Introduction CL has dropped 8.7% in three sessions, from the 88 high on 21 August down to 80.30, and price is now getting close to testing the lower boundary of the symmetrical triangle that has contained it since late May. That boundary sits near 79, with the faster moving average at 77.87 just beneath it. Read More…
Introduction ES is coiled between 7,657 and 7,700. The pullback from the 7,840 record set on 13 August is 2.33%, and the 7,657 floor has held four sessions in a row. Daily range has compressed hard — the 25 August session covered 32 points, against 60 to 80 during the sell-off and over 100 during Read More…
Introduction Most trading strategies were designed for traders risking their own capital, with no rules applied to them. Move one of those strategies onto a funded trader program without adjustment, and it tends to fail. This is because the risk parameters that made it work no longer fit inside the account’s constraints. The Floor Trader Read More…
Introduction Gold is at an important level now because the 4,600–4,622 zone that had capped every rally since June has finally broken, and price is holding well clear of it at 4,702. That is a 6.7% move in three sessions, and it came off the back of the reclaim setup we flagged on 19 August, Read More…
Introduction The S&P 500 is at an important level now because if the bulls are strong enough to hold above 7657 it is a good chance that we see a move higher once more to test the new ATH which made made on the 13th of August. The pullback from there is only 2.28% which Read More…
Oil resumed its rally on Thursday as market participants worried about supply disruptions in the Middle East. Hopes to reopen the Strait of Hormuz have faded as the US and Iran disagree on the terms.
