Technical Analysis

Crude Oil Futures (CL) Surges on EIA Report

Introduction CL Futures saw a huge rally of 5% yesterday as the EIA showed a larger than expected drawdown in stock piles. This has given bulls new hope that CL can break above $80 and possible head toward $100 in the future. Recent News Geopolitical Tensions: Escalating geopolitical tensions in the Middle East raised concerns Read More…

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Fundamental Analysis

Equities Inch Higher as Investors Await Earnings Report, Fed

Equities rose slightly on Monday and Tuesday as investors mostly stayed on the sidelines ahead of major events. Markets await key US data, major US tech earnings reports, and the Federal Reserve policy meeting.  US earnings index (Source: Citigroup, Bloomberg) Monday was a choppy session for US stocks because investors held off on big positions. Read More…

Technical Analysis

Technical Analysis Dow Jones Futures (YM)

Market Overview As of July 30, 2024, the E-mini Dow Jones Futures are trading at 40,788. We’ve seen a consistent uptrend over the past few months, marked by higher highs and higher lows. The price action is currently hovering around a significant resistance level which is the previous ATH, testing the 40,800 zone. At the Read More…

Technical Analysis

NASDAQ Futures (NQ) Surge Incoming?

Price Action and Trend NQ, like all other equity markets, has been in a strong uptrend since October 2023. However, we’ve recently seen a sharp pullback from the all-time high of around 20,983.00, and now could be the time to look to take long positions. Support and Resistance Moving Averages The price is currently between Read More…