Introduction Silver futures have moved exactly where the risks were pointing in our June 4 analysis. At the time, we noted that buyers needed to defend the 250,000 ($25/oz) support area to maintain the longer-term bullish structure. Instead, silver continued drifting lower throughout June and has now broken beneath both the 250,000 level and the Read More…
Introduction Gold futures continue to follow the bearish roadmap we have outlined throughout June. In our June 10 and June 17 analyses, we looked at how the breakdown below the 4,400–4,450 support zone shifted control firmly toward sellers and exposed the March swing low near 4,165. While buyers initially managed to hold this support, the Read More…
Equities eased slightly on Monday, dragged down by the tech sector, as yields remained elevated after last week’s FOMC meeting. The tech decline overshadowed optimism as the US and Iran made great progress in their talks in Switzerland. Market participants are also looking forward to the US PCE price index report, which will give more Read More…
Introduction It’s time for another Funded Trader Spotlight, and this week we’re featuring a trader from Russia who has achieved something incredible! Ruslan recently withdrew $23,000 from his funded account in just three trading days, bringing his total withdrawals to a very impressive $88,526. What makes this even more remarkable is the strategy he used Read More…
Introduction Since our June 16 analysis, crude oil has done exactly what we suggested was the most likely outcome. Rather than immediately breaking lower toward $70, buyers stepped in at the $74-$76 support zone and managed to stabilize price. This support area was the last major level we highlighted before the 200-day moving average near Read More…
Introduction The U.S. Dollar Index continues to grind higher after spending most of the first half of the year trapped inside a broad consolidation range. While the move is not explosive, it is one of the stronger bullish stretches we have seen from DXY in several months. U.S. equities rebounded sharply on Thursday, with the Read More…
