Various Futures Charts - 4 hour unless stated otherwise.
in most cases, just looking at the levels, and where price is, in respect to nearby horizontal support and resistance.
DX (U.S.Dollar Index Futures)
This one has been in control for a while, and has had some confirmed weakness come in at the highs.
Just waiting to see if it will gather itself up and consolidate sideways, or succumb to the selling pressure and fall away.
Getting pretty close to the bottom of the trading range now......
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ES (S&P500 Futures)
Pretty much just absorbing (grinding) its way higher.
The most recent ( still incomplete) wave higher, has had a lot of volume (effort) expended to build it,
but the result has been fairly ordinary so far......
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GC (Gold Price Futures)
Selling pressure (although not massively strong) is overwhelming the weak demand.
Again flirting with the important weekly line @1179.4.
Need to grow some.......
especially as the DX is looking a bit vulnerable.
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CL (Light Crude Futures)
After taking three attempts to (finally) break above the 53.60 level, which was thwarting upward progress.
Price now appears to be absorbing supply in preparation for a move toward 60.
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HG (Copper price Futures)
Pretty much in a sideways consolidation, demand is not particularly strong,
however, it is not doing anything particularly bearish anymore......which is probably a good thing.
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6A (Aussie Dollar Futures)
(perhaps surprisingly) demand has been holding the upperhand recently......
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TIO (62% Iron Ore Futures) - Daily
Bottoms in ??..........maybe......maybe not.....certainly not confirmed yet.......sideways'ish most likely ??.........probably......
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MTF (Coal Price Futures) - Daily
Sideways.....no doubt about it.....
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XJO
Sideways in a trading range,
a clean break and consolidation above 5980.8 would be bullish,
a break and close below 5739.8 would most likely be bearish.
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