Markets anticipate a drop in oil demand owing to China’s rise in COVID-19 cases. Oil demand in the US fell last week after data showed an increase in inventories by about 7.1 million barrels. The US dollar is edging higher after higher-than-expected PPI data. On Thursday, crude oil (CL) futures prices struggled to regain footing Read More…
A relentless downtrend continues for 6E Price band to look for short trades Potential bearish targets set at $0.9668 The Downtrend We have covered the Euro a few times this month, and the narrative remains the same as the relentless weakening of the Euro continues. We categorically stated in our previous analysis that the 25 Read More…
Investors are selling off UK government bonds ahead of BoE’s deadline. The war in Ukraine is escalating, causing a lot of worry in the markets. There are uncertainties over China’s economy as COVID-19 cases rise. E-mini Nasdaq-100 (NQ) futures edged lower as investors grappled with worries over the escalating Ukraine war and new COVID-19 cases Read More…
Investors brace up for high US inflation. A lot of uncertainties linger after Putin’s latest attack on Ukraine. Investors scramble for safety amid recession worries. The prices of major equity indexes, including the E-mini S&P 500 (ES) futures, fell on Tuesday as investors scrambled for safety in the US dollar amid global tensions. Futures lost Read More…
The Monthly chart is extremely bearish. We could see the price touching $10,000 as a possible target. Gaussian channel retracements provide short entries on the 4H chart Monthly Candles The monthly chart is bearish as prices trade below the year’s low of $11,068. The candle for this month also seems to be in a free-fall Read More…
A Bart Simpson Pattern on 4 Hour chart Anticipating Long opportunities around key levels Bart Simpson Pattern A Bart pattern has been completed on the 4 hourly charts. It’s usually a good pattern to trade in a downtrend as a continuation pattern. However, since the price has retraced into the multi-year support zone, we expect Read More…
