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…
CL rallies 12% this week. Bears vs. Bulls – Who will dominate? A potential way to trade the current price action using the pullback ema strategy. CL Trading Above $86, What It Means? We have seen a swift reversal, with CL gaining over 12% this week. The game is not over for bears, though a Read More…
Initial jobless claims in the US exceed expectations pointing to a cooling labor market. Economists expect the US labor market to deteriorate amid higher interest rates. The Fed will only pause when the labor market cools significantly. Gold (GC) Futures prices continue to rise steadily following the disappointment in recent labor market data. The number Read More…
OPEC+ agreed to cut supplies by nearly 2 million bpd. The Joe Biden administration criticized the OPEC+ agreement as “shortsighted.” US crude oil inventories fell for the fourth week showing a rise in demand. Crude oil (CL) futures prices increased on Thursday for the fourth time this week. OPEC+ decided to significantly reduce the global Read More…
YM Bounces Out Of Major Support Fibonacci Moving Average Analysis Spinning Top Candlestick From Yesterday’s Session A possible Dead Cat Bounce? YM Bounces Out Of Major Support The E-mini Dow (YM) traded inside the support band between $28,688 and $29,692. This area is within the accumulation zone and topped back in 2020. The rumors that Read More…
Gold rallies 7% in a week on the back of weak US data Prices Rally back inside a multi-year support zone Pivot Points give potential turning points on shorter time frames Gold Rallies On Back Of Weak US Data and Dollar Gold prices rallied over 7% within a week as the US reported weaker data Read More…
