Introduction Crude Oil has fallen from a high of $130 back in the middle of 2022 to a price of $72. Was that the highest price we will ever see in Crude Oil? The market sentiment is bearish at the moment for black gold but what do the charts say? Weekly Chart The weekly chart Read More…
Oil prices experienced a 1% increase on Wednesday, rebounding from a five-month low recorded in the previous session. The uptick was propelled by a greater-than-anticipated weekly reduction in US crude storage and apprehensions regarding the security of oil supplies in the Middle East after an attack on a tanker in the Red Sea. Moreover, oil Read More…
Introduction Along with all other US indices, YM is ripping, and there are no signs of it slowing down any time soon. The Dow Jones blasted through an all-time high on Monday and has already painted three green bars straight and over 2% above the previous high. Let’s look at the technicals and see if Read More…
On Tuesday, US equities reached new yearly highs as the latest inflation figures had minimal impact on expectations regarding the Federal Reserve’s rate cut timing. US consumer inflation (Source: Bureau of Labor Statistics) The November Consumer Price Index (CPI) matched economist estimates with a 3.1% annual increase. At the same time, core prices, excluding volatile Read More…
On Monday, US equities gained modestly and closed at new yearly highs. This occurred ahead of key market events this week, including inflation readings and the Federal Reserve’s policy announcement. These events will strongly affect investors’ expectations of interest rates. Many market watchers now believe the central bank has completed its interest rate hike cycle Read More…
Introduction The dollar is flat for the year after, at one point being down 4%, then swinging to the upside and gaining nearly 8% from the lows in July. The Fed’s stance indicates that we should see Dollar weakness, but what do the charts tell us? 1-Year Daily Chart Here is an improved version: The Read More…
