Introduction Gold has been the standout so far this quarter as geopolitical tensions persist. It is not only acting as a safe haven, but the chart has some great formations we can take advantage of. The daily chart shows just how strong the trend has been since November 2023, with the 21-week Simple Moving Average Read More…
Oil prices increased slightly on Thursday as US inventory data surprised to the upside, indicating better-than-expected demand. At the same time, investors lowered their expectations for an increase in production at OPEC’s June meeting. WTI, Crude inventories (Source: Bloomberg, EIA) Notably, data on Wednesday revealed that US crude inventories fell by 1.4 million barrels last Read More…
RTY Chart Overview In this analysis, we’ll take a closer look at the daily chart of the E-Mini Russell 2000 Index Futures, focusing on the potential head and shoulders pattern, support zone, and key technical indicators. Head and Shoulders Pattern The chart highlights a possible head and shoulders pattern, which could lead to a bearish Read More…
Gold prices pulled back on Tuesday as investors paused and took profits after the recent rally. However, the bullish bias remains as markets cheered the increased likelihood of a Fed cut in September. At the same time, central bank purchases kept demand high. The pause in gold prices might be temporary, as most indicators point Read More…
Chart Overview In this analysis, we’ll take a closer look at the daily chart of the Euro FX Futures, focusing on the price movements as 6E has been stuck in a range for over one year. This range is between well-defined support and resistance zones, with the resistance zone at 1.10265, and the support zone Read More…
Equities closed higher on Monday as investors gained confidence that the Federal Reserve will cut rates sometime this year. Moreover, better-than-expected earnings reports from US companies continued to support the market. S&P 500 (Source: Bloomberg) Since last week, equities have performed well as policymakers and economic reports point to an eventual Fed rate cut this Read More…
