Introduction The S&P 500 Futures (ES) exhibit strong bullish signals both on the technical side and on the fundamental side. Price is hovering around $4531, with last week closing up 2.1%. ES is only 6.2% away from all-time highs now, and the question is whether we see new highs before the year’s end? Weekly Chart Read More…
On Wednesday, oil prices plunged over 1.5% due to a larger-than-expected increase in US crude inventories. Concerns about demand in Asia also contributed to the decline. US crude stocks surged by 3.6 million barrels last week, reaching 421.9 million, significantly exceeding analysts’ expectations of a 1.8 million-barrel rise. Additionally, the weekly government data indicated that Read More…
Key Price Levels to Watch: Technical Indicators Overview: Fibonacci Retracements: Potential Market Scenarios: Conclusion As we wrap up our technical analysis of Crude Oil Futures, it’s clear that the market is at a crossroads, with key levels at $74.91, $95.03, and $68.07, offering guidance on potential future movements. Remember, the true skill in futures trading Read More…
On Wednesday, oil prices dropped over 2%, reaching their lowest point in over three months due to concerns about decreasing demand in the US and China. According to American Petroleum Institute figures, US crude oil stocks surged by almost 12 million barrels last week. If confirmed, this would be the largest build since February. The Read More…
Intro NQ has rallied 9% in a little over a week and is now only 4% away from all-time highs. With all the geopolitical mentions going on around the world it just shows that markets are 100% completely disconnected from reality. We are living in a ‘fake’ time and nobody is considering the risks that Read More…
Crude oil futures (CL) are flashing clear warning signs for traders based on key technical indicators and moving averages. Both oscillators and trend-following metrics point to a strong sell sentiment taking hold. A key support was also broken last week as CL is now trading for $78 per barrel. RSI and Stochastics indicate oversold conditions Read More…
