Oil prices rose 1% on Thursday, recovering from the 1% loss in the previous session. The rally came as Middle East tensions escalated. Meanwhile, the decline on Wednesday came after a bigger-than-expected increase in crude oil inventories. The conflict between Israel and Hezbollah heated up on Thursday, raising fears of a broader war that would Read More…
Introduction Hey traders, We’ve got some exciting news to share with you today! We’re always looking for ways to improve our funded trader program and make your experience a high-quality one, and we think this latest update will do just that. We have reduced the required trading days from 15 to only 10 to get Read More…
Breakdown of the Setup: The price action shows a clear ascending triangle formation, with multiple tests of resistance at 5,725.75, creating a natural tension between buyers and sellers. The recent breakout above this level confirms the pattern’s completion, and we’re already seeing follow-through. The measured move from the breakout gives us an upside target near Read More…
Oil rebounded on Thursday due to an unexpected draw in crude inventories. However, prices ended near a two-week low on Wednesday as downward pressure from demand concerns and easing Middle East tensions persisted. China’s weak economic performance has led to a downgrade in the global oil outlook. Meanwhile, the calm between Israel and Iran has Read More…
Fears of Iranian oil disruptions and Hurricane Milton in the US boosted oil prices on Thursday. In the previous session, prices fell due to a bigger-than-expected increase in US crude oil inventories. Oil eased on Wednesday after the US released data showing a 5.4 million barrel rise in crude inventories. Meanwhile, economists had predicted a Read More…
Introduction In our earlier analysis, I mentioned key levels in CL crude futures, focusing on a support zone between $66-$71 and a potential breakout above $78.04. There was an expectation of a rally towards higher targets if the price successfully broke above the descending trendline and the 100-week EMA. With escalating geopolitical tensions involving Iran Read More…
