Introduction The S&P 500 E-mini Futures (ES) have bounced off the 50-day moving average since our previous analysis, with power forming a dragonfly doji. This candlestick pattern has a long lower shadow with the open, high, and close all near the top. This candle normally represents a bullish reversal, and if we pair it with Read More…
Introduction Gold futures have started to find a floor since our previous analysis, and bulls are trying to push prices higher once more. The RSI has stabilized around the 50 level, and the candlesticks are also smaller, indicating less volatility and a possible shift in trend. Gold is up 50% for the year, and the Read More…
US interest futures remain choppy as deteriorated risk sentiment meets mixed policy signals and upcoming data risks. The divergence between front end of the curve and longer dated contracts is quite evident now. The short-term contracts like 30-day Fed funds futures that price in policy expectations are fluctuating as traders trim the hopes of aggressive Read More…
On Thursday, oil futures traded range-bound, following a week of uncertainty marked by rising inventory levels, softer demand, and lingering geopolitical tensions. Brent crude traded near $63.70, witnessing a 0.3% rise, while WTI traded around $59.80 after a 1.5% decline in its previous session. The latest data from the US Energy Information Administration (EIA) revealed Read More…
Introduction The Euro FX Futures (6E) has dipped slightly since the high on 17 September and our previous analysis, but zooming out, the price action is still in a relative consolidation phase. Prices are now trading below the 50-day moving average consistently for the first time since March of this year. With regards to fundamentals, Read More…
Introduction The S&P 500 E-mini Futures (ES) has moved into the support zone at $6,800, marking roughly a 3% decline since the recent ATH made on the 29th of October. There are some signs of fatigue in the price action, but nothing of major concern yet for the bulls. Let’s take a closer look at Read More…
