Introduction Crude oil has shifted quickly from a clean uptrend into a sharp corrective move, with price dropping roughly 15% following news of a ceasefire in the Middle East. The Strait of Hormuz has been open for two weeks, allowing the Oil ships to exit and enter the region. This has given some hope to Read More…
Introduction Gold finally had a retracement since the record-breaking rally started in February of 2024. The pullback was 27% from its high in January, but the 200-day moving average held its line. A bullish candle formed on the day the price tested that moving average and bounced. The key event was the breakdown from the Read More…
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…
