The recent price action and how it signals further bearish momentum Analysis of the downward trend line, the anchored VWAP, and the Fibonacci retracements Potential targets bears could be looking to re-enter short positions Understanding Recent Price Action The long-term downtrend line continues to act as resistance as the CPI report shot the price through Read More…
The US dollar fell on Monday as market sentiment improved. Yen futures rose on news that Japan will explore changing its monetary policy. The outlook for Europe’s largest economy brightened in December. Currency futures prices rose on Monday as the US dollar fell and market sentiment improved, lifting stocks and riskier currencies. Yen futures rose Read More…
A look at the 2021 high that is a significant support and resistance level The RSI remains bearish with no signs of a reversal Potential bearish targets from 1-2-3 reversal and trend channel analysis Long Term Outlook We have been tracking the CL price for some time now as we watch the daily trend continue Read More…
There is a minor support zone at $1,786 we are still monitoring closely Rising wedge, triple bottom, and bearish divergence are giving clearly defined targets Recap From December 7th The minor support zone at $1,786 is back in play once we mentioned GC may bounce out of it from our analysis on December 7th. Gold Read More…
The prospect of additional global interest rate increases could heighten oil demand worries. China lost more steam as retail sales decreased and industry output stagnated. The International Energy Agency forecast that Chinese oil demand will increase next year. Thursday saw a decline in oil prices as the dollar strengthened. The prospect of additional interest rate Read More…
Markets dip as the fed meeting cools bullish sentiment NQ has been stuck in a range and how traders can capitalize on it Bullish and Bearish targets if a breakout occurs Fed Signals Further Rate Increases It’s very obvious from yesterday’s Fed meeting that the FOMC will not stop until they have reached their target Read More…
