Analyzing the trade from last week on YM and seeing if there are any adjustments we can make. Hourly chart entries for traders who still believe in the bullish move. Trader mindset announcement. The trade Last Monday, we looked at a long trade in YM. Let’s go over the updates and see if there are Read More…
Investors are anticipating Federal Reserve Chair Jerome Powell’s testimony. The ECB has promised to deliver a 50bps rate hike on March 16. The Bank of Canada will maintain its benchmark interest rate at 4.50%. Currency futures rose on Friday amid dollar weakness. For the first time since January, the dollar index, which compares the dollar’s Read More…
Looking at the recent price action in CL. There are trade opportunities for a range-bound trade and a breakout trade. Spinning top spotted on the 3-month chart and what it means for the rest of the year. Overview Crude has been a range trader’s dream as black gold remains within a tight 5 Dollar range Read More…
The dollar index is expected to post its first weekly decline since January. The number of Americans making new unemployment claims dropped once more last week. Investors were betting on increased physical demand from China, the largest bullion consumer. Gold is set to post its most significant weekly increase since mid-January as the US dollar Read More…
Gold retraces from its downtrend, offering bears a short opportunity. Trader mindset announcement. Last time we looked at Gold On February 24th, I mentioned how we should be sitting on our hands until we saw a potential short squeeze in GC futures. Sometimes we just have to accept the fact that there are no opportunities Read More…
US crude stockpiles went up by 1.2 million barrels last week. US oil exports surged to a record high of 5.6 million barrels a day last week. China’s factory activity rose in February at its strongest rate in over a decade. The price of crude oil rose slightly Wednesday as evidence of sufficient supply, such Read More…
