Introduction Crude oil prices have been falling recently due to a combination of factors. One major reason is the slowing demand from China, which has been experiencing economic challenges, particularly in its real estate sector and a growing shift towards electric vehicles. As one of the largest consumers of oil, any slowdown in China significantly Read More…
Introduction The Dollar is trying to hold off from a tremendous re-balancing as the Euro begins to gain steam against the greenback. There had to be a time when, eventually, the hyper-money printing during COVID-19 would have its effect. Are we seeing that now? The Fed recently cut rates, and they signal that further rate Read More…
Introduction As we all know, Gold futures have been in a solid uptrend this year as the Dollar has weakened. The main feature on the charts is the bull flag, which we have covered a few times in our technical analysis. The pattern has more than confirmed and is just over halfway away from the Read More…
Introduction The technical analysis we did a few days ago for ES has now been confirmed, and we are looking like the next upside rally is here. The daily chart confirmed the breakout with a strong bullish close above the previous high, and as long as prices remain above that, bulls should have the upper hand. Read More…
Introduction It’s time again to look at the overall picture of CL futures and where we see it heading. The price is still hovering inside the support zone at $68, a level that has been tested and held since the start of 2023. Now, it looks like bulls could be targeting a move back up Read More…
Introduction The S&P 500 has broken above all-time highs today on expectations that the first rate cut in four years is coming on the 18th of September. Traders are anticipating the first rate cut since March 2020, which comes after a prolonged period of high interest rates aimed at ‘combating inflation’. The expectations are that Read More…
