Monthly Chart The monthly chart gives us a good idea of where CL has been sitting since the start of 2023. The longer the price sits in the tight range the stronger the break out will be but at the moment CL is being pushed around a lot by fundamentals. The volume profile point of Read More…
Tag: stock market
Buy Opportunity in Dow Jones Futures (YM)
Introduction The Dow Jones has been in a tight ascending triangle on the weekly chart as all US indices continue to surge despite massive geopolitical tensions. At the moment, YM is bouncing off a low and could possibly look to be moving higher for the next few weeks. Lets take a look at the chart Read More…
Equities Edge Down Slightly After New Highs as Recession Fears Subside
Equities fell slightly on Monday but made new highs as fears of a US recession eased. At the same time, market volatility decreased as panic reduced and investors focused on the upcoming US inflation reports. The panic and fear that caused turmoil in the US equities market have recently subsided. US policymakers have called for Read More…
Gold is Surging. Technical Outlook
Introduction Gold has once again broken above its all-time high this year, surging past $2,500 per ounce. Think about this for a moment. We have Gold and equities surging at a time when the work is on the brink of war. Investors don’t know where to put their money anymore. Its a time we must Read More…
Japanese Yen (6J) Bears load up on shorts
Weekly Chart There is an evening star pattern on the weekly chart which hasn’t closed yet. J6 bears are hoping this weeks trading will close red because it will likely lead to a big sell off in the Yen most likely back to previous support levels which is a 9% drop from here. The weekly Read More…
How This Atlanta Trader Passed The OneUp Trader Funded Trader Program
Introduction Meet Areina, a funded trader from Atlanta, Georgia, who has made waves in the OneUp Traders funded trader program. Areina’s journey to success began when she completed the $50,000 evaluation in only 15 days. She is a trader with an aggressive style but a relaxed and calm process. Read on to hear exactly how Read More…