Introduction It is the start of the week, and time to look at crude oil again. There are some signs of de-escalation taking place in the Middle East & ceasefire discussions, which are causing some profit-taking to take place. That is why we have seen CL move from $98 on Monday last week to $88 Read More…
Introduction NQ has staged a very aggressive V-shaped reversal, rallying from the ~23,000 lows back toward 26,500+, approaching the all-time high (~26,863). This is a big difference from a few weeks ago when NQ was sitting at a one-year low. Just recently, the market was breaking down, showing weakness and uncertainty. Now, it’s back within Read More…
Introduction Crude Oil has rallied from $55 at the start of the year to a high of $118 in March, as we know by now, due to the terrible escalations in the Middle East. After the top was made, price moved around with a lot of volatility in price discovery. Last week, price attempted to Read More…
Introduction ES has now completed an extreme V-shaped reversal, rallying aggressively from the ~6,300 lows back above 7,000 in a very short period of time. This has happened with help from the weakness recently seen in the Dollar. Earlier in the year, when the conflict began in the Middle East, the Dollar was seeing a Read More…
Introduction The dollar has transitioned out of its prior uptrend and is now trading inside a well-defined range, roughly between 96.20 and 102.00. The strength we saw earlier in the year was driven by the conflicts in the Middle East. Now that Donald Trump continues to show how unreliable he is, the market is losing Read More…
Equities edged lower on Monday as market participants worried about failing US-Iran talks. However, there was less panic in the markets after Trump urged the blockage of the Strait of Hormuz. At the same time, analysts are forecasting a solid US earnings season that will likely boost equities. Developments in the US-Iran war continued shaping Read More…
