Christopher Lewis

1 week ago | fxempire.com | Christopher Lewis

The gold market continues to se the same range overall, as we have so many different potential issues around the world that could move the market. Gold Technical AnalysisThe gold market has been fairly choppy and quiet in electronic trading, as it is Juneteenth in the United States, so therefore Thursday is going to be a very quiet holiday session. With that being the case, I wouldn’t expect too much from the overnight market, and that’s pretty much what happened.

1 week ago | fxempire.com | Christopher Lewis

The crude oil market continues to see a lot of buying on dips, as the war in the Middle East continues to threaten the idea of oil supply worldwide, which could be a massive issue, reflected in the price. WTI/CL Technical AnalysisThe light sweet crude oil market has rallied a bit during the trading session on Thursday, in a day that is a holiday in the United States. Juneteenth is going to keep the markets closed during normal hours. So, we do have a little bit of a liquidity issue.

1 week ago | fxempire.com | Christopher Lewis

The three stocks in this analysis all look a bit soft on Thursday, but there has been a very quiet session in general. At this point, the markets looks as if we are about to see a bit of consolidation in the markets, but external factors continue to be an issue as well. ASML Technical AnalysisASML Holding is currently down a bit at the end of the day on Thursday as we continue to see a lot of noisy behavior between the 200-day EMA above and the 50-day EMA below.

1 week ago | fxempire.com | Christopher Lewis

The natural gas market continues to move on the latest headlines coming out of Iran, as the war continues. There are a lot of concerns about a lack of Iranian gas production, and the potential for further demand on US gas coming from Europe. Natural Gas Technical AnalysisThe natural gas markets look as if they are going to seriously threaten the $4 level. The $4 level, of course, is an area where we’ve seen a lot of resistance and support in the past.

1 week ago | fxempire.com | Christopher Lewis

The Bitcoin market continues to see a lot of sideways action, as we are trying to work off the overall momentum that has got us to these elevated levels. Nonetheless, this is a market that I think will eventually find a reason to go higher. Bitcoin Technical AnalysisThe Bitcoin market has been back and forth during the trading session here on Thursday in what will be Juneteenth in the United States. So, keep in mind that Wall Street really isn’t involved.