Oil prices held on to Wednesday’s gains after comments at the UN showed tensions between the US and Iran remained high. This was the first bullish session since Wednesday last week, when the Fed hiked interest rates. The decline over the past week came as supply concerns eased and traders cheered a brief pause in Read More…
Introduction In our September 15 analysis, we were watching for another push higher after crude’s strong rally. That continuation has not followed through, and after a week of trading, price is back in the low 90’s. We now focus on whether buyers can hold this level or if we see a further drop to the Read More…
Equities soared on Monday as growth stocks rebounded amid a decline in oil prices and Treasury yields. Oil fell after reports indicated that Trump was ready to talk with Iran at the UN meeting. At the same time, supply worries eased last week as the US military ensured continued oil transport through Oman’s coast. Last Read More…
NQ Follow-Up: Rally Confirms the Breakout Above 30,640 NQ has confirmed its breakout, and we are closing in on the all-time high. Yesterday’s session, 21 September, rallied 2.90% and has already broken above the resistance at 30,640. Now, bulls are looking for a continuation and not a stall, as ATH sits only 2% away. 30,640 Read More…
Introduction It has been about 4 months of consolidation in US equities if looking at the weekly or daily chart. Now it looks like NQ is starting to break out. The volume is high, resistance has been broken, and the price is starting to settle into a trend instead of being stuck in a range. Read More…
Currency futures pulled back on Monday as the dollar strengthened with market focus returning to US monetary policy. Meanwhile, oil prices extended last week’s declines as supply concerns eased. Saudi Arabia has made efforts to continue supplying oil despite the damage to a major pipeline that bypasses the Strait of Hormuz. Bloomberg dollar index (Source: Read More…
