London Coffee Pivot Points
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The Brazilian real is traversing a dangerous value range.
Speculative bears are contemplating a powerful trend.
Oversupply concern creates consolidated value.
New month, new year, new highs for German stocks?
The S&P 500 was somewhat sideways over the course of December, and part of that was the hesitancy to jump in with both feet given how stimulus has been held up.
Gold markets have recently been drifting lower, pulling back from the $2100 level which was the recent high.
The euro has had a relatively good end of the year for 2020, so it is likely that we will see a bit of exhaustion in this general vicinity.
The British pound had a relatively choppy month in December as we finally got over the finish line when it came to the Brexit situation.
Without a doubt, the NASDAQ 100 is one of the better performing indices coming out the United States.
The 13300.00 level may be giving speculators within the DAX Index a case of indigestion; several attempts have been made to sustain momentum above this mark in July, September and recently with limited success.
Traders of the USD/INR had to endure a difficult month of November trading.
November produced a strong amount of bearish momentum in the USD/ZAR and may raise suspicious eyebrows from speculators.
The one great thing about trading indices is that in the United States, there always seems to be a reason to buy them.
Silver markets have been rather choppy during the month of November, as we are trying to find stabilization.
Gold markets will be very tricky going into the year’s end.
The euro has rallied significantly over the last several weeks heading into December, showing that the decline of the dollar is still very much on the minds of traders.
The NASDAQ 100 has been somewhat range-bound over the last couple of months, but as we start to look towards December, it is very likely that we will see an attempt to break out.
On the 17th and 18th of November, the USD/PKR proved it has a significant capability to test support levels not challenged since March of this year.
Dumb luck, coincidence or actual impetus witnessed a predicted rise in the price of WTI Crude Oil the past three weeks.
The Euro has been very noisy over the last 30 days, settling on a more bullish attitude than anything else.