Introduction In our previous analysis, we highlighted the $100–$105 region as the key battleground for crude oil futures. We also noted that progress in US-Iran negotiations could continue, removing some of the risk premium that had fueled the rally throughout March and April, and since then, that is mostly what has happened. CL has remained Read More…
US interest futures stayed under pressure as traders repriced the Federal Reserve’s policy path after stronger-than-expected inflation data, with markets moving away from earlier easing assumptions and toward a higher-for-longer stance that now includes limited odds of further tightening. In the SOFR futures strip, selling was concentrated in the front end, with both the September Read More…
Introduction Thousands of traders join a funded trader program every month, but only a small percentage end up making something of it. The reason usually isn’t a lack of knowledge or an inability to trade well. Most traders understand charts, indicators, how to do technical analysis, and how to create a plan. What separates successful Read More…
Introduction Silver futures continue consolidating and have followed gold for the most part. After reaching highs near 420,000 earlier this year, the market pulled back as profit The current daily chart shows Silver futures trading around 263,500. While the aggressive selling pressure seen during February and March has faded, buyers have also struggled to generate Read More…
Oil extended gains on Wednesday as renewed tensions in the Middle East dashed hopes for a near-term peace deal between the US and Iran. Meanwhile, a set of upbeat US economic data strengthened the dollar, putting a cap on the oil rally. Last week, talks between the US and Iran were quite successful, almost leading Read More…
Introduction S&P 500 futures continue trading near record highs following the breakout structure we discussed in our previous analysis. Since then, ES has pushed higher from the 7,529 area and is now trading around 7,617 as buyers continue defending every minor pullback. In our last report, we saw MACD forming a bearish divergence, but there Read More…
