Futures: SPX, DAX, Brent, Gold

TL;DR

SP500 retesting 200-day moving average, DAX Futures in bearish mode, Brent crude oil shows signs of bullish reversal, gold facing resistance at 1380.

Transcript

good morning 5 Lambeth and future stakes here and let's have a look at few charts today and let's start off with the sp500 looking at the futures here and I've got a daily chart that I'm looking at and we have been going up and that the recent rally has now seen us retesting the Green Line on our chart there which is the 200-day moving average and ... Read More

Key Insights

• 🥳 SP500 is retesting the 200-day moving average, potentially signaling a reversal or continued uptrend.
• 🤘 DAX Futures is in bearish mode, showing signs of sellers returning after a significant decline.
• 🤕 Brent crude oil shows signs of bullish reversal and may head higher to $73 or even $76.
• 🙃 Gold is facing strong resistance at 1380, hindering further upside potential.
• 🪡 The market's current situation suggests caution and the need for clear breakouts and confirmations.
• 🤕 Technical analysis, such as patterns like head and shoulders, provides insights into potential market movements.
• 🐢 The ATR (Average True Range) indicator shows low readings, typical during periods of slow but steady market growth.

Questions & Answers

Q: What is the current situation of the SP500?

The SP500 has been rallying recently and is now retesting the 200-day moving average, with sellers potentially returning. The market is waiting for a break below the uptrend line at 27 10 to indicate a possible reversal.

Q: How is the DAX Futures performing?

The DAX Futures, representing the German stock market, has been in bearish mode for six months. After a sell signal at the end of last year, it experienced a sharp decline and is now showing signs of sellers returning as it tries to retest the neckline.

Q: What is the outlook for Brent crude oil?

Brent crude oil has had a decent recovery in 2019, surpassing resistance levels and triggering a buy signal with a head and shoulders bottom pattern. This suggests that the price may head up to $73 or even $76, with bullish divergence on the MACD supporting the idea.

Q: Why is gold stalling in its recent recovery?

Gold is facing a significant resistance level at 1380, as indicated by multiple failures at this level. In order for gold to continue its recovery and reach levels like 1480 and 1590, it needs to clear the 1380 resistance.

Summary & Key Takeaways

• SP500 has experienced a recent rally and is testing the 200-day moving average, with potential sellers returning.

• DAX Futures, the German stock market, is in bearish mode after giving a sell signal and is likely to head lower.

• Brent crude oil has a bullish outlook, with resistance levels being surpassed and a head and shoulders bottom pattern triggering a buy signal.

• Gold has seen a solid start to the year but is facing significant resistance at 1380, hindering further upside potential.