Introduction The Nasdaq 100 Futures (NQ) are continuing the slow, controlled pullback that began after the index surged to fresh all-time highs in late October. Price action remains consistent with the consolidation described in the previous analysis. Despite recent softness, the uptrend remains intact, with NQ still trading comfortably above its major moving averages. The Read More…
Crude oil futures continue bearish momentum on Thursday, global demand weakens, revealed by rising US inventories, and mounting oversupply concerns next year. WTI crude oil slipped near 0.20% to trade below mid-58.00, extending previous session losses as markets reacted to bearish supply data. The latest API data revealed a 1.3 million barrel rise in the Read More…
Introduction The U.S. Dollar Index (DXY) continued to rally since our previous analysis and tested the 200-day moving average before touching it and retracing slightly. The greenback’s recovery from October lows and support zone has been hopeful for the bulls; now, they will be looking to clear above the 200-day MA to continue with the upward momentum. Read More…
Gold futures slipped in Tuesday’s New York session, snapping a 3-day winning streak, as US government reopening optimism eased the safe-haven demand. The precious metal saw profit-taking after surging to a 3-week top above $4,150. During today’s Asian session, the gold futures fell to $4,100 area, weighed by a rebound in Dollar Index (DXY), rising Read More…
Introduction Gold Futures (GC) have extended gains since our previous analysis, as buyers regained control following a strong rebound off the 50-day moving average. The yellow metal has now risen for a third consecutive session, suggesting that the recent pullback may have reached a floor near $3,900, where there is some support. Bulls appear to Read More…
US equities extended gains on Monday as the optimism mounted that the US lawmakers are close to end the longest government shutdown in history. Investors fled to risk assets, with major indices and AI bellwethers soared sharply. Meanwhile, bonds slipped as safe-haven demand eased. The S&P 500 gained more than 1.5%, marking best daily performance Read More…
Introduction Crude Oil Futures (CL) edged slightly higher on Monday as the market continues to stabilize following last month’s rebound from the $56–$57 support zone. However, after the strong 8.8% recovery from the $56 level seen in late October and our previous analysis, bullish momentum has now started to cool, with prices struggling to break Read More…
On Monday, currency futures markets witnessed a significant shift after developments regarding the US shutdown. The greenback’s rebound last week, caused sharp movements in key contracts. However, the optimism related to ending US government shutdown lifted the risk sentiment. The front-month Euro FX futures (6E) traded under 1.1600 after recovering from its recent lows, but Read More…
Introduction The S&P 500 E-mini Futures (ES) have bounced off the 50-day moving average since our previous analysis, with power forming a dragonfly doji. This candlestick pattern has a long lower shadow with the open, high, and close all near the top. This candle normally represents a bullish reversal, and if we pair it with Read More…
Introduction Gold futures have started to find a floor since our previous analysis, and bulls are trying to push prices higher once more. The RSI has stabilized around the 50 level, and the candlesticks are also smaller, indicating less volatility and a possible shift in trend. Gold is up 50% for the year, and the Read More…
