in control as we break the 109.90/82 low & bottomed exactly at the next target of 109.60/50. A break below here today targets quite good support at 109.35/30 & again at 109.15/10. Within this 25 pip area we could see a low for the day. A break lower however targets the June low at 108.80. First resistance at 110.20/24 on this bounce. Above 110.40 allows a further recovery to a selling opportunity at 110.65/70. Try shorts with stops above 110.95.
  • EURUSD
    10/08/17
    EURUSD bottomed just 2 pips from our buying opportunity at 1.1685/80 & bounced right back to first resistance at 1.1770/75. Holding below here (as I expect) re-targets 1.1730/26 before a buying opportunity at 1.1685/80. Try longs with stops below 1.1640. First resistance at 1.1770/75 but shorts here need stops above 1.1810. A break higher allows a recovery to 1.1875/80 before the 1.0909 high. I don't think we can break above here this week. However be ready to buy an unexpected break above 1.1925 targeting 1.1975/80 & 1.2020/25.
  • GBPUSD
    10/08/17
    GBPUSD first resistance at 1.3005/15 could hold a rally. Shorts need stops above 1.3030 for a further recovery to resistance at 1.3075/80 & perhaps as far as strong resistance at 1.3100/10. Try shorts with stops above 1.3150. If we continue higher look for 1.3185/95. Holding below 1.3015/05 (as is likely) targets 3 week lows at 1.2935/30. Below here we look for strong support at 1.2850/45. Try longs with stops below 1.2810.
  • Gold
    10/08/17
    Gold bulls remain in control as we hit all targets as far as 1276/77. Above 1279 today targets 1283 & 1289 before the 1295 double top high for this year. I think this will be broken on the third test for an added buy signal. First support at 1274/73 but below here risks a slide to good support at 1269/68. Longs need stops below 1265. On further losses look for a better buying opportunity at 1262/61. Try longs with stops below 1255.
  • WTI Crude
    10/08/17
    WTI Crude strong 5 month trend line resistance now at 4965/75. Shorts need stops above 5000. A break higher tests the recovery high of 5041. A sustained break above the 5041 high is obviously required this week for a new buy signal initially targeting 5095/99. There is a 15 month trend line within the 5120-5130 area. Try shorts with stops above 5200. Minor support at 4920/30 but below here targets 4870 before the best support today at 4850/40. Again if you try longs, stop below 4815. A break lower is a sell signal targeting 4790 & strong support at 4730/20.
  • S&P
    10/08/17
    Emini S&P holding first support at 2469/67 (as I write) allows a recovery to 2472/73 & 2476/77, perhaps as far as minor resistance at 2481/82. Above the new all time high at 2488/89 targets 2496/99 but we meet important resistance from the rising longer term trend line at 2510/15. First support at 2469/67 is key to direction. Failure to hold above here targets 2464/63 & support at 2458/56. Watch for a bounce from here (again) in the bull trend but longs need stops below 2451. Further losses target 2447/46 before a buying opportunity at 2439/37.
  • Dax
    10/08/17
    Dax bounced towards the 12180/185 level. On further gains look for first resistance at 12220/230 which could hold a rally again today. A break higher targets stronger resistance at 12290/300. We over ran this level to 12325/331 on Monday & Tuesday so a break above 12340 is a short term buy signal targeting 12375/380 & perhaps as far as strong resistance at 12410/420 for some profit taking on longs. Failure to beat minor resistance at 12180/185 re-targets 12150/145 before the 12088/085 low. From here down to strong support at 12060/050 is probably the best chance of a low for the correction as well we know...& held last week. Try longs on the approach again with stops below 12000. A break below 12000 however is another sell signal targeting 11975 & 11945/940 this week.
Reports for
09/08/2017
  • Emini Dow Jones
    09/08/17
    Emini Dow Jones obviously very overbought with a minor negative candle yesterday as we hit a new all time high but closed lower on the day. First support at 21986 is minor & below targets 21945/940 then good support at 21895/885. A bounce from here likely in the bull trend but longs need stops below 21860. A break lower targets 21830 then an excellent buying opportunity at 21765/755. Try longs with stops below 12700. First resistance at 22040/045 but above here targets 22080/085 before the new all time high at 22132. On a break higher look for 22180/190.
  • Bund
    09/08/17
    Bund first resistance at 163.46/49 of course. A break above 163.60 targets 163.88/91, 164.02/05 & 164.12/15. On further gains look for 164.32/35. Failure to beat Fibonacci resistance at 163.46/49 again today re-targets minor support at 163.22/18 before better support at 162.98/95. Watch for a bounce from here once again. However further losses meet strong support at 162.69/65. Try longs with stops below 162.50.
