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The WTI Crude Oil market initially tried to rally during the day on Thursday, but found the area above the 50-day exponential moving average to be far too resistive. The natural gas markets initially tried to rally, but broke above the 50-day exponential moving average only to find massive resistance.
The EUR/USD pair broke higher during the Thursday session, clearing the 1.14 level. The British pound rallied during the day on Thursday, reaching towards the 1.30 level.
The S&P 500 fell dramatically during the session on Thursday, as we are testing the 50-day exponential moving average. The NASDAQ 100 broke down significantly during the day as well, clearing the bottom of an uptrend line that has been reliable since the beginning of November 2016.
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The WTI Crude Oil market rallied during the day on Wednesday, breaking above the top of the shooting star from the previous session. Natural gas markets rallied during the day, but gave back about half of the candle.
The US dollar initially fell against the Japanese yen, testing the 112 level for support. The Australian dollar had a very bullish showing during the day on Wednesday, breaking above the top of the shooting star from the previous session.
The EUR/USD pair initially fell during the day on Wednesday, essentially due to the rumor going around that the ECB had been misunderstood with that statements the previous day. The British pound skyrocketed during the day, as the 1.28 level offered support and we then broke above the 1.29 level.
The S&P 500 rallied significantly during the day on Wednesday, reaching towards the 2440 handle. The NASDAQ 100 fell initially during the day but turned around to form a very bullish candle.
Gold inched higher on Wednesday as the dollar’s weakness persisted but a strong session for equities did limit buying interest.