On Tuesday, gold prices rose slightly as investors awaited a series of US economic data releases this week. The data is expected to provide insights into the Federal Reserve’s plans for interest rate cuts. Daniel Pavilonis, senior market strategist at RJO Futures, commented that the gold market is hovering just above the $2,000 mark, with Read More…
Weekly Chart Analysis: Looking at the weekly chart, we observe that Light Crude Oil Futures have recently bounced off a consolidation zone around the $74.88 level, indicating a potential bullish breakout. Last week’s candlestick closed above this zone, and this week’s candle is turning green already. A sustained hold above $74.00 could see us targeting Read More…
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…
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…
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…
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…
