Introduction Euro futures have broken below the support area that held through June and July, extending the decline from August’s highs. This was a very important level for Euro bulls to hold because the next support level is down at 1.11. The chart is oversold no won the daily so a short term bounce or Read More…
Introduction Gold has given back most of its August recovery and is approaching the support area that held through June and July. Price is trading around $4,170 on the September 29 daily chart, below both moving averages, with sellers now in control again. The gold bulls are scrambling because there looked like a strong chance Read More…
estimated reading time: 9 minutes Dan bought his first $25,000 evaluation on a Sunday night, mostly to see how it would go. Dan isn’t one person. He’s a bunch of traders we hear from every week, but his approach is the same as all of them. He had a few setups he liked, a general Read More…
Oil prices held on to Wednesday’s gains after comments at the UN showed tensions between the US and Iran remained high. This was the first bullish session since Wednesday last week, when the Fed hiked interest rates. The decline over the past week came as supply concerns eased and traders cheered a brief pause in Read More…
Introduction In our September 15 analysis, we were watching for another push higher after crude’s strong rally. That continuation has not followed through, and after a week of trading, price is back in the low 90’s. We now focus on whether buyers can hold this level or if we see a further drop to the Read More…
NQ Follow-Up: Rally Confirms the Breakout Above 30,640 NQ has confirmed its breakout, and we are closing in on the all-time high. Yesterday’s session, 21 September, rallied 2.90% and has already broken above the resistance at 30,640. Now, bulls are looking for a continuation and not a stall, as ATH sits only 2% away. 30,640 Read More…
