Overview Crude oil has seen a sharp unwind following last week’s geopolitical-driven spike above $77. Over the past 48 hours, a de-escalation in tensions between Iran and Israel has cooled risk sentiment, pushing prices back into the prior breakout zone between $64 and $68. A rapid +20% rally driven by fear premiums has now corrected Read More…
Introduction Light Crude Oil Futures (CL) are trading sharply higher at $73.51, up more than 20% from the May lows. The breakout is technically significant, but more importantly, it’s now being supported by growing geopolitical risk in the Middle East due to renewed conflict escalation between Iran and Israel, which has once again injected a Read More…
Currency futures experienced a surge in volatility as the week started. The escalating geopolitical tensions and evolving monetary policy expectations keep the traders on edge. The US dollar continued to benefit from the safe-haven flows while the commodity currencies and risk-sensitive assets retreated in response to Middle East turmoil and mixed macroeconomic data. The Dollar Read More…
Introduction When it comes to funded trader programs, Marlon Haynes from Little Rock, Arkansas, has achieved what many aspiring traders only dream of: consistent profitability and sizable withdrawals through a prop firm. At 47, this six-year trading veteran recently withdrew $9,000 from his OneUp Funded Trader account in just three days, bringing his total withdrawals Read More…
The crude oil futures slipped on Thursday from the $75.00 level as traders weighed the intensifying Iran-Israel conflict along with a slightly hawkish Fed stance. Despite a significant pullback, the price stays around the 5-month high due to fear of supply disruption in the Middle East, especially around the Hormuz Strait. Around 20 million barrels Read More…
Current Price: $73.51Change: +0.73%Move from June low: ~$60.09 → ~+22% rally Key Technicals: Crude has triggered a high-momentum breakout from a zone where CL was consolidating for a long time. This wasn’t a grind higher, though; this was a news-driven surge with a technical structure now favoring trend continuation, but with risk of overextension. Middle Read More…
