1. Gold Price Over Time This chart shows the historical trend of gold prices from 2000 to 2023. Over this period, the price of gold has seen a significant rally, with a notable rise around 2010, peaking at over $1,800 per ounce in 2011. This increase was driven by economic uncertainty and financial crises. After Read More…
Introduction The Nasdaq 100 futures are currently trading around 18,876.75. Over the past month, the index experienced a gain of approximately 5.76% since late April (Barchart.com). This performance is driven by strong corporate earnings from major tech companies like Nvidia and Microsoft, which have posted better-than-expected results. Nvidia’s surge of 9% following earnings and optimistic Read More…
A quick recap on our CL analysis done earlier in the week needs to be done as CL has failed to break below the support zone. The bulls stepped back in and the chart has put in a solid bottom candle formation. If we grind down to a shorter time frame, there is a false Read More…
Interest futures ended lower on Thursday as Treasury yields soared after positive US data. The rally in yields came as market participants lowered bets on Fed rate cuts. PMI data and weekly jobless claims pointed to a still robust economy, raising fears that the Fed might further delay rate cuts. US business activity (Source: S&P Read More…
All Time High Resistance ES bulls attempted to break above the all-time high but have failed with a nasty-looking daily candle for the 23rd. This could be an opportunity to short as there is also some small bearish resistance on the RSI. Long Trade Opportunities Short Trade Opportunities News Events Coming Up To Watch Consumer Read More…
Oil prices fell 1% on Wednesday as investors worried about the risk of high interest rates for longer in the US after hawkish Fed meeting minutes. At the same time, a bigger-than-expected increase in crude inventories weighed on prices. The US released the FOMC meeting minutes, which showed that policymakers were ready to hold high Read More…
