Recap From Yesterday In yesterday’s DXY technical analysis, we highlighted: Today’s price action confirms the bounce is gaining traction. What’s Changed Since Yesterday? Strong Impulsive Move Higher The momentum is accelerating as the conflict in the Middle East continues to escalate. From here, the next most obvious level that comes into focus is the 100 Read More…
Quick Recap From Yesterday In yesterday’s crude oil technical analysis, we saw a big jump in the price after the weekend’s developments in Iran. Here is a snapshot: The candle from yesterday also closed firmly green after the gap up. After the close, price opened lower but still in the range of the previous candle Read More…
Introduction The U.S. Dollar Index (DXY) had a small uptick in buying pressure after the weekend’s turmoil over the Middle East. Now the greenback is trading at 98.2, and the price spiked 1% after the open. The catalyst is as follows: What Just Happened in the Dollar Index? A lot hinges on the developments in Read More…
Introduction After a weekend full of major turmoil in the Middle East, Crude Oil (CL) has exploded higher, rallying 12.54% in early Monday trade. Any further developments of the crisis will be closely watched by investors, and all traders should be wary of the volatile swings we are likely to see in the market this Read More…
Introduction In the February 17 analysis, ES was trading within a range, with resistance near the 6,950–7,000 zone and support around 6,750–6,800. Momentum was weakening, which was understandable after such a long and tireless rally that we have seen in the US equity markets. Since then, price has struggled to find the buying power necessary Read More…
Introduction In the February 3 analysis, gold had a very big single-day sell-off of 13% after the price was hitting new highs consistently. The analysis we did was to see if there was a higher probability of the market continuing to fall or finding a base and slowly forming a recovery. Since then, the bulls have Read More…
