The crude oil prices bolstered this week amid the lingering geopolitical fears that could tighten supply. The price of West Texas Intermediate crossed $60 per barrel, while the Brent crude rose to $65, extending gains after the last rally. Following Moscow’s hostility in Ukraine, the US decision to sanction Russia’s major oil exporters, Rosneft and Read More…
Introduction Crude oil futures have jumped 3.35% to $60.46 on Wednesday at the open, posting their biggest daily gain in over two weeks. CL is also up 8.8% since the low on the 20th of October, where the buyers stepped back in after a sharp selloff, and the price bounced from the $56–$57 support zone. Read More…
Introduction The U.S. Dollar Index (DXY) edged up 0.11% to 99.07 on Tuesday, showing signs of steadying after last week’s drop. It’s still holding above key support, with buyers trying to keep momentum going despite mixed U.S. economic data and changing views on Fed policy. Let’s take a closer look at the technicals.. Technical Overview Read More…
Gold futures captured renewed attention as a hedge against systematic risk. On Tuesday, the precious metal saw the steepest single-day decline in the past twelve years, dropping more than 8%, after surging to record highs near $4,400. The downfall was attributed to profit-taking and improved risk sentiment amid US-China trade talks. The volatility shows how Read More…
Introduction Gold futures (GC) rebounded off the R1 pivot at 4012.9 as buyers stepped back in to defend the support following Tuesdays 6% selloff, the biggest single-day drop in years. The retracement came after gold reached a fresh all-time high near $4,219, before seeing profit-taking amid easing geopolitical fears and a brief rebound in the Read More…
Introduction Candlesticks are by far the most used chart type in trading and investing today. Heikin Ashi candles take this one step further and smooth out the price action to create a less volatile chart for traders to analyze. In this guide, we will look at the Heikin Ashi candles, what indicators work well with Read More…
