Introduction Russell 2000 futures have pulled back from the August high near 3,100 and are now approaching the 200-day moving average around 2,825. Price is trading at 2,863.8, but sellers are still in control. The recovery from the March lows has not completely broken down, but buyers need to start defending these lower levels. Can Read More…
Interest futures collapsed on Thursday, extending the previous session’s move as Fed rate hike expectations increased. Comments from US and Iranian officials at the UN showed simmering tensions. As a result, oil prices jumped, raising inflation worries and sending rate hike expectations higher. Initially, the bond market had been on a slow uptrend as oil Read More…
Introduction Dow futures have given back much of their summer rally and are now testing an important support area around 51,450–51,950. With price at 51,744 on the chart, buyers have an opportunity to defend the level, but we have yet to see a convincing reversal. The question now is whether this becomes a base for Read More…
Oil prices held on to Wednesday’s gains after comments at the UN showed tensions between the US and Iran remained high. This was the first bullish session since Wednesday last week, when the Fed hiked interest rates. The decline over the past week came as supply concerns eased and traders cheered a brief pause in Read More…
Introduction In our September 15 analysis, we were watching for another push higher after crude’s strong rally. That continuation has not followed through, and after a week of trading, price is back in the low 90’s. We now focus on whether buyers can hold this level or if we see a further drop to the Read More…
Gold prices were down on Wednesday for the third consecutive session as the outlook for higher global interest rates weighed on the non-yielding metal. At the same time, a rally in the dollar has made bullion more expensive for overseas buyers. Prices have declined despite a drop in oil prices as traders hope for a Read More…
