Introduction Euro FX futures are approaching an important zone on the daily chart after several weeks of steady selling pressure. Since peaking in April, 6E has consistently produced lower highs and lower lows, keeping sellers firmly in control of the short-term trend. What makes the current setup interesting is that price has now returned to Read More…
Introduction Our June 10 analysis focused heavily on the importance of the $4,160 support level after Gold broke below the ascending trendline and former support zone near $4,400. The good thing for the bulls is that price was able to hold the support level at $4,165.2. We could see a new test of this level Read More…
Gold remained elevated on Tuesday as the opportunity cost of holding the precious metal fell after news of a US-Iran peace deal. After the announcement over the weekend, traders slashed bets for a December Fed rate hike. At the same time, market participants are awaiting the FOMC policy meeting to assess policymakers’ remarks. The rally Read More…
Introduction An unfortunate movement in price for the CL bulls since our last analysis, now trading below the 50-day MA. It was important that bulls held the MA because now that the price has dropped below it, the last support zone is at $75, before the 200 MA at $66.25. If this happened, it would earse 40% Read More…
Introduction If you spend enough time around trading content online, you will eventually hear the term “technical analysis.” For many beginners, it sounds complicated, advanced, and something only professional traders understand, but it is much simpler than you think. Technical analysis is the process of studying price charts to identify trends, patterns, and potential trading Read More…
Introduction S&P 500 futures have responded exactly how bulls would have hoped following the pullback we discussed in our June 9 analysis. Last week, ES had just triggered its first Supertrend sell signal since February and was pulling back from the highs near 7,650. After selling off and testing the 50-day MA, buyers stepped back Read More…
