The crude oil market has been under pressure recently, with Light Crude Oil Futures (NYMEX) showing signs of weakness as prices hover near $75.75, down 0.21% from the previous session. The latest technical indicators suggest that the market may be in for a further decline. Technical Breakdown The price is trading below both the 50-day Read More…
Introduction The recent decline in the U.S. Dollar Index (DXY) can be attributed to a combination of factors. One of the primary reasons is a shift in market sentiment towards riskier assets. As investor confidence has grown, partly due to strong earnings reports from major companies, there has been a move away from the U.S. Read More…
Hey traders, We’ve been working hard behind the scenes to bring you a feature that many of you have been asking for, and we’re excited to finally make it happen. Starting May 14th, we’re rolling out Multiple Accounts, which means you can trade up to three evaluation accounts and three funded accounts, all under one Read More…
Light Crude Oil Futures have been showcasing resilience, marking an upward trajectory after a consolidation phase at a key support level. The weekly chart reveals a rally above the 40-week moving average. The price is trading within the Bollinger Bands, edging closer to the upper band. The RSI on both daily and weekly charts is Read More…
Gold reached a three-month low on Thursday and was on track for its most significant weekly decline since February. Gold prices declined as Jerome Powell, the Chairman of the US Federal Reserve, maintained a hawkish stance and indicated that the central bank’s tightening cycle is not yet over. Powell reiterated his belief that there would Read More…
Fed Minutes leave markets unchanged ES trading near the long-term trend line Pullback entries giving positive results on lower time frames Yesterday, August 17, the Fed released its meeting minutes which has left most indices unchanged for the most part. ES futures are approaching the upper trend line, which has held since the start of Read More…
