London Stocks End A Touch Ahead, Well Off Highs

FTSE 100 close 0.1% ahead at 5356.34, but well off its intraday high of 5413.83. “Though trading broadly positive for most of the day, upside became difficult to sustain weighed down by concerns about the health of the Spanish banking sector,” says Michael Hewson at CMC Markets. Continue Reading…

The latest data from the CFTC covering the week ending May 22 showed that money managers increased their bullish bets across the 24 commodity futures and options we track in this report by 7.6 percent. This corresponded with a USD 2.7 bilion change in the nominal value to USD 81.1 billion. Continue Reading…

(1326,10) The S&P failed on Friday to confirm another strong closing forming instead a negative day reversal after a retest of the 1329 area. Only a daily closing tonight below 1312,00 will resume the decline. The indicators of the daily chart are still negative but those of the s/t ones are above the line this morning supporting a rebound. Continue Reading…

(144,15) The BUND confirmed on Friday a positive closing reversing the drop that favoured a test of the 143,60 area. Only an hurly closing above 144,55 will support higher levels.
Today’s session started with a gap down, 144,17 – 144,31, now resistance area. Continue Reading…

(2179) The EUROSTOXX 50 confirmed a positive closing on Friday but it failed to confirm the 2160 overshooting. Today’s session started positively above the resistance line supporting further upside potential. Continue Reading…

(6426) The DAX confirmed on Friday a positive closing but it failed to confirm the break of the resistance line at 6346. Today’s session started above the 200 hours line at 6399; while above this line we expect an extension of the move up suggesting a possible break of the key level at 6448. Continue Reading…

(1584,40) GOLD confirmed on Friday a higher closing while remaining interior Thursday’s range without forming any inside. The indicators of the daily chart are turning positive and also those of the s/t ones are positive supporting further strength. Continue Reading…

Major European bourses are seen opening higher Monday, with sentiment underpinned by the latest Greek poll results. Opinion polls, held at the weekend in Greece, showed pro-bailout party New Democracy had gained maximum votes as signs increased that voters in Greece are supportive of austerity measures required for a European Union bailout. Continue Reading…

Nymex July natural gas are trading lower Monday extending their losses after Friday’s sharp fall. Natural gas prices ended sharply lower pressured by lower temperatures which in turn cooled demand for air conditioning fired by the fuel. Continue Reading…