High US inflation rate is fueling recession worries that might hurt demand. COVID-19 is coming back to Asia, which could lead to restrictions. The soaring dollar is making oil expensive. Today’s crude oil (CL) futures price is bearish owing to the increase in demand worries in the global market. The first thing fueling demand worries Read More…
Investors have become hesitant to “buy the dip” ahead of US inflation. Investors expect US core inflation to confirm a peak in inflation. NQ price is sitting on strong technical support. Today’s price analysis for E-mini Nasdaq 100 (NQ) futures is bearish as investors worry over possible recession ahead of US inflation data. “(Investors are) Read More…
ES Futures might fall further if earnings disappoint. US inflation data might push the Fed to raise rates faster. In the charts, bears have returned. Today’s outlook for E-mini S&P 500 (ES) futures is bearish as investors worry over earnings amid the economic slowdown. The global economy has been hit in recent months, and most Read More…
China has discovered a new Omicron subvariant. Oil prices are falling in anticipation of new restrictions in China. BOC is expected to deliver a 75bps rate hike. Today’s outlook for the Canadian dollar (6C) futures is bearish as there are new demand worries after China discovered a highly transmissible Omicron subvariant. The number of infected Read More…
Recession fear and strong US dollar triggered sell-off in the crude oil futures. China announced a new round of COVID-19 tests in Shanghai, which could lead to demand dampening restrictions. There is a risk of tighter demand if the global economy tips into a recession. Today’s crude oil (CL) futures forecast is bearish as demand Read More…
Breakout trading is the cornerstone of most technical indicators. It’s usually the simplest way to gauge the magnitude of a trend. And regardless of your trading strategy, you’re bound to experience some false breakouts, which will kill your strategy. So, how do you avoid false breakouts? And more importantly, how do you take advantage of Read More…