  • Ftse
    09/08/17
    FTSE must hold key support at 7456/50 to re-target 7496/99. A break higher targets 7511/14 & perhaps as far as 7540/7550 before the June high at 7585/89. First support at 7456/50 could hold the downside (it certainly did Monday & yesterday as expected) but below here targets a buying opportunity at 7415/10. Longs need stops below 7390.
  • Eurostoxx
    09/08/17
    EuroStoxx key to direction is strong 5 month (rising) trend line resistance at 3520/25 today. A break higher is a buy signal therefore targeting the July high & 2.5 month trend line resistance at 3534/38. It is only above here that bulls are back in full control of the longer term trend & we should see minor resistance at 3560/64, perhaps as far as 3590/94. Holding below 3500 risks a slide to first support at 3484/80 for a buying opportunity with stops below 3470. A break lower is more negative targeting 3462/58 & 3443/41 before support at the June/July low at 3428/25. A break lower meets 23.6% Fibonacci support at 3411/08. This could mark a low for correction, but longs need stops below the gap at 3391/84.
  • Dax
    09/08/17
    Dax holding minor support at 12220/230 re-targets the main challenge for bulls at 12290/300. We over ran this level to 12325/331 on Monday & Tuesday so a break above 12340 is a short term buy signal targeting 12375/380 & perhaps as far as strong resistance at 12410/420 for some profit taking on longs. First support at 12230/220 held in to the close but further losses target 12180/185 & 12150/145 before the 12088/085 low. Strong support at 12060/050 is probably the best chance of a low for the correction as well we know...& held last week. Try longs on the approach again with stops below 12000. A break below 12000 however is another sell signal targeting 11975 & 11945/940 this week.
  • S&P
    09/08/17
    Emini S&P first support at 2469/67 is key to direction. Failure to hold above here targets 2464/63 & support at 2458/56. Watch for a bounce from here in the bull trend but longs need stops below 2451. Further losses target 1247/46 but look for a buying opportunity at 2439/37. Holding first support at 2469/67 allows a recovery to 2472/73 & 2476/77, perhaps as far as minor resistance at 2481/82. Above the new all time high at 2488/89 targets 2496/99 but we meet important resistance from the rising longer term trend line at 2510/15.
  • WTI Crude
    09/08/17
    WTI Crude minor resistance at 4920/30 but above here re-targets quite strong 5 month trend line resistance at 4980/90. Shorts need stops above the recovery high of 5041. (Watch for a double top high & sell signal). A sustained break above the 5041 high is obviously required this week for a new buy signal initially targeting 5095/99. There is a 15 month trend line within the 5120-5130 area. Try shorts with stops above 5200. Failure to beat minor resistance at 4920/30 targets 4870 before the best support today at 4850/40. Again if you try longs, stop below 4815. A break lower is a sell signal targeting 4790 & strong support at 4730/20.
  • Gold
    09/08/17
    Gold bulls managed to hold prices above the 100 day moving average at 1253/52 after we plunged below support at 1258/57. It appears they remain in control as we hold above 1257/58. Bulls now must beat minor resistance at 1263 to target 1266 before last week's high at 1273/74. If we continue higher look for 1276/77. Above 1279 then targets 1283 & 1289 before the 1295 double top high for this year. I think this will be broken on the third test for an added buy signal. Failure to hold above 1258/56 should be more negative & below the 100 day moving average at 1253/52 should be a sell signal targeting 1249/47, 1243 & 1240/39. On further losses look for 1235/34 & perhaps as far as support at 1232/31.
  • GBPUSD
    09/08/17
    GBPUSD first resistance at 1.3005/15 could hold a rally. Shorts need stops above 1.3030 for a recovery to resistance at 1.3075/80 & perhaps as far as strong resistance at 1.3100/10. Try shorts with stops above 1.3150. If we continue higher look for 1.3185/95. Holding below 1.3015/05 (as is likely) targets 3 week lows at 1.2935/30. Below here we look for strong support at 1.2850/45. Try longs with stops below 1.2810.
  • EURUSD
    09/08/17
    EURUSD retracing some of last week's gains & now holding below support at 1.1775/70 is more negative of course. We target 1.1730/26 before a buying opportunity at 1.1685/80. Try longs with stops below 1.1640. First resistance at 1.1770/75 but shorts here need stops above 1.1810. A break higher allows a recovery to 1.1875/80 before the 1.0909 high. I don't think we can break above here this week. However be ready to buy an unexpected break above 1.1925 targeting 1.1975/80 & 1.2020/25.
