Forex Trading Silver (XAGUSD) at Lower Trend Line. WTI Stalled at Support. NASDAQ Higher but Dow Jones Lower.

In today’s GCI Market Outlook, let’s take a look at Forex Trading on the Dow Jones Industrial Average, the NASDAQ, AUDNZD, WTI Crude Oil, and Silver (XAGUSD).
In our last video we looked at the big jumps in prices of metals.
We are now seeing a pullback but, in the case of silver, will we head back up again?
Price action broke this double top yesterday and has fallen to this lower trend line in a bull run that started 3 weeks ago.
The stochastic oscillator is oversold but don’t automatically go long again until we get some confirmation.
We are wondering if the bear run on WTI Crude Oil has come to an end with price action stalled at support at around $77.50.
On the daily chart, if we get a break to the downside, we have several key levels below.
We hope you were paying attention to the last video as we pointed out this short opportunity on AUDNZD.
Look what happened?
If price action continues to fall we have several key levels below.
Here we see daily charts for the Dow Jones Industrial Average and the NASDAQ.
One went down and one went up. Why?
The NASDAQ was bolstered by tech stocks like Nvidia while the DJIA was hit by bad results from J.P.Morgan Chase and the Fed speech last night.
So, we will watch our technicals and watch out for some good news about US equities in the future.
That’s all for now.
CFDs and FX are leveraged products and your capital may be at risk.
Forex Trading, Dow Jones Industrial Average, NASDAQ, AUDNZD, WTI Crude Oil, Silver, XAGUSD
Latest Analysis
- Trump Crashes Markets! When Will it End? New cTrader Video. CAD Interest Rates in Focus. March 11, 2025 04:43 AM
- Tariffs On/Tariffs Off: Markets Still Falling. CHF and JPY Stronger as Safe Havens. March 07, 2025 12:36 AM
- Forex Trading Bitcoin BTCUSD on Upside Gap. US Indices Recovering: Trump Tariffs Tomorrow? Trading Short EURAUD. March 03, 2025 05:21 AM
- Markets Resetting on Nvidia and Tariffs. Trading Short USDCHF. New cTrader Video! Gold XAUUSD Falling. February 28, 2025 04:43 AM
- Buy the Dip on US Indices? EUR Higher on German Elections: Reversal? Forex Trading Short EURAUD & EURCHF. February 24, 2025 03:20 AM
- Brent Crude Oil Forming Double Bottom on Supply Concerns. Weakest Currency = EUR. PMIs in Focus Tomorrow. New cTrader Video. February 20, 2025 03:17 AM
- Forex Trading long FTSE100. Range Trading Bitcoin BTCUSD. Trading Long Dow Jones Industrial Average. February 17, 2025 07:54 AM
- Forex Trading Short WTI Crude Oil. Dow Jones in Symmetrical Pennant. Silver XAGUSD Flying High! February 14, 2025 04:51 AM
- Forex Trading Short EURNZD. Gold XAUUSD at Record Highs, Again! New cTrader Overview Video Released. February 10, 2025 11:18 PM
- Forex Trading with GCI on cTrader! Precious Metals at Support. UK Interest Rates in Focus. February 06, 2025 05:07 AM
Open an account in minutes
Trade on our award-winning platforms with ultra-fast and ultra-secure execution.
OPEN AN ACCOUNT