Introduction As with most equities this year, YM has seen a resilient surge of 23% since last year’s lows made in October. The ascending triangle pattern on the daily chart has been the primary focal point for our technical analysis as we try to find favorable risk-reward ratios and high-probability trades. Let’s take a fresh Read More…
On Thursday, gold prices appeared poised to record their worst week in six as investors prepared for a closely watched US jobs report. US yields (Source: Bloomberg) This came after strong economic data during the week drove Treasury yields to their highest level in nine months. The increase in US long-term Treasury yields, which reached Read More…
Introduction: ES has surged an impressive 32% since its lows in October last year, showcasing robust bullish momentum. The upward-sloping 50-day moving average, standing significantly above the 100-day moving average (at $4440 and $4265), further bolsters the optimistic outlook. Although the Relative Strength Index (RSI) has slightly cooled down to 55 from 70 a week Read More…
Introduction We know that when uncertainty exists in the marketplace, and people want to protect their money, bond yields will go down. In this technical article, we will focus on ZB and how we can profit from potential market moves by looking for high probability and high risk-reward ratio trades. Technical analysis The weekly chart Read More…
On Tuesday, US equities closed weaker, marking the start of the seasonally slow August. Investors were cautious ahead of US employment data and major companies’ earnings reports later this week. Shares of mega-cap growth companies like Tesla and Amazon.com, whose valuations suffer when borrowing costs rise, declined as the benchmark 10-year US Treasury note yield Read More…
Recap The resistance zone we analyzed last week has finally been hit as the bulls pushed the price up 22% since its recent local low made in June. Crude has largely been stuck in a range between $67.26 and $80.74 for the entire year as we eagerly await the potential break out. The question is Read More…
