The downward trend line on the daily chart acts as resistance, and ES struggles to push through Anchored VWAP at the high of the year, acting as an accumulation point for shorts Factoring the Inflation report and Fed rate decision into this week’s sentiment Resistance You will remember from the analysis on December 2nd that Read More…
US producer prices increased more than anticipated last month. Markets are awaiting several important central bank meetings and releasing the latest US inflation figures. The BoE and the European Central Bank are expected to announce 50 bp rate increases. Currency futures fell as the dollar increased on Monday after data on Friday revealed that US Read More…
NQ remains within a tight consolidation zone Different ways we can capitalize on the breakout Targets for each direction and what it means for markets in 2023 NQ Remains Within Tight Range Amid Inflation Report NQ has been stuck in a 574-point range for almost a month now. We saw a huge rally in markets Read More…
Bears take over as CL’s price drops 12% in a week. The hourly chart shows the potential of a double-bottom formation. Bears Take Over In Monday’s article, we discussed two possible scenarios, the Bear case and the Bull case. Since then, CL has dropped 12% and has taken out the spinning top’s low. CL is Read More…
On Wednesday, Oil fell to its lowest level of the year. US crude output increased last week, reaching 12.2 million barrels per day, its highest level since August. US gasoline stocks increased by 5.3 million barrels over the week to reach 219.1 million. After falling to their lowest point this year in the previous session, Read More…
6E is still trading within the Multi-Year level we have been watching closely. MACD showing signs of bearish divergence. Morning star spotted on the monthly chart. Technicals Showing Bearish Sentiment Multi-Year Level The multi-year level we have been watching closely still has a tight grip on the Euro. You will remember from last week’s analysis Read More…
