Recap Last week, CL broke out of a key resistance level and surged above $82. The market is closing in on $90 as we speak, which brings the psychological $100 level into play. Market fundamentals are driving bullish sentiment all around, but what are the technicals telling us? Technical Analysis The $100 psychological level is Read More…
Recap The last time we looked at ZB was back on August 31. Price had dropped down into a support zone and bounced with a surge in volume. Read the full article here before we move on to this week’s analysis. Technical Analysis ZB is currently trading within the support zone mentioned above. This has Read More…
Introduction The S&P 500, like most indices has been surging this year with ES only 6% away from all-time-highs. The trend remains in an upward momentum and there are almost no bearish signals at the moment. Let us look at the technicals to get a better picture of where the opportunities lie and what we Read More…
Recap The last time we looked at YM was almost a month ago when we watched price break out of an ascending triangle. It has been a rocky road for YM traders as the breakout did not last, and a retracement to the triangle has occurred. There may be opportunities arising as we speak, though, Read More…
When it comes to managing risk in trading, it is essential to understand how to do it effectively. Whether you’re a seasoned trader or just starting your journey into the financial markets, understanding the importance of managing risk is essential to safeguarding your capital and achieving long-term success. This guide will explore why risk management Read More…
Dollar Too Strong For Euro The Dollar is just too strong for the Euro at this point, which has caused 6E to plunge 5.6% since its high back in July. The market has pushed the price below a support trend line, and the bulls are trying to hold it within a minor support zone. Technical Read More…
Technical Analysis Once gold reached a high of $2,085 this year, we saw an 8.8% retracement a few weeks back. GC has now settled at $1,960.3, and the price action is forming a rectangle formation that could send it soaring or crashing with great volatility. The last time we looked at Gold, we noted an Read More…
Recap August 18th was the last time we looked at NQ. The market was retracing after a strong bull trend that lasted the entirety of this year. Just as we expected, the drop was only a correction and provided us with opportunities to go long. The correction was much needed as the market’s most significant Read More…
Weekly Chart A quick look at the weekly chart shows that CL has found the point of control level for the volume profile indicator as support. The market surged through the POC initially a few weeks prior, retraced to test it, and bounced, now trading 5.7% above it. If you look at the chart below, Read More…
Recap The last time we looked at T-bond futures was at the beginning of August when we expected price to move lower into a support zone. This happened last week as ZB touched last year’s lows. Let’s see where we expect price to go from here after the support zone successfully held. Technical analysis As Read More…
