By Ben Turney It’s been a while since I wrote a piece using the MIDAS Method, but there is a developing opportunity in the natural gas market which is starting to look quite enticing. Below is the three year MIDAS chart for natural gas:- As you will note, MIDAS primary support is 16 months old,…
The problem with the markets, is that it is usually at precisely the point when most commentators and traders are in sync, that they are most likely to have got it wrong. For instance, the joy which accompanied the Bank of England receiving its independence in 1997 was totally inappropriate given the way that over…
By Tradeideas.co.uk WTI Crude failed just below 105.95 & broke 105.00/90 to bottom at 104.10, just above the next support at 103.95/75 where we expected a low for the day. The daily chart is still negative with the bearish double top in place but short term we are now oversold after 4 days of losses & a…
European markets opened firmly today owing to better-then-expected import and export figures from China. Both sets of data are encouraging as the improving exports are a sign that demand from the global economy is picking up. In addition, an increase in imports is also an indication that the underlying strength of the Chinese economy is…
The Bank of Japan (BoJ) will be cheered by recent economic data and is, therefore, likely to keep monetary policy on hold at its August meeting. “With the recent economic data probably having been as strong as it might have hoped, and financial markets having been broadly stable, we expect the Policy Board to do…
What a mess Sirius (SXX) – without its Minerals, so far has proved to be! And how this situation has nosedived in such a short space of time… There have perhaps been two main phases in the recent past when Sirius was a true head scratcher. The first was going into the summer when the…
A bearish take on U.S. stocks is about as fashionable as a beehive hairdo at the moment, which makes it a decent time to think like a contrarian. Sell-side strategists with a sense of reality are few and far-betweenbut as ConvergEx’s Nick Colas warns, the most important reason for caution currently is, obviously, valuation and complacency. U.S.…
By Investment Contrarians A common question that I receive from readers is in regard to gold bullion. Many people over the past few years have begun allocating a portion of their investment strategy into the yellow precious metal and are curious about what’s possible in the near future. Naturally, with gold prices down over 20%…
FORWARD GUIDANCE IS ALREADY HERE In his annual budget in March, UK chancellor George Osborne asked the Bank of England to review the case for using so-called “forward guidance” in its August Quarterly Inflation Report (QIR). The expectation is that some form of forward guidance will be announced on Wednesday. Back in March, the direction…
By Jason Sen – Daytradeideas FTSE Sep13 gave us our selling opportunity at 6577/80 & topped almost exactly here at 6583. We did then continue lower as expected to good support at 6510/00 & bottomed almost exactly here at 6514. This is good support again today as we start to look oversold short term but…
