Introduction Crude Oil Futures (CL) have encountered resistance at the 50-day moving average, with a bearish engulfing pattern forming in the December 8 session. The RSI has also come down off the 50 line as the selling pressure increases. On the fundamentals side, crude remains sensitive to weekly U.S. inventory data, with traders watching for Read More…
Introduction The S&P 500 E-mini Futures (ES) are getting close to testing all-time highs, only a few percentage points away. Bulls have cleared above the 50-day moving average, which will now act as support moving forward. The RSI is coming close to overbought, but now has an upward momentum and isn’t something for the buyers Read More…
Currency futures are recalibrating this week as traders react to the weaker US dollar and central bank rate decisions. The Dollar Index (DXY) slid below 99.00 as the Fed is widely expected to reduce rates by 25 bps. Euro FX futures (6E) remain steady, gaining momentum from stronger-than-expected German industrial production data and an overall Read More…
Introduction From Kharkiv to Consistent Profits: How Serhii B. Turned Intraday Trading into a Revenue Stream When Serhii B. first opened a chart, he wasn’t a trader. He was a self-driven 25-year-old freelancer in Kharkiv, Ukraine, motivated, curious, and searching for a skill that could offer financial independence in a difficult economic environment. A friend Read More…
Introduction The U.S. Dollar Index (DXY) has fallen back slightly after rallying 4.4% since September. The 50-day moving average has held the price for the moment, which could lead to a new push back up toward 100. The 50 and 200-day moving averages are also converging, and if the 50 crosses above the 200, it Read More…
US interest futures remained firm this week, driven by shifting Fed policy, as incoming labor and economic data provided a mixed picture, showing a cooling jobs market but a still resilient economy. The combination keeps traders focused on the final Fed meeting of the year, where markets are now pricing in a 90% probability of Read More…
