The Japan 225 index has retreated from its previous lofty targets over the past week. As a result, the futures now trade below key technical levels, which may deter bullish investors in the market. Key Levels Resistance: 52,000, 54,000, 56,000 Support: 50,000, 48,000, 46,000 NIKKEI Price Hovers Below the 9-Day EMA Price activity in the […]
Buyers in the Australia 200 market are gradually stepping in as the market tests a psychological resistance level. Consequently, price action has been descending to lower levels throughout the previous sessions. Let’s take a closer look at the price trajectory below. Key Price Levels Resistance: 9,000, 9,300, 9,450 Support: 8,500, 8,250, 8,000 Australia 200 Edges […]
The Platinum market closed Friday at almost the same price level where it started the new week. This seems reasonable, given that warehouse data shows the supply of the metal remains more or less constant. More details lie below, so let’s dive in. Key Price Levels Resistance: $1,700, $1,750, $1,800 Support: $1,600, $1,550, $1,450 Platinum […]
The Japan 225 index has made notable upward progress over the past few months. The market has moved significantly from its base around the 30,400 level in April. Currently, futures are trading well above the 50,000 price level, and further upside movement may still be seen. Key Levels Resistance: 55,000, 57,500, 60,000 Support: 50,000, 47,500, […]
Throughout the week, price action in the Australia 200 market has continued its downward retracement. The market appears to have the potential to move further lower in the coming week, as price action currently remains below key technical levels. Key Price Levels Resistance: 9,000, 9,300, 9,450 Support: 8,500, 8,250, 8,000 Australia 200 Bearish Outlook […]
While the Australia 200 market ended the week lower than it started, the market keeps trading above important levels. Also, the market closed in the green despite residing at a weekly low. While this may be discouraging for short-term traders, long-term traders can comfortably keep their bullish hats on. Key Price Levels Resistance: 9,100, 9,300, […]
Ever since the Japan 225 market plunged to the support at the 30,550 price level, it has been almost smooth sailing to higher price levels. The futures market recently breached the resistance at the 49,000 price level and has kept on going higher and higher throughout the week. Key Levels Resistance: 50,000, 51,000, 52,000 Support: […]
With the Platinum market seeing only slight changes in its supply, the metal has only been able to post a fair recovery from the latest price dip. This has kept the market floating just around key technical levels. As such, the new week may offer more trading opportunities for long traders. Key Price Levels Resistance: […]
Over the past few weeks, the NIKKEI market has remained afloat and moved steadily upward above key technical levels. The market eventually closed in the green, maintaining its position above important support zones. This indicates the possibility of further upward movement in the coming week. Key Levels Resistance: 48,500, 49,000, 49,500 Support: 48,000, 47,000, 46,000 […]
