Emini Dow Jones _ Nasdaq June contract

Emini Dow Jones bounced back 26417 as I write. Further gains targets 26435/440 then 26470/475 before a retest of last week's high at 26500/510. A break higher targets 26550/570 then 26690/710. Very minor support at 26390/370 then minor support at 26310/300. Expect better support at 26260/240 but longs need stops below 26200.

Nasdaq bounce from minor support at 7598/96 rockets straight back to minor resistance at 7655/60. Markets become more volatile in overbought conditions when they top out. Just be aware, but we wait for a sell signal. Minor support at 7645/40 but below here targets 7625/22. Further losses target 7602 then minor support at 7598/96 again. Bulls obviously need a break above 7665 to target 7683/86 then strong resistance at 7695/7705.

Dow Jones

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD extends slide, nears the 1.1200 figure

The shared currency is suffering from speculation the ECB will steepen easing and German Business Sentiment falling by more-than-anticipated. Upbeat US Retail Sales sent the pair further down toward the 1.1200 figure.

 

EUR/USD News

GBP/USD collapsed to fresh 2019 lows

Robust employment data fell short of supporting the Pound, badly hurt from mounting fears about a hard-Brexit, after PM’s candidates, Johnson and Hunt said that the Irish backstop is “dead” and would seek for a new daily, something the EU is not willing to do.

GBP/USD News

USD/JPY: risk sentiment skews the pair to the downside

Political and economic turmoil in Europe weighed on the market’s sentiment. US Retail Sales seen posting a modest advance in June. USD/JPY to resume its decline if the 107.70 support gives up.

USD/JPY News

Gold in search of a firm direction, stuck in a range ahead of US data/Powell

Gold lacked any firm directional bias and seesawed between tepid gains/minor losses through the mid-European session on Tuesday.

Read more

Gold: Set-up remains in favour of bullish traders; 100-hour SMA marks a key support

Given the recent bullish momentum since late-May, the triangle might still be categorized as a continuation pattern that marks a brief pause and thus, support prospects for a further near-term appreciating move. 

Gold News

Majors

Cryptocurrencies

Signatures