Oil prices fell on Thursday after Iran reached a deal with Oman to manage the Strait of Hormuz. At the same time, market participants were relieved when the US chose to use sanctions against Iran.
Tag: crude oil futures (CL)
Russell 2000 Futures (RTY) Technical Analysis, 26 August 2026
Introduction RTY has pulled back 2.15% from the 3,080 high and is now sitting on the rising 50 moving average at 3,002.3, which has tracked beneath this rally since April. The one time price traded below it was the early-August dip to 2,900, and that was recovered within days. The 200 moving average is far Read More…
Crude Oil (CL) Technical Analysis, 26 August 2026
Introduction CL has dropped 8.7% in three sessions, from the 88 high on 21 August down to 80.30, and price is now getting close to testing the lower boundary of the symmetrical triangle that has contained it since late May. That boundary sits near 79, with the faster moving average at 77.87 just beneath it. Read More…
The Floor Trader Method: A 9/18 EMA Strategy Built for Prop Firms
Introduction Most trading strategies were designed for traders risking their own capital, with no rules applied to them. Move one of those strategies onto a funded trader program without adjustment, and it tends to fail. This is because the risk parameters that made it work no longer fit inside the account’s constraints. The Floor Trader Read More…
Oil Rally Resumes as US-Iran Talks Hit Roadblocks
Oil resumed its rally on Thursday as market participants worried about supply disruptions in the Middle East. Hopes to reopen the Strait of Hormuz have faded as the US and Iran disagree on the terms.
ES Long Trade Alert, August 19, 2026
ES has pulled back from its fresh all-time high at 7,838 to retest 7,720 – the prior ATH as support. RSI is holding above the 50 midline at 55.73, keeping the broader uptrend structure intact. Trade Setup Bias: Long Entry: Close green for August 19 session Stop: 7,595 Target 1: 7,838 Target 2: Continuation above Read More…