The S&P 500 initially fell during the session on Thursday, but continues to find support below the 2275 handle. The NASDAQ 100 initially fell on Thursday, but found enough support to turn around and form a nice looking hammer.
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The WTI Crude Oil market initially tried to rally during the day on Thursday but found enough resistance above to turn the market around to form and exhaustive candle. The natural gas markets fell a bit during the day on Thursday, but found enough support at the $3.12 reason to turn around to form a hammer.
Gold climbed to the highest level in 11 weeks on Thursday on political uncertainty in the U.S but gave up some of its gains in Asia today as investors awaited the U.S. jobs report.
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Gold prices ended slightly lower Wednesday, ending a three-day streak of gains, as the dollar strengthened on the back of the better-than-expected U.S. data.
The Euro initially fell against the US dollar during the session on Wednesday but found enough support below the 1.0750 level to form a hammer like candle. The British pound initially fell on Wednesday but found enough support below to turn things around to form a rather bullish looking candle for the session.
The S&P 500 went back and forth on Wednesday, as we continue to see support at the 2275 handle. The NASDAQ 100 rallied during the day on Wednesday, breaking the top of the hammer that had formed on Tuesday.
The US dollar rallied against the Japanese yen initially on Wednesday, but ran into quite a bit of resistance above. The AUD/USD pair initially fell on Wednesday, but found enough support to turn things around and form a slightly positive looking candle.
The WTI Crude Oil market had a positive session, but remains within the consolidation area that we have been in for a couple of weeks. Natural gas markets initially tried to rally during the session on Wednesday, but found the $3.25 level to be far too resistive to continue.