Introduction It’s time again to look at the overall picture of CL futures and where we see it heading. The price is still hovering inside the support zone at $68, a level that has been tested and held since the start of 2023. Now, it looks like bulls could be targeting a move back up Read More…
Equities had a mixed day on Monday. Major tech stocks dragged the Nasdaq lower, while the S&P 500 and the Nasdaq gained ahead of an anticipated rate cut at the FOMC meeting on Wednesday. Tech stocks performance (Source: Bloomberg) Apple shares dropped by 2.7% after an analyst noted that demand for the iPhone 16 models Read More…
Introduction The S&P 500 has broken above all-time highs today on expectations that the first rate cut in four years is coming on the 18th of September. Traders are anticipating the first rate cut since March 2020, which comes after a prolonged period of high interest rates aimed at ‘combating inflation’. The expectations are that Read More…
Ascending Channel and Key Support: Resistance Zone and Potential Breakout: Volume Analysis: Probabilities: Bullish Breakout Scenario: False Breakout and Reversal: Trade Opportunities
Introduction:The Russell 2000 Index (RTY), which tracks small-cap U.S. stocks, has been underperforming relative to the broader equity indices like the Nasdaq 100 (NQ) and S&P 500 (ES), despite a modest year-to-date (YTD) gain of 5%. In comparison, the Nasdaq is up 14.3%, and the S&P 500 is up 16.8% YTD. This underperformance in small-cap Read More…
Overview of the U.S. Dollar Index (DXY):The U.S. Dollar Index (DXY) is currently trading around 101.724, showing a recent bounce from a key support level. The DXY has been in a broad descending wedge pattern, which is generally considered a bullish continuation pattern. The bounce from 100.8 to 101.724 is significant, as it coincides with Read More…
