Weekly Chart Daily Chart Technical Key Points Indicator/Zone Status Situation Rising Channel Bearish Break Bulls still have a chance to reclaim it Weekly RSI Oversold and rebounding Classic setup for a relief rally Daily SMAs Bearish cross (death cross) Headwind on rallies Volume Profile Heavy support under 17,500 High-probability defense zone Bullish Scenario Upside Targets: Read More…
Oil extended gains after the US imposed sanctions on Iranian oil imports. Moreover, prices are poised for a weekly gain amid concerns about supply. However, concerns about demand stemming from Trump’s tariff decisions are curbing gains. Oil futures (Source: ICE, Nymex) Trump imposed sanctions on Iran on Wednesday, targeting, in part, Chinese oil imports from Read More…
Current Technical Picture What Has Changed Since the Last Analysis? In our previous breakdown (April 4th analysis), we highlighted: Since then: Key Levels to Watch Bullish Case Bearish Case Sentiment: Dead Cat Bounce or New Uptrend? The market has staged a technical recovery, but from a broader macro and technical perspective, this still looks like Read More…
Introduction At age 34, Marco, a professional portfolio manager from Vienna, Austria, tried to prove his skills in the world of futures. Backed by a master’s degree in economics and five years of trading experience, Marco has made a total of $16,472 in withdrawals from two of his OneUp Trader accounts! Marco didn’t start from Read More…
Gold prices hit a record high of over $3,300 on Wednesday amid growing trade tensions between China and the US. Investors continued buying the safe-haven metal to protect against the risk of a US recession. Meanwhile, recent US inflation data piled pressure on the Fed to lower borrowing costs, further supporting gold prices. Spot gold Read More…
Asset: U.S. Dollar Index (DXY)Timeframe: Daily📆 Date: April 16, 2025💰 Current Price: 99.53 Macro + Technical Overview The U.S. Dollar is under significant pressure, now trading below the critical 100 psychological level and hovering around a key support zone (~99.00–99.50) that dates back to mid-2023. Adding weight to the bearish tone is a textbook “death Read More…
