Introduction Crude Oil Futures (CL) are trading close to a clear long-term support area. After a long stretch of downside pressure, price is starting to steady. The overall trend is still corrective, but recent price action shows that selling has slowed. Buyers are beginning to step in and defend this level. Crude is now at Read More…
Introduction The S&P 500 E-mini Futures (ES) have pulled back slightly after failing to hold recent highs. While the broader trend remains firmly bullish, recent price action shows that upside momentum has slowed and that the market is now testing support. This pullback comes after an extended rally, and how ES behaves around current support Read More…
Introduction Gold futures have broken above their previous ATH of $4,398, which was forming an ascending triangle. The price action has been firmly bullish after consolidating through much of November. Gold has reaccelerated higher, clearing prior resistance and targeting $4,782.4. With momentum building and structure remaining intact, the focus now shifts toward what type of Read More…
Introduction The Nasdaq 100 E-mini Futures (NQ) have pulled back sharply after another failed attempt to break into new all-time highs. Following weeks of consolidation near record levels, sellers have stepped in with increased conviction, producing a strong downside move and shifting short-term momentum. The price has broken below an upward-sloping trendline that formed since Read More…
Introduction The U.S. Dollar Index (DXY) continues to consolidate between the 96-97 support and the 101 level. Range-bound strategies would be taking centre stage in these market conditions, with longs being taken at the low of the range and shorts taken at the top. There are a few important elements we need to focus on, Read More…
Introduction U.S. equity markets continue to show strength, and the Nasdaq 100 E-mini Futures (NQ) remain at the forefront. Price is now approaching all-time highs again, and bulls are regaining the upper hand after a period of consolidation since October. The main thing driving risk assets is when the Federal Reserve will start cutting interest Read More…
