Introduction Last time we looked at Crude Oil was on the 22nd of October. The ascending triangle we looked at then is still the most prominent feature on the chart. CL rallied for two weeks after the analysis we did to test the resistance at 105.10, and the selling was strong enough to send price Read More…
Equities extended declines on Tuesday as investors awaited the outcome of the US midterm elections. Stocks collapsed on Friday, ending October down as the tech sector suffered after a set of downbeat earnings reports. The only thing putting a floor on declines was the hope that talks between the US and Iran would resume. Nasdaq Read More…
Introduction The Nasdaq has seen a big drop recently, falling almost 3% last Friday on the back of Intel’s poor guidance, which led to a sell-off in tech stocks. There is also talk about whether the AI boom is sustainable and whether the bubble could be bursting. The Chinese stock market has been selling off Read More…
Currency futures were range-bound on Monday as market participants remained cautious ahead of the US midterm elections. At the same time, traders are eagerly awaiting the US non-farm payrolls report and major central bank policy meetings. Last week, traders focused on reports of talks in the Middle East, leaving currency futures mixed. Moreover, major central Read More…
Introduction The S&P 500 is only trading 2.8% from the all time high. The trend is a very slow, almost sideways grind; there is just not a lot of buying happening, but at the same time, minimal selling too, which is why we see the market move this way. There is a possible long trade Read More…
Interest futures extended gains on Friday while Treasury yields pulled back as efforts to resume talks between the US and Iran eased inflation concerns. However, there is still a high chance that tensions will escalate after the US midterm election. Moreover, after Wednesday’s FOMC policy meeting, it is clear that the Fed still has work Read More…
