Introduction Gold futures could be forming a symmetrical triangle pattern as GC trades between major support near 4,440 and the descending trend line resistance from the February highs. After the explosive rally earlier this year that pushed gold into new all-time highs above 5,600, momentum has cooled as the conflict in the Middle East began. Read More…
Currency futures rebounded amid an improving risk sentiment after Trump hinted at great progress in talks with Iran. Hopes for a peace deal weighed on the dollar and it lost some of its safe haven shine. Nevertheless, market participants remain cautious since the two countries could still fail to reach an agreement. When the week Read More…
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…
