Introduction Crude oil continues to trade in a clear short-term uptrend, and the latest price action is starting to confirm that buyers are still in control. On the 4H chart, the structure is clean: higher highs and higher lows, with price consistently finding support on pullbacks. The recent dip into the 96–100 area held well, Read More…
For a limited time, you can get 20% off all evaluation accounts at OneUp Trader. If you’ve been thinking about getting started, this is a great opportunity to do it at a lower cost. The discount applies across all account sizes, so you can choose what fits your goals and budget. The coupon won’t be Read More…
Oil prices surged more than 6% in Thursday’s Asian session as markets adjusted to the fact that the US and Iran are likely to stay in a long-term conflict. President Trump’s recent speech did not make it clear how the situation could be de-escalated. Benchmark Brent crude rose more than 6% to trade above $107 Read More…
Introduction As the conflict continues in the middle east, the price of crude oil keeps moving higher. This is due to supply disruption as the Strait of Hormuz remains shut. Petrol prices are rising across the globe and some analysts are predicting $200 Oil if the conflict does not find a resolution fast. For traders Read More…
Introduction ES has bounced after prices have been declining since the start of the war in the Middle East 4 weeks ago, but the overall structure has not improved yet. The move down broke important support levels and pushed price below the 200-day moving average, which shifts the short-term trend to bearish. Right now, price Read More…
Gold futures soared to two-week highs on Wednesday. Prices remain volatile due to changing expectations about the Middle East conflict and US monetary policy. Bullion lost some of its small gains from the Asian session but managed to recover back above $4,700. Investors are pricing in Trump’s comments that Washington could end its military operation Read More…
Introduction In today’s tradespotlight, we will look at Natalia, a funded trader from Portugal, who entered 5 contracts at 6471.00, right as buyers started stepping in and momentum began to shift. Price then moved up quickly and cleanly. She scalped a 73-tick move, exiting at 6489.50 for a $4,612 profit. It may look like a Read More…
Introduction Euro FX futures (6E) have been in a steady downtrend on the daily chart because of the strength in the US dollar after the escalations in the Middle East. Price is currently below an important support level, and a more worrying sign for the Euro bulls is that it is starting to act as Read More…
US equities rose slightly on Monday after hitting multi-month lows as Treasury yields slipped and investors weighed the inflationary effects of rising energy prices against the growing risks to economic growth. The S&P 500, Dow Jones Industrial Average, and Nasdaq 100 mildly recovered from earlier losses as bond yields fell across the board. The move Read More…
Richard Wyckoff developed his trading method in the 1930’s. He based a lot of his philosophies on successful traders like Jesse Livermore. When it comes to studying Wyckoff’s methods, you will need to take your time and understand that they are very specific. If you are a beginner, take it slow and ensure you test Read More…
