Introduction S&P 500 futures continue pushing higher as ES grinds toward fresh highs following the aggressive recovery from the April lows. Buyers remain firmly in control of the broader trend, with price continuing to hold well above both the 50-day and 200-day moving averages. The current daily chart shows ES trading around 7,529 after reclaiming Read More…
Equities rallied on Monday amid growing optimism over a likely deal between the US and Iran to end their war. Progress in talks between the two countries has renewed hopes that the Strait of Hormuz will soon reopen. As a result, oil prices have collapsed since last, easing inflation worries. The S&P 500 was retreating Read More…
Introduction Dow Jones futures have now broken above the previous all-time high near 50,900, confirming the bullish breakout setup we looked at in our previous analysis. Following several weeks of a consolidation period buyers finally pushed YM into new highs heading into the final week of May. While the Dow lagged behind Nasdaq during April Read More…
Introduction Gold futures could be forming a symmetrical triangle pattern as GC trades between major support near 4,440 and the descending trend line resistance from the February highs. After the explosive rally earlier this year that pushed gold into new all-time highs above 5,600, momentum has cooled as the conflict in the Middle East began. Read More…
Currency futures rebounded amid an improving risk sentiment after Trump hinted at great progress in talks with Iran. Hopes for a peace deal weighed on the dollar and it lost some of its safe haven shine. Nevertheless, market participants remain cautious since the two countries could still fail to reach an agreement. When the week Read More…
Introduction Crude oil futures are pulling back slightly heading into the weekend as markets continue reacting to headlines surrounding possible progress in US-Iran negotiations. After rallying aggressively throughout March and April amid escalating tensions in the Middle East and disruptions in the Strait of Hormuz, buyers are pushing prices near the upper end of the Read More…
