Forex Daily Forecast, Analysis and Prediction

Natural gas markets went back and forth during the trading session on Friday, as we continued to see a lot of trouble with oversupply.

The S&P 500 broke down rather significantly during trading on Friday, as the Chinese have reacted to the US tariffs finally.

The US dollar looks likely to attempt to break down below the ¥105 level during the trading session on Monday, which of course has been a solid support level in the past.

The WTI markets have broken down significantly during the trading session on Friday, slicing through the $55 level.

Gold markets initially dipped a little bit during the trading session on Friday, reaching down towards the $1500 level.

The NASDAQ 100 got absolutely hammered during the trading session on Friday for several different reasons.

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Gold markets initially pulled back a bit during the New York trading session on Thursday but found enough buyers underneath near the $1500 level to turn the market around and form a bit of a hammer.

The West Texas Intermediate crude market initially tried to rally during the New York trading session on Thursday, running into a significant amount of resistance.

The US dollar fell a bit during the early New York trading session before bouncing on Thursday and we continued to see a lot of back and forth against the Japanese yen.

The S&P 500 pulled back a bit during the trading session on Thursday but has also found quite a bit of support to turn things right back around to form a hammer.

Natural gas markets initially tried to rally during the trading session on Thursday to slam into the $2.20 level.

The NASDAQ 100 fell initially during trading on Thursday but has turned around to show resiliency again at the 50 day EMA. That being the case, it looks as if we are trying to break out above the resistance at the 7800 level.