Introduction Crude oil is hovering around $62.30–62.50, finding buying pressure inside of a support zone. After months of steady selling, bulls are starting to find some strength and are looking to push the price back up toward the 50-day SMA. Lets take a deeper look at the technicals and what they are telling us. Technical Read More…
Tag: crude oil futures (CL)
Nasdaq 100 Futures (NQ): Technical Analysis
Introduction The Nasdaq 100 (NQ) has powered into new all-time highs (ATH), breaking above the 24,068 resistance and climbing to 24,720. The move confirms continued bullish strength in tech, but momentum is stretched, leaving the index vulnerable to a short-term cooldown. Technical Update Key Levels Level Type Note 24,720 Resistance Current high, extension point 24,068 Read More…
Oil Prices Tick Higher as Fed Cuts, Slump in Crude Inventories
Oil prices edged higher on Thursday, a day after the Fed lowered borrowing costs by 25 bps as expected, while markets were optimistic about a fall in crude inventories. However, downward pressure came from concerns about the state of the US economy. After much speculation and anticipation, the Fed finally cut interest rates on Wednesday. Read More…
Celebrating 2,000 Trustpilot Reviews at OneUp Trader!
Introduction We are thrilled to announce another huge milestone for OneUp Trader: we’ve officially reached 2,000 Trustpilot reviews! This achievement wouldn’t have been possible without the incredible community of traders who continue to trust us and share their passion for becoming successful in the markets. Every review tells a story and shows the prop trading Read More…
Oil Softens on Demand Worries, Loose Market Risks
Oil prices eased on Thursday amid worries about oil demand and the rising risk of oversupply and a loose market. However, prices rose in the previous session as global tensions increased the risk of supply disruptions. Meanwhile, market participants are paying close attention to US economic data for clues on the outlook for Fed rate Read More…
Scalping the NASDAQ: Doris Withdraws $7,155 With OneUp Trader
Introduction Today, we spotlight Doris, a 36-year-old trader from Boca Raton, Florida, who has withdrawn $7,155 through the OneUp Trader-funded program. Doris is a scalper, and she trades the NASDAQ Futures contract as well as the micro version (MNQ), which is a very popular instrument for scalpers because of its high volatility. With six years of trading Read More…