Introduction This is a follow-up to the 17 July analysis. NQ broke below the support of the triangle and the 50 MA, and if we extend the target line, it brings $28,000 into play. As traders, we need to think in probabilities because nothing is certain in the markets, so let’s take a look and Read More…
Introduction WTI crude closed up 15.6% last week, which is the highest weekly close since April. There is resistance now at the 50-day MA, so the question is whether the selling power will be strong enough to push prices back down toward $70 or if the bulls will be strong enough to continue with this Read More…
Introduction This is a follow-up to the 14 July analysis, where a close below 29,300 was flagged as the trigger for a deeper pullback, with 28,900 as the first target and the 200-day MA further below that. That scenario has now played out and gone further than the initial target — NQ closed at 28,707.50 Read More…
Introduction Crude Oil has bounced this month after dropping from highs of around $105 earlier this year to below $70. We know this was all driven by the conflict in the Middle East, and as the markets digested what was going on, now this bounce is another attempt for CL to get back up testing Read More…
Introduction This is a follow-up to the 6 July analysis, where the call was for a shallow pullback after the breakout to new highs, with 52,500 and the 50-day MA flagged as the levels to watch for a bullish reaction. That’s largely played out — price pulled back after tagging the low-53,000s, held above 52,500, Read More…
Introduction NQ closed at red to start the week off, below its 50-day moving average (29,801.12) for the first time since this leg of the rally began. Price also dipped as low as 29,303.25 intraday, testing the rising trendline off the recent triangle before bouncing back. Combined with a bearish MACD reading, this is the Read More…