  • USDJPY
    09/08/17
    USDJPY bears in control as we target 110.50 & 110.29/26 before the 109.90/82 low, which is likely to be the best support for today. A break below 109.70 however targets 109.60/50 before quite good support at 109.30/25. Exit shorts & try longs with stops below 109.00. A break lower targets the June low at 108.80. First 23.6% Fibonacci resistance at 110.90/95 doing the job perfectly so far this week. Shorts need stops above 111.10. A break higher is a short term buy signal targeting 111.30/33 then resistance at 111.58/62. We should struggle here as we become overbought short term so watch for a high for the day. Shorts need stops above 111.80. A break higher again then targets 112.03/08& the 2-3 week highs at 112.18/40.
  • AUDUSD
    09/08/17
    AUDUSD hovering around support at 7905/00 for about half a day. Be ready to sell a break below 7885 for a sell signal targeting 7845/41 then 7810/00. Exit shorts & try longs with stops below 7775. First resistance at 7955/59 if we unexpectedly manage a recovery. Above here meets weaker resistance at 7997/8000. Above here allows a recovery to towards the high last week at 8065. Bulls need a break above here this week to disregard the negative signals & for a buy signal targeting 8095/99 & quite strong resistance at 8165/70 for some profit taking on longs.
Reports for
08/08/2017
  • AUDUSD
    08/08/17
    AUDUSD hovering around support at 7905/00 for about half a day. Be ready to sell a break below 7885 for a sell signal targeting 7845/41 then 7810/00. Exit shorts & try longs with stops below 7775. First resistance at 7955/59 if we unexpectedly manage a recovery. Above here meets weaker resistance at 7997/8000. Above here allows a recovery to towards the high last week at 8065. Bulls need a break above here this week to disregard the negative signals & for a buy signal targeting 8095/99 & quite strong resistance at 8165/70 for some profit taking on longs.
  • Emini Dow Jones
    08/08/17
    Emini Dow Jones hits 22081. On further gains look for 22100/110 & 22180/190. Obviously we are very overbought, especially after 10 consecutive days of gains but we would have to be crazy to pick a top at this stage without a sell signal. Minor support at 22040/030 (held to within 5 ticks yesterday) then better support at 21940/930. Try longs with stops below 21900. On further losses look for a buying opportunity at 21870/860, with stops below 21810.
  • Bund
    08/08/17
    Bund first resistance at 163.46/49 of course. A break above 163.60 targets 163.88/91, 164.02/05 & 164.12/15. On further gains look for 164.32/35. Failure to beat Fibonacci resistance at 163.46/49 again today re-targets minor support at 163.22/18 before better support at 162.98/95. Watch for a bounce from here once again. However further losses meet strong support at 162.69/65. Try longs with stops below 162.50.
  • Ftse
    08/08/17
    FTSE must hold above the July high at 7452 to ensure further gains targeting 7496/99 & 7511/14. We could continue higher this week as far as 7540/7550 before the June high at 7585/89. First support at 7454/50 could hold the downside (it certainly did yesterday as expected) but below here targets a buying opportunity at 7415/10. Longs need stops below 7390.
  • Eurostoxx
    08/08/17
    EuroStoxx key to direction is strong 5 month (rising) trend line resistance at 3510/20. A break higher is a buy signal therefore targeting the July high & 2.5 month trend line resistance at 3534/38. It is only above here that bulls are back in full control of the longer term trend & we should see minor resistance at 3560/64, perhaps as far as 3590/94. First support at 3484/80 is a buying opportunity with stops below 3470. A break lower is more negative targeting 3462/58 & 3443/41 before support at the June/July low at 3428/25. A break lower meets 23.6% Fibonacci support at 3411/08. This could mark a low for correction, but longs need stops below the gap at 3391/84.
  • Dax
    08/08/17
    Dax holding minor support at 12220/230 re-targets the main challenge for bulls at 12290/295. A break above 12340 is a short term buy signal targeting 12375/380 & perhaps as far as strong resistance at 12410/420 for some profit taking on longs. First support at 12230/220 held but further losses target 12180/185 & 12150/145 before the 12088/085 low. Strong support at 12060/050 is probably the best chance of a low for the correction as well we know...& held last week. Try longs on the approach again with stops below 12000. A break below 12000 however is another sell signal targeting 11975 & 11945/940 this week.
