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GOLD: Bullish, Risk Remains Higher On Further Strength

GOLD: The commodity looks to recover further higher. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for a move lower towards the 1,220.00 level. Below here if seen could trigger further downside pressure targeting the 1,210.00 level. Conversely, resistance resides at

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CRUDE OIL: Weakens, Extends Bear Pressure

CRUDE OIL: The commodity extend its Tuesday losses on Wednesday opening the door for more declines. On the downside, support resides at the 47.00 level where a break will expose the 46.00 level. A cut through here will set the stage for a run at the 45.00 level. Further down, support resides at the 44.00 level. Its daily RSI is bearish and pointing

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How Your Beliefs Are Sources Of Great Power

The power of beliefs is a double-edged sword that can cut both ways. It can help you and it can hurt you. Take the placebo effect, and the fact that physicians have been doling out sugar pills forever with amazing results. Or, I’m sure you’ve no doubt heard about people that were diagnosed with some horrible and incurable disease only to go into

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EURUSD: Bullish, Threatens Further Upside Pressure

EURUSD: With the pair rallying back above its key resistance, further bullishness is likely. On the upside, resistance comes in at 1.0850 level with a cut through here opening the door for more upside towards the 1.0900 level. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Its daily RSI is bullish and pointing higher suggesting

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Is There Any Thing Like A Perfect Setup?

This endeavor of futures trading attracts people from all walks of life. They can be doctors, housewives, or entrepreneurs (who are generally a good fit as they are risk takers to begin with). That said, there is one profession in particular that seems to have a special affinity for speculating in the financial markets. These individuals are an extremely bright lot and are

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GBPUSD: Bullish, Targeting Further Upside Pressure

GBPUSD: The pair remains on the offensive leaving risk higher in the days ahead. Support lies at the 1.2350 level where a break will turn attention to the 1.2300 level. Further down, support lies at the 1.2250 level. Below here will set the stage for more weakness towards the 1.2200 level. Conversely, resistance stands at the 1.2450 levels with a turn above here

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EURUSD: Bullish, Faces Further Recovery Higher

EURUSD: With the pair closing higher the past week, further recovery is envisaged. On the upside, resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 level. Its weekly RSI bullish and pointing higher suggesting further upside

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USDCHF: Risk Remains To The Downside On Bear Pressure

USDCHF: The pair weakened the past week leaving risk to the downside into the new week. On the downside, support lies at the 0.9950 level. A turn below here will open the door for more weakness towards the 0.9900 level and then the 0.9850 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the

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