Crude oil futures remain under pressure as WTI stays below $60.00 mark, slightly up from Wednesday’s close. However, the broader sentiment remains bearish as traders react to the reports that the US is endeavoring to broker a new peace deal with Russia. This could reshape the global oil supply. Even though the proposal appears beneficial Read More…
Gold futures edged higher on Wednesday as traders weighed shifting expectations for the Fed’s rate, softening labor market data, and an unsettled geopolitical backdrop. The December COMEX gold futures held modest gains above $4,100 area during the European session. Fed’s December rate cut expectations have trimmed to 49%, as reflected by the CME FedWatch Tool. Read More…
Introduction Crude oil futures (CL) have continued to consolidate since our previous analysis. Despite last week’s rebound from $56–$57 support, buyers have not been able to force a breakout above the 50-day moving average. Bears will be aiming for the lower support zone at $56, while bulls will be trying to push the price above Read More…
US equity futures remained steady on Monday night after a dip in tech stocks led to a decline in the markets. Investors are keenly watching Nvidia’s earnings report and the delayed economic data due this week. Dow Jones Industrial Average futures gained 0.1%, while S&P 500 and Nasdaq 100 added nearly 0.2%, offering stability after Read More…
Introduction The Nasdaq 100 Futures (NQ) have rebounded on Monday, showing the first sign of stabilization after the sell-off began in late October. Price action now sits right on top of the same support zone highlighted in the November 4th analysis, where the previous all-time high, 50-day moving average, and pivot structure converge. While momentum has Read More…
Currency futures slipped on Monday as the US dollar extended gains for the second consecutive session, as the December Fed rate cut expectations faded. The CME FedWatch tool now shows a 43% probability for the next rate cut, down sharply from 67% a week ago. Euro futures (6E) extended a correction from 2-week highs as Read More…
