Ten markets, read like terrain.
Concrete, chart-based forecasts from Karsten Kagels, forty years at the charts. Updated every trading morning, at midday and after the US close.
Hover to read it. Click to open its forecast.
The board. Every level, current.
Markets move like weather over ground that barely changes. The work is knowing the ground.
Four decades in front of the chart. No black box.
Karsten Kagels has traded FX, metals and index futures since 1986. Since 2015 his German site, kagels-trading.de, has become a reference for chart-based market analysis. This is the same desk, now publishing in English.
Every forecast is built the same way: classical chart technique to map the levels, COT data to see what commercial hedgers are doing at those levels, and a plain-language read that says what would confirm the view and what would break it.
Levels before opinions
Support, resistance and trend structure are mapped first. The view follows the chart, never the other way around.
COT as the second witness
Weekly positioning of commercial hedgers confirms or challenges what the chart suggests.
Wrong fast, not wrong long
Every forecast names the level that invalidates it. When it breaks, the read changes the same day.
Fresh from the desk.
Gold holds the 3,300 shelf as real yields drift lower
→ Today 07:15S&P 500Breadth is thin, but the tape refuses to break
→ Today 06:50EUR/USDWhy 1.1600 is the line the euro must defend this week
→ YesterdayCOT REPORTCommercials kept selling silver into the rally. It matters.
→ YesterdayEDUCATIONHow to read a COT report without fooling yourself
→The forecast, in your inbox before the US open.
One free email per trading day: the levels that matter in gold, the indices and FX, readable in five minutes.