Interest futures rebounded on Friday after reaching fresh lows in the previous session on US fiscal health concerns. The rebound came as bargain hunters bought the recent dip. However, the outlook for the bond market remains dim. 30-year Treasury yield (Source: Bloomberg) Treasury yields soared before pulling back on Thursday after reports that Trump’s tax Read More…
Oil prices dropped over 1% on Thursday after reports revealed a likelihood of another OPEC+ supply boost in July. At the same time, prices were weak after a surprise increase in crude inventories in the previous session. Brent futures (Source: ICE Futures Europe) The Organization of Petroleum Exporting Countries and its allies has been on Read More…
Chart Context Bitcoin has exploded through its previous all-time high. The price is now above the psychological and technical resistance at $110,150. The breakout confirms the continuation of the uptrend after a 32% pullback, which lasted four months. Technical Analysis ATH Breakout Confirmed RSI at 74.76 – Overbought, but Not Diverging Support Zones Next Price Read More…
Gold prices extended this week’s gains on Wednesday after Trump failed to convince some Republicans to vote for his tax bill. At the same time, concerns about the recent downgrade of the US government’s credit rating kept safe-haven demand for the yellow metal high. Gold (Source: Bloomberg) Gold has had a bullish week so far, Read More…
Introduction This week, we are featuring a new funded trader from Odessa, Texas, who, with persistence and clarity, withdrew an impressive $6,600 from his funded account in just 10 days! Michael M is a machine operator who has now made his fourth withdrawal from the OneUp Trader funded trader program, bringing his total to $11,320! Read More…
Technical Analysis Price Action and Structure Volume Profile The high volume node near $61–63 shows this region is a fair value zone—prices above may accelerate upward if there’s a strong breakout. Notice the very thin volume just above $64, if price moves above this level we could see it accelerate very quickly. Bullish Case Catalysts: Read More…
