Introduction Nasdaq-100 futures (NQ) are stabilizing after bouncing from a multi-week low near 24,300 earlier in November. The index has now reclaimed the 25,000 level and is trading just beneath a major resistance band that has capped every rally since late October. From here, bears could try to push the price back to the level Read More…
Introduction Gold futures (GC) are gaining bullish momentum again, climbing and pushing back above $4,190 and making space between itself and the 50-day moving average. Now the all-time high of $4,398 is back in sight, and GC only needs to rally 4.6% to hit it. Let’s take a closer look at the technicals and what Read More…
Introduction The Russell 2000 Futures (RTY) have attempted a bullish shift and are targeting the 50-day moving average. A reclaim of that moving average is necessary for bulls to gain the upper hand again. Small-cap stocks remain weaker than large-cap indices, but the recent bounce in the RSI and price could signal that the retracement Read More…
Introduction The Nasdaq 100 Futures (NQ) are attempting to consolidate after a sharp drop that pushed the price back into the support zone in last week’s analysis. On November 17, NQ dipped below the support band at 24,400 and the 50-day moving average. Since then, the index has continued to weaken. Let’s take a closer Read More…
Introduction E-mini Dow Jones Futures (YM) have dipped 5.2% from the recent all-time high of $48,542. The selloff has meant the price has dipped below the 50-day moving average, which bulls will be looking to reclaim. The 200-day moving average is far below the current price; it would be a further drop of 5% for Read More…
Introduction Crude oil futures (CL) have continued to consolidate since our previous analysis. Despite last week’s rebound from $56–$57 support, buyers have not been able to force a breakout above the 50-day moving average. Bears will be aiming for the lower support zone at $56, while bulls will be trying to push the price above Read More…
