Recap from Last Update In our July 10th article, we highlighted the $67–$69 resistance-turned-support zone as the key zone to be focused on. We also noted the looming Iran-Israel geopolitical risks, which created temporary volatility but failed to produce a lasting trend shift. Since then, CL has remained range-bound, and as of today, it’s pressing Read More…
Currency futures gained on Monday as the dollar paused last week’s rally, with market participants weighing the outlook for Fed rate cuts. Even the yen gained after Sunday’s election, which led to a loss of majority seats in the Upper House for the ruling party. Last week, most currency futures eased as the dollar gained. Read More…
Interest futures rose on Friday after upbeat economic data in the previous session raised optimism about the state of the US economy. However, a decline in Fed rate cut bets and a rally in US Treasury yields put a lid on gains. US retail sales (Source: US Department of Commerce) Interest futures fluctuated on Thursday, Read More…
Introduction The Nasdaq 100 continues to grind higher, notching fresh all-time highs above the previous ATH at 22,425, confirming the bullish breakout structure discussed in our previous analyses. While price action remains strong, momentum indicators are showing signs of fatigue, which could hint at a short-term breather. Key Technicals Probability Table Scenario Estimated Probability Key Read More…
Oil prices recovered from a three-session drop on Thursday as trade tensions eased and data revealed solid oil demand in the US. However, the risk of an escalation in trade tensions might keep prices subdued. At the same time, upbeat US CPI data eased expectations for a Fed rate cut, which in turn hurt prices. Read More…
Introduction Russell 2000 E-Mini Futures (RTY) are trading at 2,213.3, down slightly by -0.23% on the day. After a strong multi-week rally off the April lows, price has paused and is now pulling back from the 2,230s, testing the 200-day MA and previous minor resistance-turned-support near 2,212.7. Its a important level to watch to see Read More…
