Nasdaq 100 futures (NQ)
Technical Analysis

NASDAQ Futures (NQ) Bearish Divergence?

Introduction The Nasdaq 100 futures are currently trading around 18,876.75. Over the past month, the index experienced a gain of approximately 5.76% since late April​ (Barchart.com)​. This performance is driven by strong corporate earnings from major tech companies like Nvidia and Microsoft, which have posted better-than-expected results. Nvidia’s surge of 9% following earnings and optimistic Read More…

Interest Futures
Fundamental Analysis

Strong US Economic Data Lifts Treasury Yields, Lowers Interest Futures

Interest futures ended lower on Thursday as Treasury yields soared after positive US data. The rally in yields came as market participants lowered bets on Fed rate cuts. PMI data and weekly jobless claims pointed to a still robust economy, raising fears that the Fed might further delay rate cuts.  US business activity (Source: S&P Read More…

Technical Analysis

S&P 500 Futures (ES) Struggle Near All-Time Highs

All Time High Resistance ES bulls attempted to break above the all-time high but have failed with a nasty-looking daily candle for the 23rd. This could be an opportunity to short as there is also some small bearish resistance on the RSI. Long Trade Opportunities Short Trade Opportunities News Events Coming Up To Watch Consumer Read More…

Crude Oil Futures
Fundamental Analysis

Hawkish Fed Minutes, Soaring Crude Stocks Send Oil Prices Down 1%

Oil prices fell 1% on Wednesday as investors worried about the risk of high interest rates for longer in the US after hawkish Fed meeting minutes.  At the same time, a bigger-than-expected increase in crude inventories weighed on prices. The US released the FOMC meeting minutes, which showed that policymakers were ready to hold high Read More…

Technical Analysis

Are Crude Oil Futures (CL) About To Plunge?

According to the U.S. Energy Information Administration (EIA), crude oil prices are expected to average around $90 per barrel for the remainder of 2024, driven by OPEC+ production cuts and ongoing geopolitical risks. However, they anticipate a decline to an average of $85 per barrel in 2025 due to increasing global oil production​ (EIA Homepage)​​ Read More…