Crude Oil Futures
Fundamental Analysis

Unexpected Spike in US Crude Stocks Drives Oil Prices Down 1.5%

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…

Technical Analysis

Crude Oil Futures (CL) Technical Analysis: A Short-Term View

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…

Crude Oil Futures
Fundamental Analysis

Oil Prices Hit 3-Month Low on US-China Demand Worries

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…

Nasdaq 100 index futures (NQ)
Technical Analysis

Are Equities Too Hot Right Now? Nasdaq Technical Analysis

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…

Technical Analysis

Crude Oil Futures (CL) Technical Analysis

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…

S&P 500 futures
Technical Analysis

S&P 500 Futures (ES) Surge 5.8% last week

Introduction Equities surged last week as the Federal Reserve’s decision to hold interest rates steady in November marked the second consecutive meeting without a rate hike, following 11 hikes this year. Chair Powell stressed that while risks of undershooting or overshooting inflation targets have balanced out, no rate cuts are on the horizon. Markets don’t Read More…