The WTI Crude Oil market initially rallied on Wednesday, but continued to find resistance near the $54.50 level. The natural gas markets had a slightly positive session on Wednesday, clearing the $2.75 level.
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The USD/JPY pair broke higher during the session on Wednesday, clearing the top of the hammer from the Tuesday session which of course is a strong buying signal.
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The S&P 500 showed signs of real strength during the day on Wednesday, as we touched the 2400 level. The NASDAQ 100 broke higher as well, reaching towards the 5400 level.
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Get the NZD/USD Forex signal for March 2, 2017 here.
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Get the AUD/USD Forex signal for March 2, 2017 here.
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Get the USD/JPY Forex signal for March 2, 2017 here.
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Get the USD/CAD Forex signal for March 2, 2017 here.
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Get the USD/CHF Forex signal for March 2, 2017 here.
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Get the GBP/USD Forex signal for March 2, 2017 here.
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Get the EUR/USD Forex signal for March 2, 2017 here.
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Gold prices initially fell yesterday but rebounded well off the daily lows and closed the session slightly higher.
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Get the NZD/USD Forex signal for March 1, 2017 here.
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Get the AUD/USD Forex signal for March 1, 2017 here.
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Get the USD/JPY Forex signal for March 1, 2017 here.
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The FTSE 100 had a choppy session during session on Tuesday, but what catches my eye is the fact that we formed a hammer on both Monday and Friday from the previous week, and that the hammer used the 7200 level to bounce and show signs of life again.
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