Introduction An unfortunate movement in price for the CL bulls since our last analysis, now trading below the 50-day MA. It was important that bulls held the MA because now that the price has dropped below it, the last support zone is at $75, before the 200 MA at $66.25. If this happened, it would earse 40% Read More…
Equities rallied on Monday as traders applauded the news of a peace deal between the US and Iran. Meanwhile, oil prices collapsed, easing inflation worries. However, some analysts have warned that it could take time before supply returns to normal. Elsewhere, market participants are eagerly awaiting the FOMC policy meeting for clues on future Fed Read More…
Introduction If you spend enough time around trading content online, you will eventually hear the term “technical analysis.” For many beginners, it sounds complicated, advanced, and something only professional traders understand, but it is much simpler than you think. Technical analysis is the process of studying price charts to identify trends, patterns, and potential trading Read More…
Introduction S&P 500 futures have responded exactly how bulls would have hoped following the pullback we discussed in our June 9 analysis. Last week, ES had just triggered its first Supertrend sell signal since February and was pulling back from the highs near 7,650. After selling off and testing the 50-day MA, buyers stepped back Read More…
Currency futures jumped on Monday as the dollar declined after reports of a deal to end the Iran war. The news which came out over the weekend boosted risk appetite and eased inflation concerns. Meanwhile, market participants are gearing up for the FOMC policy meeting. Dollar performance (Source: Bloomberg) The dollar ended last week lower Read More…
Introduction Nikkei 225 futures continue trading in one of the strongest uptrends among the major global equity indices. After recovering from the sharp selloff seen during April 2025, the index has spent more than a year grinding higher inside a bullish channel. The recent pullback from the highs near 68,000 appears to be finding support, Read More…
