Interest futures collapsed on Friday as Treasury yields soared after a better-than-expected US employment report. The upbeat nonfarm payrolls report led to a decline in Fed rate cut expectations as fears of a rapid US economic downturn eased. Initially, the week started badly for the dollar and Treasury yields. Meanwhile, interest futures were steady before Read More…
Oil prices paused their decline from the previous session as market participants shifted their focus to the upcoming US nonfarm payrolls report. At the same time, tensions between Russia and Ukraine renewed worries about supply, supporting prices. On Wednesday, oil prices dropped over 1% after inventory data showed a surprise build in US diesel and Read More…
Trend Structure Key Support Levels Level Comment 102,720 (Pivot) Immediate short-term support; being tested. 95,095 (S1) Stronger horizontal 85,060 (S2) Lower support level of the channel uptrend. Resistance Levels Level Comment 110,150 (ATH) Psychological and technical ceiling. 113,755 (R1) Short-term price rejection zone. 122,380 (R2) Upside breakout target post-ATH. Market Psychology Trade Setups Scenario A Read More…
Gold fluctuated on Wednesday amid uncertainty about developments on trade talks between the US and its trading partners. At the same time, there was caution as market participants awaited the pivotal US nonfarm payrolls report. Trump asked the US’s trading partners to come up with good offers for negotiations by Wednesday. Since April, market participants Read More…
Equities edged higher on Monday amid hopes of progress in trade talks between the US and its trading partners. However, there was downward pressure after Trump promised to increase tariffs on steel and aluminium goods. On Friday, Trump called on the US’s trading partners to provide offers for negotiations by Wednesday. More talks could result Read More…
RTY Underperformance Weekly Chart of RTY: Structure and Trend Bullish Observations: Caution: Daily Chart of RTY Moving Averages RSI (14) Structure Metric ES (S&P 500 Futures) RTY (Russell 2000 Futures) Trend (Weekly) Strong uptrend Sideways, potential reversal Proximity to ATH ~4% below ATH ~17% below ATH Daily Trend Bullish continuation Range/consolidation RSI Momentum (Daily) Above Read More…