  • S&P
    08/08/17
    Emini S&P sideways last week as predicted as we head towards the all time high at 2479.25 this week. Above 2480/81 targets 2496/99 but we meet important resistance from the rising longer term trend line at 2510/15. First support at 2471/69 is minor but better support at 2463/62 could hold the downside. Longs need stops below 2459. A break lower targets 2454 & good support at 2452/51. Bulls are not going to roll over & let bears take control so a bounce from here is likely & may reach 2461/62. A break below 2447 however risks a slide as far as 2443/42.
  • WTI Crude
    08/08/17
    WTI Crude bulls clearly have not given up & we are holding above 4920/30 as I write again on ties morning. We target quite strong 5 month trend line resistance at 4980/90> Shorts need stops above the recovery high of 5041. (Watch for a double top high & sell signal). A sustained break above the 5041 high is obviously required this week for a new buy signal initially targeting 5095/99. There is a 15 month trend line within the 5120-5130 area. Try shorts with stops above 5200. First support at 4920/30 is quite minor but below here targets 4870 before the best support today at 4850/40. Again if you try longs, stop below 4815. A break lower is a sell signal targeting 4790 & strong support at 4730/20.
  • Gold
    08/08/17
    Gold bulls remain in control only if we hold above 1257/58. Bulls then need to beat minor resistance at 1262/63 to target 1266 before last week's high at 1273/74. If we continue higher look for 1276/77. Above 1279 then targets 1283 & 1289 before the 1295 double top high for this year. I think this will be broken on the third test for an added buy signal. Failure to hold above 1258/57 however is more negative & signals a false breakout last week. Further losses initially target 1249/47. A break below 1243 risks a slide to 1240/39 then 1235/34 & perhaps as far as support at 1232/31.
  • GBPUSD
    08/08/17
    GBPUSD still holding Fibonacci support at 1.3015/05 which is obviously the important support for today. Holding here allows a recovery to first resistance at 1.3075/80. This is the main challenge for bulls today but shorts need stops above 1.3110. A break higher targets 1.3150/60. If we continue higher look for 1.3185/95. Watch key support at 1.3015/05 today. A break below 1.2980 is an added sell signal targeting 3 week lows at 1.2935/30. Below here we look for strong support at 1.2850/45. Try longs with stops below 1.2810.
  • USDJPY
    08/08/17
    USDJPY first 23.6% Fibonacci resistance at 110.90/95. Shorts need stops above 111.10. A break higher is a short term buy signal targeting 111.30/33 then resistance at 111.58/62. We should struggle here as we become overbought short term so watch for a high for the day. Shorts need stops above 111.80. A break higher again then targets 112.03/08& the 2-3 week highs at 112.18/40. Failure to beat first 23.6% Fibonacci resistance at 110.90/95 keeps bears in control targeting 110.50 & 110.29/26. Further losses retest the 109.90/82 low. A break below 109.75 is not out of the question & targets 109.60/50 before quite good support at 109.25/15. Exit shorts & try longs with stops below the June low at 108.80. A break lower targets 108.54/50 & the low for 2017 at 108.15/11.
  • EURUSD
    08/08/17
    EURUSD holding above support at 1.1775/70 keeps bulls in the game but I suspect we will trade mostly sideways this week. Above the 200 week moving average at 1.1800/10 allows a recovery to 1.1875/80 before the 1.0909 high. I don't think we can break higher this week. However be ready to buy a break above 1.1925 targeting 1.1975/80 & 1.2020/25. Holding below 1.1760 is more negative & risks a slide to 1.1730/26 before a buying opportunity at 1.1685/80. Try longs with stops below 1.1640.
Reports for
07/08/2017
  • Eurostoxx
    07/08/17
    EuroStoxx key to direction is strong 5 month (rising) trend line resistance at 3510/20. A break higher is a buy signal therefore targeting the July high & 2.5 month trend line resistance at 3534/38. It is only above here that bulls are back in full control of the longer term trend & we should see minor resistance at 3560/64, perhaps as far as 3590/94. First support at 3484/80 is a buying opportunity with stops below 3470. A break lower is more negative targeting 3462/58 & 3443/41 before support at the June/July low at 3428/25. A break lower meets 23.6% Fibonacci support at 3411/08. This could mark a low for correction, but longs need stops below the gap at 3391/84.
