Oil paused its rally on Wednesday as traders took time to assess developments in the Iran war. In the previous sessions, it rallied as the US and Iran went back to missile and drone attacks, and progress made in recent talks was undone. At the same time, market participants were digesting downbeat US inflation numbers. Read More…
Oil prices jumped on Wednesday amid escalating tensions between the US and Iran. The US bombed Iran a day after two tankers were hit near the Strait of Hormuz. Market participants were concerned about supply disruptions after Iran warned it would close the Strait again. Meanwhile, FOMC minutes revealed a split among policymakers over the Read More…
Introduction It’s time for another Trader Spotlight, and this week we’re looking at Erfan, a trader whose statistics challenge one of the biggest misconceptions in trading. Most traders believe they need to win more often than they lose. After all, if you’re wrong nearly two-thirds of the time, how could you possibly make money? During Read More…
Oil prices fell further on Thursday as easing geopolitical tensions improved the outlook for global supply. Market participants are keeping a close eye on talks in Qatar, which are progressing well despite the hostilities witnessed over the weekend. Meanwhile, the US is set to release its pivotal monthly employment report later today. Brent Performance (Source: Read More…
Introduction Most traders believe the key to success in financial markets is finding the perfect strategy. They spend months testing indicators, switching systems, watching YouTube videos, and searching for the ‘holy grail’ that finally changes everything. At first, this feels like progress because learning new concepts creates the impression that success is getting closer. But Read More…
Introduction Crude oil futures continue to weaken following our previous analysis, with sellers pushing below the important support level at $74. This was a very important zone to stay above for the bullish case to remain intact, as the market is now starting to turn bearish rather than consolidating within a longer-term uptrend. The market Read More…
