Crude oil (CL) futures
Fundamental Analysis

Oil Pulls Back on Profit Taking, Supply Constraints

Oil edged lower on Wednesday in choppy trading as investors looked to cash in on gains from two straight days of gains. On the supply side, there were concerns about a shortage following an unexpected reduction in US oil inventories and the suspension of some oil exports from Iraqi Kurdistan. A smaller-than-expected output reduction in Read More…

what to look out for when watching a stock
Fundamental Analysis

Equities Reverse Gains After Remarks by Top Regulators on Failing Banks

US equities finished slightly lower on Tuesday as traders considered remarks made by a top American regulator regarding failing banks. Michael Barr, head of the Federal Reserve’s banking division, stated that Silicon Valley Bank’s risk management was “terrible” before it collapsed. One of the greatest drags on the S&P 500 was the decline in share Read More…

Nasdaq 100 index futures (NQ)
Technical Analysis

Nasdaq (NQ) Futures Poised for bullish continuation

Bulls target $13,500 Nasdaq Futures have been on an uptrend since September 2022, with bulls targeting $13,500 as the 50% Fibonacci retracement level. The current price stands at $12,800, indicating a potential upside of nearly 5% from current levels. The Relative Strength Index (RSI) has been printing higher highs since September 2022, indicating the strength Read More…

Stock price chart
Fundamental Analysis

Equities Rebound After First Citizen’s Bid to Buy Silicon Valley Bank

Wall Street equities rose on Monday as worries about the banking system were reduced. First Citizens BancShares stated it would take over the deposits and loans of insolvent Silicon Valley Bank. The S&P 500 bank index, which had closed down more than 22% for the month on Friday, ended the day up 3%.  The deal Read More…

russell 2000 RTY futures OneUp Trader FUnded Trader Program
Technical Analysis

Support level on Russell 2000 futures give hope for bulls

Technical analysis Price action: There is a strong band of support that has formed at the $1,738 level, which was our previous bearish target. It is all the 0.78 Fibonacci level. The candlesticks show strong bullish sentiment as every time price dips below $1,738, it gets bid back up. This can be seen by the multiple wicks Read More…