A look at the 2021 high that is a significant support and resistance level The RSI remains bearish with no signs of a reversal Potential bearish targets from 1-2-3 reversal and trend channel analysis Long Term Outlook We have been tracking the CL price for some time now as we watch the daily trend continue Read More…
There are increased recession worries as major central banks continue hiking rates. The Bank of England may be nearing the end of its tightening cycle. Retail sales in the United States declined more than forecasted in November. Gold prices increased on Friday as the safe-haven dollar decreased, giving up some significant gains in the previous Read More…
There is a minor support zone at $1,786 we are still monitoring closely Rising wedge, triple bottom, and bearish divergence are giving clearly defined targets Recap From December 7th The minor support zone at $1,786 is back in play once we mentioned GC may bounce out of it from our analysis on December 7th. Gold Read More…
The prospect of additional global interest rate increases could heighten oil demand worries. China lost more steam as retail sales decreased and industry output stagnated. The International Energy Agency forecast that Chinese oil demand will increase next year. Thursday saw a decline in oil prices as the dollar strengthened. The prospect of additional interest rate Read More…
Markets dip as the fed meeting cools bullish sentiment NQ has been stuck in a range and how traders can capitalize on it Bullish and Bearish targets if a breakout occurs Fed Signals Further Rate Increases It’s very obvious from yesterday’s Fed meeting that the FOMC will not stop until they have reached their target Read More…
Data revealed that US consumer prices hardly increased in November. Markets are also keeping a close eye on the global economy. Investors will focus on Jerome Powell’s press conference after the FOMC meeting. Equities rallied on Wednesday, bonds were strong, and the US dollar was nursing losses. The enthusiasm that inflation has peaked and interest Read More…
