Tag Archives: Share Trading

The Euro is struggling to find near-term directional conviction but overall chart positioning is still suggesting that the path of least resistance leads lower.

There were some notably large shifts in the futures market, with sterling, yen, and silver seeing some of the biggest changes among large speculators.

The bearish crossovers of the 20, 50 and 200 day simple moving averages reinforces a negative trend bias

The market closed last week at an important confluence of the 200-day MA and trend-line, a bounce could ensue in the very short-term, but fail soon after.