Weekly Chart Analysis:The weekly chart gives us a broader perspective and a longer-term view that we use for our trend analysis which means the weekly doesn’t necessarily have to be a chart we look at taking positions. The noteworthy psychological $100 level stands out, but before we get there, let’s focus on the more immediate Read More…
On Wednesday, oil prices dropped nearly 1% in a volatile session. OPEC+ unexpectedly postponed a meeting on production cuts from November 26 to November 30, fueling concerns about global crude supplies. The group, consisting of major producers like Saudi Arabia and Russia, was supposed to discuss the possibility of expanding oil output cuts into 2024. Prices Read More…
Who is Cesar V. & His Journey with OneUp Trader Cesar V., a remarkable funded trader from Mexico, has achieved an extraordinary feat in his funded trading account. In under 40 days, Cesar withdrew a staggering $76,500 from his $250K funded trading account with OneUp Trader, and he’s currently managing over $50,000 in unrealized profits. Read More…
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…
