Tag: tickmill

Type: Bullish Continuation Key Levels:Resistance: 24.775Pivot: 706.50Support: 23.140 Preferred Case:Looking at the H4 chart, my overall bias for SI1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 24.775, where the recent high […]

Daily Market Outlook, January 9, 2023 MSCI Asia Pacific Index In Bull Market Territory Asian equity markets took their lead from Friday’s positive close to trade on Wall Street, with US equity markets posting their best gains for over a month, markets are once again pinning their hopes on a Fed pause or pivot, this […]

Natural Gas Breaks Lows The sell off in natural gas prices from the highs seen early last year has seen the market collapsing by almost 70%. Natural gas futures recently hit their lowest levels since late 2021 as a milder winter in Europe has allowed for far less demand than typically seen over this period. […]

Bitcoin keeps forming a narrow range between the levels 16300 and 17000, trying to regain its position after Christmas. So far, it seems that Bitcoin might target the supporting level of 15625 and face resistance at the level of 18350. After that, the asset might pull back. So, let’s observe what is going to happen. […]

Type: Bearish Drop Key Levels:Resistance: 671.75Pivot: 660.00Support: 636.00 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 636.00, where the previous swing […]

Type: Bearish Drop Key Levels:Resistance: 174.35Pivot: 163.80Support: 154.30 Preferred Case:Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing […]

Metals Rally on USD Decline The metals market is seeing an encouraging start to the week with both gold and silver in decent demand on Monday. The main driver currently is the sell off in USD on the back of Friday’s December US labour reports. The headline NFP reading was seen above market forecasts at […]

Type: Bearish Drop Key Levels:Resistance:1535.00Pivot:1492.25Support:1457.75 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 1457.75, where the 61.8% Fibonacci line is. Alternative […]

EZ CPI Cools Again The latest eurozone inflation data seen today has fuelled hopes that the inflationary spiral which ballooned last year, is now passing. Eurozone CPI was seen cooling to 9.2% last month, down from 10.1% the prior month, falling below the 9.6% result the market was looking for on the headline reading. While […]

USD On The Rise It’s been a good start to the year for the US Dollar which rallied through the week, driven by the hawkish December FOMC minutes and a bumper ADP employment print. Focus now shifts to the headline event and the first US labour reports of the year. A buoyant Dollar on the […]