Oil prices ended 2% lower on Wednesday after news of a likely end to the Russia-Ukraine war under Trump’s administration. At the same time, US inflation data came in higher than expected, dashing Fed rate cut expectations. WTI futures (Nymex) During his campaigns, Donald Trump said he would not allow the Ukraine war to continue Read More…
Introduction The Euro (EUR/USD) has shown signs of stabilization after months of weakness driven by a surging U.S. dollar. A strong dollar, fueled by hawkish Federal Reserve policy and resilient U.S. economic data, has kept the euro under pressure. However, recent price action suggests that the euro may have found a bottom, with bullish momentum Read More…
Introduction Crude oil futures have rebounded after testing support, but the long-term downtrend resistance remains intact. As of today, NYMEX WTI crude oil (CL) is trading at $73.00, up 0.94%, as buyers attempt to push prices higher after a recent rejection near $75.30. However, the descending trendline that has capped rallies since mid-2023 remains a Read More…
Oil prices collapsed on Wednesday after data revealed an unexpected surge in US crude oil inventories, pointing to weak demand. At the same time, concerns about a trade war between China and the US put downward pressure on prices. Data on Wednesday revealed that US crude inventories rose by 8.664 million barrels last week. Meanwhile, Read More…
Introduction Are you ready to prove your skills but hesitant about the upfront cost? We’ve just made it easier than ever to start your funded trading journey. With our new pricing model, you can now start your evaluation by paying only 50% of the evaluation fee upfront—and the other 50% only if you pass! This Read More…
Introduction In our January 24, 2025 analysis, we highlighted crude oil’s rally into resistance at the 200-day SMA (74.54) and the descending trendline. We noted that failure to break above these levels would likely result in a pullback, with support levels around 71.97 (50-day SMA) and the broader $67.00 – $68.50 support zone coming into Read More…
