Introduction This is the first time we are covering a technical analysis for wheat futures because there is a noticeable reversal in the price. ZW, though a very uncommon instrument to trade, is available at OneUp Trader alongside many other products you can see here. Wheat futures are starting to show signs of a trend Read More…
Introduction On Monday the 23rd, Crude dropped 11.6% on the news that Donald Trump attempted to de-escalate the conflict in the middle east. Early in the week, crude dropped by around 10–11% after reports of possible de-escalation, including a pause in U.S. military action toward Iran. This briefly reduced fears of supply disruptions, particularly around Read More…
Introduction The S&P 500 and other US indices continue to fall as markets digest the war in the Middle East. The recent news of de-escalation remains uncertain and so far has only affected the Oil price in a slightly positive way. Price is now trading firmly below the 200-day moving average, and the 50 MA Read More…
Introduction Crude oil has started to show signs of weakness after failing to hold above $100, marking an important shift from the previous analysis. In the last report, the key idea was that acceptance above $100 could lead to continuation toward $110–$120. Instead, price has rejected from the highs and rotated lower into the $88–$90 Read More…
Introduction Along with all other US indices, the Dow is dropping as the conflicts in the Middle East continue. Initially, US indices did not react much, but as time goes by, the market is pricing in the developments. The strong dollar is also undoubtedly factoring into the price since YM is priced in dollars, so Read More…
Introduction Gold has now moved well beyond the initial breakdown we looked at in the previous analysis. What started as a loss of the $5,000 level has developed into a volatile drop, with price now trading near $4,400 and testing toward $4,150. In our prior analysis, the key idea was that a break below $5,000 Read More…
Introduction Crude oil has been in price-discovery mode for 4 weeks since the start of the conflict in the Middle East and appears to be finding some stability now. This is a meaningful shift. In the previous analyses, the focus was on whether crude would consolidate or retrace after the explosive move. Instead, the market Read More…
Introduction Nasdaq futures (NQ) are currently in a difficult position, sitting just above a key support zone near 24,500, while remaining below the 50 and 200-day moving averages. The market is mostly consolidating at this period of uncertainty surrounding the war in the Middle East. Positioning correctly is not very easy in these conditions because Read More…
Introduction Gold has now clearly broken down from the symmetrical triangle that we discussed in the previous analysis. The important $5,000 level has failed, and the price is dropping fast. What was a balanced consolidation is no longer neutral. The market has chosen direction, and for now that direction is to the downside. The focus Read More…
Introduction Crude Oil (CL) has now begun to find its feet since the start of the war in the Middle East. The picture for CL has been one of price discovery after a massive spike in the price. See our previous analysis here. After the initial surge and sharp rejection, price has begun to stabilize Read More…
