Introduction Crude oil continues to trade in a clear short-term uptrend, and the latest price action is starting to confirm that buyers are still in control. On the 4H chart, the structure is clean: higher highs and higher lows, with price consistently finding support on pullbacks. The recent dip into the 96–100 area held well, Read More…
Introduction As the conflict continues in the middle east, the price of crude oil keeps moving higher. This is due to supply disruption as the Strait of Hormuz remains shut. Petrol prices are rising across the globe and some analysts are predicting $200 Oil if the conflict does not find a resolution fast. For traders Read More…
Introduction ES has bounced after prices have been declining since the start of the war in the Middle East 4 weeks ago, but the overall structure has not improved yet. The move down broke important support levels and pushed price below the 200-day moving average, which shifts the short-term trend to bearish. Right now, price Read More…
Introduction Euro FX futures (6E) have been in a steady downtrend on the daily chart because of the strength in the US dollar after the escalations in the Middle East. Price is currently below an important support level, and a more worrying sign for the Euro bulls is that it is starting to act as Read More…
Introduction The U.S. Dollar Index continues with its recovery as the tensions in the Middle East continue. Peace talks begin in Pakistan, and the Indian economy is starting to feel a big hit from the war. US equities are also facing weakness with the strong Dollar. From here, there are a few important levels to Read More…
Introduction This is the first time we are covering a technical analysis for wheat futures because there is a noticeable reversal in the price. ZW, though a very uncommon instrument to trade, is available at OneUp Trader alongside many other products you can see here. Wheat futures are starting to show signs of a trend Read More…
