Weekly/Long-Term Forecast for February 26 - March 2
Anton Kolhanov | Feb 26, 2018 07:27AM ET
EUR/USD
Weekly forecast, February 26 - March 2
The market is trading along a downtrend with target at 1.2205, that may be expected to continue, while market is trading above support level 1.2335.
The downtrend may be expected to continue in case the market drops below support level 1.2205, which will be followed by reaching support level 1.2060 and 1.1940.
An uptrend will start after a rebound from support 1.2205 and further break up of resistance level 1.2280, which will be followed by a move up to resistance level 1.2450 - 1.2505.
Long-Term Forecast, from 19/02/18
The market is trading along an uptrend with target at 1.2800, that may be expected to continue, while market is trading above support level 1.2200.
An downtrend will start as soon, as the market drops below support level 1.2200, which will be followed by a move down to support level 1.2640 and 1.2800.
Gold
Weekly forecast, February 26 - March 2
The market is trading along a downtrend with target at 1314 - 1307, that may be expected to continue, while market is trading above support level 1339.50.
The downtrend may be expected to continue in case the market drops below support level 1307, which will be followed by reaching support level 1295 and 1270.
The uptrend will start after a rebound from support level 1307, which will be followed by a move up to resistance level 1339.5 and 1350.
Long-Term Forecast, from 19/02/18
The market is trading along a sideways trend between support 1307 and resistance 1368.
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An uptrend will start as soon as the market rises above resistance level 1368, which will be followed by a move up to resistance level 1394 and 1466.
An downtrend will start as soon, as the market drops below support level 1307, which will be followed by a move down to support level 1270.
Crude Oil
Weekly forecast, February 26 - March 2
The market is trading along an uptrend with target at 66.00, that may be expected to continue, while market is trading above support level 62.20. On the level 63.80 we have temporary resistance. The uptrend may be expected to continue in case the market rises above resistance level 66.00, which will be followed by reaching resistance level 68.30.
An downtrend will start as soon, as the market drops below support level 62.20 or after rebound down from resistance 66.00 with further break down of support 63.40, which will be followed by a move down to support level 58.00.
Long-term forecast, from February 26
The market is trading along an uptrend with target at 66.00 and if it keeps on moving up above that level, we may expect the market to reach resistance level 68.30 and 70.00. After we can expecting sideways trading between 66.00 - 63.80 for a few weeks.
The downtrend will start after rebound dowtn from resistance level 66.00 and further break down of support level 63.80, which will be followed by a move down to support level 58.00.
Natural Gas
Weekly forecast, February 26 - March 2
The market is trading along a downtrend with target at 2.600 - 2.560, may be expected to continue, while market is trading below resistance level 2.700.
An uptrend will start from support 2.600, which will be followed by a move up to resistance level 2.700, 2.820 and 2.910.
Long-Term Forecast, from 19/02/18
The downtrend may be expected to continue in case the market drops below support level 2.500, which will be followed by reaching support level 2.300.
An uptrend will start as soon as the market rises above resistance level 2.660, which will be followed by a move up to resistance level 2.820 and 3.030.
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