  • EURUSD
    07/08/17
    EURUSD holding above support at 1.1775/70 keeps bulls in the game but I suspect we will trade mostly sideways this week. Above the 200 week moving average at 1.1800/10 allows a recovery to 1.1875/80 before the 1.0909 high. I don't think we can break higher this week. However be ready to buy a break above 1.1925 targeting 1.1975/80 & 1.2020/25. Holding below 1.1760 is more negative & risks a slide to 1.1730/26 before a buying opportunity at 1.1685/80. Try longs with stops below 1.1640.
  • AUDUSD
    07/08/17
    AUDUSD bounces from just below support at 7905/00 with first resistance at 7959/55. Above here meets weaker resistance at 7997/8000. Above here allows a recovery to towards the high last week at 8065. Bulls need a break above here this week to disregard the negative signals & for a buy signal targeting 8095/99 & quite strong resistance at 8165/70 for some profit taking on longs. The main challenge for bulls today is first resistance at 7955/59. Failure here re-targets 7925 then support at 7905/00. A good chance of a bounce from here on the first test today but longs need stops below 7880 once again. (Look to take profit at 7955 & 7990). A break below 7885 however is a sell signal targeting 7845/41 then 7810/00.
  • Emini Dow Jones
    07/08/17
    Emini Dow Jones hits 22081. On further gains look for 22100/110 & 22180/190. Obviously we are very overbought, especially after 10 consecutive days of gains but we would have to be crazy to pick a top at this stage without a sell signal. Minor support at 22040/030 then better support at 21940/930. Try longs with stops below 21900. On further losses look for a buying opportunity at 21870/860, with stops below 21810.
  • Bund
    07/08/17
    Bund first resistance at 163.46/49 of course. A break above 163.60 targets 163.88/91, 164.02/05 & 164.12/15. On further gains look for 164.32/35. Failure to beat Fibonacci resistance at 163.46/49 again today re-targets minor support at 163.22/18 before better support at 162.98/95. Watch for a bounce from here once again. However further losses meet strong support at 162.69/65. Try longs with stops below 162.50.
  • Ftse
    07/08/17
    FTSE makes a clean break of 8 week trend line resistance at 7410/15 & through the July high at 7452 targeting 7496/99 & 7511/14. We could continue higher this week as far as 7540/7550 before the June high at 7585/89. First support at 7454/50 could hold the downside but below here a buying opportunity at 7415/10. Longs need stops below 7390.
  • S&P
    07/08/17
    Emini S&P sideways last week as predicted. First support at 2463/62 could hold the downside again today but below 2460 targets 2454 & good support at 2452/51. Bulls are not going to roll over & let bears take control so a bounce from here is likely & may reach 2461/62. A break below 2447 however risks a slide as far as 2443/42. A break above 2480/81 targets 2496/99 but we meet important resistance from the rising longer term trend line at 2510/15.
  • WTI Crude
    07/08/17
    WTI Crude bulls clearly have not given up & we are holding above 4920/30 as I write to target quite important 5 month trend line resistance at 4980/90. A sustained break above the 5041 high is obviously required this week for a new buy signal initially targeting 5095/99. There is a 15 month trend line within the 5120-5130 area. Try shorts with stops above 5200. First support at 4920/30 is quite minor but below here targets 4870 before the best support today at 4850/40. Again if you try longs, stop below 4815. A break lower is a sell signal targeting 4790 & strong support at 4730/20.
  • GBPUSD
    07/08/17
    GBPUSD holding Fibonacci support at 1.3015/05 which is obviously the important support for today. Holding here allows a recovery to first resistance at 1.3075/80. This is the main challenge for bulls today but shorts need stops above 1.3110. A break higher targets 1.3150/60. If we continue higher look for 1.3185/95. Watch key support at 1.3015/05 today. A break below 1.2980 is an added sell signal targeting 3 week lows at 1.2935/30. Below here we look for strong support at 1.2850/45. Try longs with stops below 1.2810.
  • USDJPY
    07/08/17
    USDJPY first 23.6% Fibonacci resistance at 110.90/95. Shorts need stops above 111.10. A break higher is a short term buy signal targeting 111.30/33 then resistance at 111.58/62. We should struggle here as we become overbought short term so watch for a high for the day. Shorts need stops above 111.80. A break higher again then targets 112.03/08& the 2-3 week highs at 112.18/40. Failure to beat first 23.6% Fibonacci resistance at 110.90/95 keeps bears in control targeting 110.50 & 110.29/26. Further losses retest the 109.90/82 low. A break below 109.75 is not out of the question & targets 109.60/50 before quite good support at 109.25/15. Exit shorts & try longs with stops below the June low at 108.80. A break lower targets 108.54/50 & the low for 2017 at 108.15/11.