Oil prices surged more than 6% in Thursday’s Asian session as markets adjusted to the fact that the US and Iran are likely to stay in a long-term conflict. President Trump’s recent speech did not make it clear how the situation could be de-escalated. Benchmark Brent crude rose more than 6% to trade above $107 Read More…
Introduction As the conflict continues in the middle east, the price of crude oil keeps moving higher. This is due to supply disruption as the Strait of Hormuz remains shut. Petrol prices are rising across the globe and some analysts are predicting $200 Oil if the conflict does not find a resolution fast. For traders Read More…
Introduction ES has bounced after prices have been declining since the start of the war in the Middle East 4 weeks ago, but the overall structure has not improved yet. The move down broke important support levels and pushed price below the 200-day moving average, which shifts the short-term trend to bearish. Right now, price Read More…
Gold futures soared to two-week highs on Wednesday. Prices remain volatile due to changing expectations about the Middle East conflict and US monetary policy. Bullion lost some of its small gains from the Asian session but managed to recover back above $4,700. Investors are pricing in Trump’s comments that Washington could end its military operation Read More…
Introduction In today’s tradespotlight, we will look at Natalia, a funded trader from Portugal, who entered 5 contracts at 6471.00, right as buyers started stepping in and momentum began to shift. Price then moved up quickly and cleanly. She scalped a 73-tick move, exiting at 6489.50 for a $4,612 profit. It may look like a Read More…
Introduction Euro FX futures (6E) have been in a steady downtrend on the daily chart because of the strength in the US dollar after the escalations in the Middle East. Price is currently below an important support level, and a more worrying sign for the Euro bulls is that it is starting to act as Read More…
