Recap A few weeks ago, we looked at a short trade in CL. It is time for an update regarding that trade and further technical analysis that may help us find alternative opportunities. To see the previous article on CL, where we look at the short trade on the daily chart, you can do so Read More…
Currency futures ended mixed on Friday while the dollar closed a fifth week of gains, marking its longest winning streak in 15 months. The gains were driven by a growing demand for safer assets due to concerns about China’s economy and expectations of sustained high US interest rates. China’s economic difficulties intensified as the property Read More…
Technical Analysis Bullish trend channel: The bullish trend channel on the daily chart has now been officially broken. There are a lot of stop losses getting triggered at this point for the traders who went long. Traders who have banked a solid profit from the near 50% rally in NQ for the past 10 months Read More…
On Wednesday, oil prices dropped despite a significant decrease in US crude stocks. Investors were torn between concerns about China’s struggling economy and the anticipation of tighter supply in the United States. In the previous session, oil benchmarks fell more than 1%, reaching their lowest point since August 8th. WTI and Brent futures (Source: Nymex, ICE) Read More…
US equities ended the day lower on Tuesday, experiencing a significant decrease in value. This drop came after retail sales data exceeded expectations, causing concerns about the possibility of higher interest rates lingering. At the same time, major US banks faced declines due to a report indicating potential downgrades by Fitch for certain lenders. US Read More…
Recap We pick up from where we left off as RTY has continued to plunge after we suspected a potential triple top last week. The sell-off has accelerated and a likely cause of that is the volume profile point of control line. This aggressive selling could also be the result of the formation of a Read More…
