Crude Oil has been pushing quietly higher the last two months, but is now testing an extremely important resistance level at $87.45. How price reacts to this two-year resistance level could spark the next major wave of price movement.
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The S&P 500 Index ($SPX) has been trending steadily higher since 1,040, rallying over 100 points in the last four weeks. However, price is beginning to show signs of weakness, which could lead to a near-term retracement soon. Here’s my outlook for the week..
The Natural Gas futures contract has been on a bearish tear lately, dropping steadily from the $4.80 level down to the current area of $4.30. However, the commodity is now winding up for another potential breakout opportunity, which could spark the next big move. Here’s why..
The Silver futures contract has enjoyed a nice run of strength lately, but is beginning to stall at a clear area of pivot confluence. Also, one of my favorite candlestick reversal patterns has just fired a short signal, which means a round of weakness could be seen ahead!
