Introduction Crude Oil Futures (CL) have been trading in a steady downtrend since October 2023 with small bounces here and there. Now Crude oil has tested the multi year support level at $68 per barrel. The probabilities align with the bulls being stronger at this point as the support level has successfully held over eight Read More…
Technical Overview Outlook & Trade Considerations Outlook: The Russell 2000 futures show short-term relief but remain in a bearish structure. A move above 2,210 is necessary for further upside, while 2,084 and 2,003 are critical support levels to watch.
Introduction The U.S. Dollar Index (DXY) continues to trade lower as confidence continues to diminish in the US. The chart looks like the price might be turning around for a bit after reaching oversold on the RSI, but as we know, the Dollar is influenced almost entirely by the fundamental picture. Let’s see if we Read More…
Introduction S&P 500 futures have rebounded after a sharp selloff, reclaiming some lost ground. Despite the recent bounce, ES remains below key resistance levels, so it looks like this small bump could be just a relief rally instead of the start of a new trend. Traders need to see that the lows at $5,500 are Read More…
Introduction Gold futures continue their strong bullish trend, trading just below the psychological $3,000 level after a very long, resilient rally. The metal remains supported by fundamentals, including geopolitical risks, inflation expectations, and central bank demand, as the geopolitical environment shakes. Technical Analysis – Daily Chart Key Levels to Watch Fundamental Factors Influencing Gold Trade Read More…
Introduction Japanese Yen futures (6J) have been in a strong uptrend since rebounding from the 0.0062500 support zone. The rally has now pushed the price into a resistance level near 0.0068750, a prior supply zone. Technical analysis can be found below. Technical Analysis Key Resistance at 0.0068750 – Major Test for Bulls The 0.0068750 level Read More…
