Emini Dow Jones _ Nasdaq September contract

Emini Dow Jones first resistance at 25660/680. A break above 25700 targets 25780/790 & above 25820 meets strong resistance at 25900/930. Try shorts with stops above 25960. A break higher targets 26140/160. First support at 25550/520 but below 5490 risks a slide to 25350 & minor support at 25270/250 with strong support at 25125/100. Longs need stops below 25020. A break lower tests 500 day moving average support at 24960/940.

Nasdaq holding first resistance at 7430/40 re-targets 7390/85. On further losses look for 7345/40, perhaps as far as 7300/7290. First resistance at 7530/40 but above 7550 targets strong resistance at 7585/95. A break above 7605 targets strong resistance at 7645/55. Shorts need stops above 7670.A break higher targets resistance at 7710/20.

DJ

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 remains capped below 1.11 growth and trade concerns

EUR/USD is drifting off the highs and trades below 1.11. Weak US data on Wednesday weighs on the dollar and souring US-Sino relations weigh on sentiment. 

EUR/USD News

GBP/USD falls below 1.28 as DUP casts doubts about the Brexit deal

GBP/UDS is trading below 1.28, down on the day. The DUP has issued a statement rejecting critical elements of the deal. UK PM Johnson continues negotiating with lawmakers in London and finalizing details in Brussels ahead of today's EU Summit.

GBP/USD News

USD/JPY: stuck in a range above mid-108.00s pivotal point

The pair was seen consolidating the recent gains to over two-month tops. The near-term bias might have already shifted in favour of bullish traders.

USD/JPY News

US Retail Sales: Reports of their death have been greatly exaggerated

Retail sales unexpectedly fell in September for the first time in seven months and the GDP component control group was flat, eliciting concerns that the manufacturing contraction might be starting to damage the far larger consumer sector.

Read more

Gold: Under pressure in Asia, $1,477 is key support

Gold created an inside bar candle on Wednesday, signaling indecision in the market. A break below the candle's low of $1,477 would put the bears in a commanding position.

Gold News

Forex Majors

Cryptocurrencies

Signatures