Looking at the recent price action in CL. There are trade opportunities for a range-bound trade and a breakout trade. Spinning top spotted on the 3-month chart and what it means for the rest of the year. Overview Crude has been a range trader’s dream as black gold remains within a tight 5 Dollar range Read More…
The dollar index is expected to post its first weekly decline since January. The number of Americans making new unemployment claims dropped once more last week. Investors were betting on increased physical demand from China, the largest bullion consumer. Gold is set to post its most significant weekly increase since mid-January as the US dollar Read More…
Gold retraces from its downtrend, offering bears a short opportunity. Trader mindset announcement. Last time we looked at Gold On February 24th, I mentioned how we should be sitting on our hands until we saw a potential short squeeze in GC futures. Sometimes we just have to accept the fact that there are no opportunities Read More…
US crude stockpiles went up by 1.2 million barrels last week. US oil exports surged to a record high of 5.6 million barrels a day last week. China’s factory activity rose in February at its strongest rate in over a decade. The price of crude oil rose slightly Wednesday as evidence of sufficient supply, such Read More…
Analyzing the Yen’s continued slide against the dollar. Fib levels, VWAP, and RSI all point to a continuation in bearish price action. Inspirational story about a Yen trader. The slide The Yen has been sliding along with most other currencies against the dollar. 6J futures are down 7.5% since the start of the year. The Read More…
US stocks fell in February due to economic data and statements made by Fed officials. The Conference Board’s consumer confidence index went down to 102.9 this month. European equities ended higher for the second consecutive month. As investors continue to speculate about whether interest rates will stay high for an extended period, US equities concluded Read More…
