Oil prices recovered slightly on Thursday after collapsing in the previous sessions. Prices suffered on Tuesday and Wednesday as investors grappled with fears of a recession in the US. At the same time, a likely end to the dispute in Libya lowered the chances of a tighter market. On Tuesday, oil collapsed by 5% after Read More…
Introduction Meet Obafemi, a futures trader from San Jose, California, who successfully completed his OneUp Trader evaluation using a momentum trading strategy. Let’s learn more about this trader’s style, routine and why he chose the OneUp Trader funded trader program. Trading Approach Obafemi’s trading approach can be defined as momentum-driven. He identifies the market’s direction Read More…
Introduction The E-Mini Russell 2000 Index Futures, often seen as a bellwether for small-cap stocks in the U.S. market, is currently positioned at a point where it could swing bullish or bullish with volatility. As all markets around the world continue to surge at a time when political and economic unease is high, technical analysis Read More…
Equities plummeted on Tuesday after downbeat manufacturing data sent investors scrambling for safety. At the same time, experts believe the decline came as investors dumped equities at the start of a historically poor month. Data on Tuesday showed a bigger contraction in the US manufacturing sector than expected. The ISM manufacturing PMI showed a contraction Read More…
Introduction Crude Oil futures have declined into a year-long support zone, which we will analyze below. There are a few fundamentals that have led to this drop, including OPEC news and weak economic data from China. For now, we will focus on the technical analysis to see if we can find any clues on the Read More…
Technical Analysis Moving Averages: Recent Price Action: The price has recently faced resistance near the 50-day moving average as bulls tried to push prices higher and has pulled back slightly. This rejection from the 50-day moving average shows selling pressure at these levels. Market Sentiment: The overall trend before the recent pullback in July was Read More…
