crude oil futures (CL)
Market Overview Technical Analysis

Parabolic Curve Retest and Inverse Head & Shoulders on Crude Oil (CL) Futures Chart

The parabolic curve on the CL chart continues to act as support. A Potential inverse Head & Shoulders formation on the 4-Hourly time frame. Point of control volume profile acting as resistance. Daily Chart Recap From last week’s multiple tests of the parabolic curve, CL is repeating the same tests once more, with the price Read More…

Australian dollar (6A) futures
Fundamental Analysis

RBA to Raise Rates by a Modest 25bps amid Soaring Inflation

Economists expect the RBA to raise rates by 25bps on Tuesday. The unexpected rise in Australia’s inflation could see the RBA reconsider its smaller hikes. The RBA might be forced to raise rates by 50bps to try and keep up with the aggressive Fed. Australian dollar (6A) futures prices have been falling ahead of Tuesday’s Read More…

Market Overview Technical Analysis

Technical Analysis: Gold (GC) Futures

Gold bears are targeting lower prices. Spinning top from yesterday’s session on the Daily chart. Price retraces to test the neckline of a head & shoulders on the 2-Hourly chart. Recap From Earlier This Week On Monday 24th, we looked at the slight bounce in Gold prices out of the minor support potentially forming a Read More…

Fundamental Analysis

Gold (GC) Futures Under Pressure amid Upbeat US GDP Report

The US dollar reverses losses, making gold more expensive for overseas buyers. The US economy makes an unexpected recovery in Q3. US consumer spending fell to 1.4%, indicating reduced demand. Gold (GC) futures prices declined in choppy trading as a gain in the dollar offset support for the precious metal. Gold had been rising on Read More…

Nasdaq 100 futures (NQ)
Market Overview Technical Analysis

E-mini Nasdaq (NQ) Futures: Price Rally Unconvincing

The recent price run-up seems to be slowing down. Resistance has been found at the 78% Fib level. Expecting lower prices for NQ with a possible target of $11,068.50. Daily Chart The Fibonacci retracements give us a possible scenario where the price could test the 100% line at $11,068.50. Looking at the recent bounce off Read More…

Crude oil (CL) futures
Fundamental Analysis

Crude Oil (CL) Price Advances on Record US Petroleum Exports and Weaker Dollar

US oil exports last week averaged 11.4 million barrels per day. The weaker dollar supports oil prices by making it cheaper for overseas buyers. US officials were forced to scale back the Russian price-cap plan. Following a session-high increase of more than 3%, crude oil (CL) futures prices continued to surge in early Asian trade Read More…

Crude oil (CL) futures
Market Overview Technical Analysis

Crude Oil (CL) Futures Poised For a Bullish Breakout?

A recap of the Bullish Parabolic curve. CL looking more Bullish Potential targets of $90 & $93.64 are still probable. The Parabola The parabolic curve mentioned in last week’s analysis has been tested on five different sessions now, with each attempt being bought up, resulting in bullish candlestick formations on the daily chart. This indicates Read More…

Nasdaq 100 index futures (NQ)
Fundamental Analysis

Equity Futures Prices Rally in anticipation of Lower Rate Hikes

Alphabet and Microsoft reported weaker-than-expected quarterly earnings. Data released Tuesday indicated a decline in consumer confidence amid rising inflation. Markets are betting on a lower 50bps hike from the Fed in December. Most U.S. Equity Futures index prices, including the E-mini Nasdaq-100 (NQ) futures, closed substantially higher on Tuesday, boosted by dropping benchmark Treasury yields. Read More…

E-mini S&P 500 (ES) futures
Fundamental Analysis

The Beginning of the End of Fed’s Aggressive Monetary Policy

Investors are optimistic the Fed will pause rate hikes as the US economy cools. Business activity in the US fell further below 50 in October. 74.7% of the S&P 500 businesses have reported higher-than-expected earnings. E-mini S&P 500 (ES) futures prices rose on Tuesday, building on gains from the previous week. Indications of economic slowdown Read More…