The S&P 500 initially fell on Wednesday, testing the 2625 handle for support, but we turned around to bounce and form a hammer during the day.
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With a weaker than anticipated inventory number, the WTI Crude Oil market rolled over, and of course the lack of demand is very negative.
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The US dollar initially tried to rally during the trading session on Wednesday, but then fell towards the 112 level.
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Gold prices ended Wednesday’s session down $2.89 an ounce as strength in the U.S. dollar and a recovery in stock markets weighed on the market.
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Get the NZD/USD Forex signal for December 6, 2017 here.
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Get the AUD/USD Forex signal for December 6, 2017 here.
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The EUR/USD pair gapped lower initially during the trading session on Tuesday, reaching down towards the 1.18 handle.
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The S&P 500 initially tried to rally during the trading session on Tuesday, but found enough resistance at the 2650 level to turn around and form a shooting star, which of course is a very negative sign.
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The US dollar tried to rally during most of the session, but found enough resistance above to turn things around and form a shooting star.
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The WTI Crude Oil market went back and forth during the trading session on Tuesday, as we are struggling to keep momentum.
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Get the USD/JPY Forex signal for December 6, 2017 here.
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Get the USD/CAD Forex signal for December 6, 2017 here.
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Get the GBP/USD Forex signal for December 6, 2017 here.
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Get the EUR/USD Forex signal for December 6, 2017 here.
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