E-mini S&P 500 (ES) futures
Technical Analysis

Bulls in full control as S&P 500 (ES) Surges

Weekly Chart Analysis: The price of ES has made a significant move by closing above the all-time high (ATH), which suggests a strong bullish bias. We see a clear break above the previous resistance level, which bulls want to see serve as support in any potential retest. If you’re looking for a bullish confirmation of Read More…

Trading Tips

Relative Strength Index (RSI) Indicator Explained

Introduction As a trader, having the right indicators in your toolbox can mean the difference between successful trades and costly mistakes. One of the most powerful and versatile tools available is the relative strength index (RSI indicator). Virtually every trader knows about the RSI, but are you using it to its full potential? In this Read More…

Technical Analysis

Gold futures (GC) MACD bearish, but POC bullish

Weekly Chart The weekly chart shows how significant the false break has been in GC with bulls still unable to push through. The recent ‘Failed Attempt’ to break above this level is beginning to show signs of exhaustion from the bulls. Immediate support is seen at the rising trendline, currently near the 1974.4 mark. A Read More…

Technical Analysis

Euro FX futures (6E) technical analysis trades both directions

Weekly Chart Analysis: The weekly chart exhibits a consolidation pattern with a clear ‘Point of Control’ at approximately 1.09220. This level represents the price with the highest volume traded over the analyzed period and acts as a significant area of balance between supply and demand. The presence of a ‘Low Volume Node’ below this range Read More…

Technical Analysis

Frightening evening star pattern on RTY futures

Weekly Chart Starting with the weekly chart, the E-Mini Russell 2000 Index Futures are oscillating within a defined trading range between approximately $1964.5 and $2000, with the ATH at $2463.7. The index is currently testing the upper boundary of this range. A convincing breakout above the range could signal a strong bullish sentiment, potentially targeting Read More…

Fundamental Analysis

Gold Hits One-Month Low on Surging Inflation

On Thursday, gold dropped to a one-month low as the dollar rose due to hotter-than-expected inflation data. Moreover, hawkish remarks from Fed officials raised concerns that higher interest rates might continue beyond March. The dollar index rose after US consumer prices rose more than anticipated in December because it potentially delays an anticipated US rate Read More…