Key Price Levels to Watch: Technical Indicators Overview: Fibonacci Retracements: Potential Market Scenarios: Conclusion As we wrap up our technical analysis of Crude Oil Futures, it’s clear that the market is at a crossroads, with key levels at $74.91, $95.03, and $68.07, offering guidance on potential future movements. Remember, the true skill in futures trading Read More…
On Monday, US equities closed slightly lower as investors anxiously awaited a crucial inflation reading that could influence the duration of high interest rates by the US Federal Reserve. Following a strong rally on Friday, attention shifted on Monday to the Consumer Price Index (CPI) data scheduled for release on Tuesday morning. US CPI (Source: Read More…
Intro The bond-buying has hit a roadblock for the moment as ZB shows signs of a reversal. On the ZB futures chart, we look at this inversely as bond buying means the chart goes down because yields get less. So for this article, when ‘bullish’ is made as a reference it indicates the chart is Read More…
Currency futures closed Friday mixed as investors assessed remarks from Fed Chair Jerome Powell. The euro fell, while the yen weakened against the dollar. Powell indicated the possibility of another rate hike if inflation persists above the target. The yen held near a one-year low against the dollar, and investors remained cautious about a potential Read More…
Introduction Not much has changed since our previous analysis in GC, as sentiment remains bullish in the medium to long term. There is a small pullback at the moment, which is looking close to providing a long opportunity in the yellow metal though. With the increasing uneasiness in the Middle East, we could see gold Read More…
Gold prices increased on Thursday despite Powell’s comments that interest rates may not be high enough to combat inflation. This increase might be because investors had already priced in Fed hawkishness earlier in the week. Some Fed officials are emphasizing the possibility of further rate hikes if inflation does not decline toward the 2% annual Read More…
On Wednesday, oil prices dropped over 2%, reaching their lowest point in over three months due to concerns about decreasing demand in the US and China. According to American Petroleum Institute figures, US crude oil stocks surged by almost 12 million barrels last week. If confirmed, this would be the largest build since February. The Read More…
On Tuesday, US equities surged amid a drop in US Treasury yields. The rally came as falling yields boosted megacap growth stocks. S&P 500 daily performance (Source: Bloomberg) Consequently, the S&P 500 and Nasdaq recorded their longest winning streak in two years. The benchmark 10-year Treasury note yield was set for its fifth decline in Read More…
Intro NQ has rallied 9% in a little over a week and is now only 4% away from all-time highs. With all the geopolitical mentions going on around the world it just shows that markets are 100% completely disconnected from reality. We are living in a ‘fake’ time and nobody is considering the risks that Read More…
Crude oil futures (CL) are flashing clear warning signs for traders based on key technical indicators and moving averages. Both oscillators and trend-following metrics point to a strong sell sentiment taking hold. A key support was also broken last week as CL is now trading for $78 per barrel. RSI and Stochastics indicate oversold conditions Read More…
