Introduction In our previous analysis, CL was trading just below the 200-day moving average after testing it as resistance. Price has since dropped from there by 8% to test the support zone at $55.8, and bulls will be trying to hold that level, as there are no horizontal support levels below that, which means we Read More…
Introduction For a limited time, OneUp Trader is giving traders a free reset with every evaluation purchased from December 15 through December 21. It’s a simple way to reduce risk, save $100, and give yourself more flexibility during your evaluation. If you’ve been thinking about joining the OneUp Trader-funded trader program, the time couldn’t be Read More…
Crude oil futures experienced increased volatility on Wednesday as geopolitical tensions, macroeconomic expectations and shifting supply flows collided. The markets were left torn between short-term supply risk and structural long-term concerns. The WTI futures settled near mid-58.00, while Brent futures ended above $62.00. The modest gain came after the US seized a sanctioned crude oil Read More…
Introduction Crude Oil Futures (CL) have encountered resistance at the 50-day moving average, with a bearish engulfing pattern forming in the December 8 session. The RSI has also come down off the 50 line as the selling pressure increases. On the fundamentals side, crude remains sensitive to weekly U.S. inventory data, with traders watching for Read More…
Crude oil futures gained modestly in Thursday’s Asian session, supported by renewed geopolitical worries and a weaker dollar. However, the broader outlook remains capped by the softening demand and rising US inventories. WTI futures hover above $59.00 after a 0.5% gain, while Feb Brent trades just below the $63.00 mark. The recent boost in price Read More…
Introduction The S&P 500 E-mini Futures (ES) have found some bullish momentum now pushing close to the all-time high. Price has also broken above the 50-day moving average, a good sign that sentiment is shifting to bullish again. Buying power and risk appetite is increasing as the market is expecting no hikes for the next Read More…
