Recap Last week our main focus was on the small triangle formation on the Gold daily chart. Recently, price has broken out of the bottom of this triangle as the bears haven proven too strong. There are a few levels we can monitor at the moment and potential ways to trade this setup so lets Read More…
Bulls In Control Crude Oil continues to surge as small dips are eaten up quickly by powerful buying pressure. The question here is if there is any bearish case, really. It appears that there is none, which is important to note moving forward as CL targets the psychological $100 level. In our last technical analysis, Read More…
Bulls Are Ready The bulls are ready to pounce as NQ trades within the support zone at $14,800. This is the most significant zone on the chart at the moment, and a bounce from here could mark the opportunity to go long. In this week’s analysis of NQ, we are going to keep it short Read More…
Technical Analysis The last time we looked at the Russell, it was falling toward a support level. This pattern is a converging technical pattern that we could look at taking positions from as it is a large range. You can see in the chart below, the support line we are looking at. What we would Read More…
Introduction The Dollar has rallied 6% since July. This might not sound like a significant amount, but it is a significant move for a currency paired against a basket of other currencies. The DXY index topped out at 114.7 in September last year, then started falling and dropping to a low of 99.5 in July. Read More…
Weekly Chart Zooming out and looking at price action from the start of the year shows us a small resemblance to a cup formation, which leads me to believe that if we see a handle in the next few weeks or months, there is potential for a much bigger bullish move in ES, one that Read More…
