Introduction It has been about 4 months of consolidation in US equities if looking at the weekly or daily chart. Now it looks like NQ is starting to break out. The volume is high, resistance has been broken, and the price is starting to settle into a trend instead of being stuck in a range. Read More…
Currency futures pulled back on Monday as the dollar strengthened with market focus returning to US monetary policy. Meanwhile, oil prices extended last week’s declines as supply concerns eased. Saudi Arabia has made efforts to continue supplying oil despite the damage to a major pipeline that bypasses the Strait of Hormuz. Bloomberg dollar index (Source: Read More…
Introduction The S&P 500 is testing the 50-day moving average after a small pullback of 4% since the end of August. We are looking at a market that is bullish long-term and requires finding the bottom or waiting for confirmation that the trend has reversed. With some big tech names coming out with earnings in Read More…
Interest futures rose on Thursday as focus shifted from the FOMC meeting to falling oil prices. The Fed hiked interest rates as expected and signaled at least one more hike this year. The expectations of this move had boosted Treasury yields, hurting interest futures. Meanwhile, oil supply concerns eased with Saudi Arabia pursuing alternative routes, Read More…
Introduction Silver futures are testing an important support level, which could shape the trend for the next few weeks. Silver and Gold are very closely correlated but there are often times we see silver act as a leverage play for gold and the metals in general. This is one reason why this level is so Read More…
Oil prices eased on Wednesday after reports that the damaged Saudi Arabian pipeline would be operational in a few days. At the same time, a hawkish FOMC meeting boosted the dollar, making oil more expensive for foreign buyers. Nevertheless, with tensions still high in the Middle East, prices might resume their rally. Brent futures (Source: Read More…
Introduction Euro futures are testing an important support zone around 1.1550–1.1580 after the August recovery stalled near 1.1750. Price is trading around 1.15810, putting the market at a decision point: holding this area would preserve the possibility of another recovery, while a confirmed breakdown would expose the summer trading range below. This support zone could Read More…
Introduction Your next OneUp Trader evaluation could be complete in as few as five trading days! On September 16, we launched Eval Pro, a new OneUp Trader account type that gives every customer the opportunity to qualify in just 5 days, with all other rules remaining the same. We’re also updating Express accounts to give Read More…
Gold prices edged lower on Tuesday as traders awaited a likely rate hike during the FOMC meeting set for Wednesday. Rate hike expectations have risen significantly in the past week due to a surge in oil prices. The tensions in the Middle East have caused inflation worries, putting most major central banks on high alert. Read More…
Introduction Crude Oil has surged 25% in the past three weeks. Escalations in the Middle East and certain attacks, which led to Saudi Arabia’s East-West pipeline being shut down, have been the main factors causing the rise in oil prices. In our September 11 analysis, we identified $102–$105 as the main resistance zone and $100 Read More…
