Mixed signals on Monday left the index in a range. Musk’s threat to walk out of the Twitter deal spooks investors. Technically, the price of ES is consolidating between 4072 to 4200. The E-mini S&P 500 (ES) futures closed Monday slightly lower after a choppy session. The index had a choppy session because gains in Read More…
Technical indicators have always been faulted for lagging, making price action analysis invaluable to any trader. With hundreds of chart patterns to choose from, it may not be easy to decide which one is more reliable and suited to your trading style. However, it’s a general consensus that the ideal ones should generally be easy Read More…
Gold futures have paused a two-day rally ahead of the nonfarm payroll data from the US. Elon Musk’s plan to lay off workers could point to a poor job market. The boost in oil production announced by OPEC may not be enough to satisfy global supply needs. Gold futures (GC) are trading lower on Friday Read More…
Oil supply concerns were reduced this morning, pushing the index higher. Positive US data has eased recession fears among investors. Crude oil inventory data from the US could move the index later in the day. Bulls could push prices to 13000 in the charts. The Nasdaq 100 index (NQ) futures closed lower on Wednesday, as Read More…
Higher inflation means more rate hikes, which could destroy the global economy. The slowed factory activity in Asia damped Shanghai’s reopening. Risk sentiment could go lower and the dollar higher amid the panic. Prices could continue the downtrend on the charts. Analysis of the E-mini S&P 500 (ES) futures price suggests a mildly negative scenario Read More…
The ban on Russian oil imports adds to supply pressures amid high demand for fuel in Europe and the US. The economic risk to European countries grows with Russian oil sanctions. Oil is heading back to 120.00 in the charts as the bulls charge ahead. Tuesday morning saw crude oil (CL) futures prices rise after Read More…
