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…

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…