Oil prices plunged over 1% on Wednesday due to a strong US dollar and a bigger-than-expected increase in US gasoline inventories. The dollar strengthened after reports that Trump would take aggressive measures to ensure his tariff policies are implemented. Data on Wednesday from the Energy Information Administration revealed that gasoline stocks rose by 6.3 million Read More…
On January 9, 2025, the United States will observe a National Day of Mourning to honor former President Jimmy Carter, who passed away on December 29 at the age of 100. In recognition of this solemn occasion, there will be adjustments to trading schedules that traders must pay attention to. U.S. Equity Markets: Interest Rates Read More…
Introduction Since our previous analysis on January 2, 2025, crude oil futures (CL) have rallied as anticipated, breaking above the consolidation range and climbing toward key resistance levels. With today’s price action hovering near critical technical zones, let’s analyze the probabilities for the next directional move in crude oil futures. Technical Analysis Overview Key Developments Read More…
Crude oil futures are starting 2025 on a bullish note, with prices climbing +3.10% this week to trade at $72.79. As geopolitical stability improves and demand outlooks remain strong, oil prices are gearing up for a potential breakout above resistance levels, but let’s see what the technicals tell us. Technical analysis Strong Support Descending Trendline Read More…
Introduction After sharing Cesar V.’s remarkable achievement of withdrawing $76,500 in 40 days, we had the opportunity to sit down with him again to understand how his trading has evolved. What we discovered was not just a story of successful trading but a profound insight into how he understands and approaches the markets through the Read More…
Oil prices remained fragile on Thursday after collapsing due to a less dovish outlook for Fed monetary policy in 2025. Meanwhile, a drop in crude inventories and a surge in crude exports helped support prices. On Wednesday, the US Federal Reserve lowered borrowing costs by 25-bps. However, instead of signaling more rate cuts, the central Read More…
