Introduction Crude oil futures are pulling back slightly heading into the weekend as markets continue reacting to headlines surrounding possible progress in US-Iran negotiations. After rallying aggressively throughout March and April amid escalating tensions in the Middle East and disruptions in the Strait of Hormuz, buyers are pushing prices near the upper end of the Read More…
Introduction Dow Jones futures continue showing bullish momentum as YM pushes back toward the all-time highs near 50,900. Following the sharp correction during March and early April, buyers stepped back into the market aggressively and have now nearly recovered the entire decline. The current daily chart shows Dow futures trading firmly above both the 50-day Read More…
Interest futures extended gains on Thursday as yields dropped due to a decline in oil prices. Oil declined on Wednesday after Trump declared that negotiations with Iran were at the final stages. Meanwhile, experts are warning of higher oil prices if the Strait of Hormuz remains closed in the summer. Crude oil, US 10-year yield Read More…
Introduction Following strength in other US equity markets, the Nasdaq 100 E-mini futures continue to show strong momentum after the aggressive recovery from the April lows. Following the sharp selloff during March and early April when the crisis in the Middle East was at its highest, buyers stepped back into the market and pushed NQ Read More…
Oil collapsed on Wednesday after reports that US-Iran talks were at the final stages. The US called off attacks on Iran earlier this week to give room for negotiations. Elsewhere, the United Arab Emirates is working hard to construct a new pipeline that will pass near the Strait of Hormuz. Oil prices have maintained an Read More…
Introduction Russell 2000 futures are pulling back slightly after a strong rally that pushed RTY back toward the recent highs near 2,815. Small caps have shown impressive strength since the April lows, with buyers stepping back into the market aggressively following the recovery across U.S. equities. The daily chart still shows a bullish structure overall, Read More…
