Oil prices fell yesterday on concerns over a probable global recession. US manufacturing continued to decline in December, affecting oil prices. In anticipation of weak local demand, the Chinese government boosted export quotas for refined oil products. After two days of severe losses in oil prices, investors came out to buy dips on Thursday amid Read More…
Gold is now only 12% away from 2022 highs. Critical technical indicators that help us understand recent price action. Analyzing an Orderblock and Moving Average Band for Improved Entries. Gold Up 2.6% So Far in 2023 It’s been a positive start for Gold, with the yellow metal up 2.6% in the first week of trading Read More…
The FOMC minutes will determine the future course of interest rates. Markets are already pricing in rate reductions by the end of 2023. The Fed will start easing its monetary tightening path when the jobs market weakens. Major Equity futures prices crawled higher on Wednesday while the dollar fell. Investors are eagerly awaiting the Federal Read More…
CL suffers a 9% decline in just two days, as suspected. Analyzing the order block responsible for multiple price rejections at $81.55. Evaluating the differences between time-based and range charts in a trending market. Quick Recap Before the end of the year, we looked at possible bearish targets around $67.98. CL dipped from $75 to Read More…
The bearish target below $11,000 has been reached. Using Fibonacci Retracements to set potential bearish targets. Analyzing the yearly NQ chart alongside quantitative easing. 3 indicators to pay close attention to. Bearish Break Of Consolidation Zone We have been monitoring the consolidation zone on NQ now since the middle of November. Price remained in a Read More…
Indices are trading near 2022 lows Technical analysis on NQ, Gold & CL What we can expect from 2023 What We Can Expect From 2023 2022 saw the majority of markets take a free fall. NQ dropped over 32%, ES ended the year down 18%, and Gold, traditionally a safe haven ended flat on the Read More…
