-
Emini S&P December choppy again as we try to retest the all time high at 6053.
The low & high for the last session were 5976 - 6044. -
Emini Nasdaq December tests resistance at 20960/990 & holds below 21090
Last session high & low for the last session were: 20755- 21024. -
Emini Dow Jones December bounced from support at 44640/560 to a new all time high at 45002.
Last session high & low for the last session were: 44532 - 45002.
Emini S&P December futures
-
Emini S&P made a low for the day exactly at minor support at 5980/70.
-
A break below 5960 therefore should be a short term sell signal targeting 5930/25.
-
Obviously bulls must clear 6055 to be fully in control again targeting 6078/80 & 6095/99, perhaps as far as 6126/31.
Nasdaq December futures
-
Resistance again at 20960/990. Shorts need stops above 21090.
-
A break higher targets 21140 & 21190.
-
It's difficult to find tradeable levels on the downside as we have been consolidating for 2 months.
-
There maybe minor support at 20870/830 but a break below 20750 risks a slide to the best support for this week again at 20420/380 & longs need stops below 20300.
-
Just note that the last 6 daily candles have long lower wicks so it's obviously buyers are ready to jump in aggressively on weakness.
Emini Dow Jones December futures
-
Longs at support at 44640/560 worked perfectly on the bounce towards my target of 45020/050 & even 45400 is possible this week.
-
If we continue higher look for 45610/650.
-
Support at 44580/520 & longs need stops below 44450.
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.
Recommended content
Editors’ Picks
EUR/USD trades deep in red below 1.0300 after strong US jobs report
EUR/USD stays under bearish pressure and trades below 1.0300 in the American session on Friday. The US Dollar benefits from the upbeat jobs report, which showed an increase of 256,000 in Nonfarm Payrolls, and forces the pair to stay on the back foot heading into the weekend.
GBP/USD drops toward 1.2200 on broad USD demand
GBP/USD extends its weekly slide and trades at its weakest level since November 2023 below 1.2250. The data from the US showed that Nonfarm Payrolls rose by 256,000 in December, fuelling a US Dollar rally and weighing on the pair.
Gold ignores upbeat US data, approaches $2,700
Following a drop toward $2,660 with the immediate reaction to strong US employment data for December, Gold regained its traction and climbed towards $2,700. The risk-averse market atmosphere seems to be supporting XAU/USD despite renewed USD strength.
Sui bulls eyes for a new all-time high of $6.35
Sui price recovers most of its weekly losses and trades around $5.06 at the time of writing on Friday. On-chain metrics hint at a rally ahead as SUI’s long-to-short ratio reaches the highest level in over a month, and open interest is also rising.
Think ahead: Mixed inflation data
Core CPI data from the US next week could ease concerns about prolonged elevated inflation while in Central and Eastern Europe, inflation readings look set to remain high.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.