Introduction The E-mini Russell 2000 Futures (RTY) continues to trade within a well-established bullish channel. The channel is not very strong, but nevertheless, the price is rallying over the long term. Lets take a closer look at the technicals. Technical Analysis Bullish Channel Formation Support and Resistance Levels Indicators Analysis Relative Strength Index (RSI) Bullish Read More…
Equities climbed to a one-week high on Monday as technology stocks rose despite high Treasury yields. However, market participants remained cautious ahead of key US economic data this week that will shape the outlook for Fed rate cuts. Like many times in the past, tech stocks defied the general trend and rose on Monda. Microsoft Read More…
The S&P 500 E-mini Futures (ES) continues to trend upwards within a well-defined ascending channel. The bullish trend remains intact due to a combination of technical and positive market sentiment across equity markets globally. As equities continue their rally, dips are presenting high-probability buying opportunities for traders looking to ride the trend higher. Let’s take Read More…
Introduction Bitcoin CME futures have consolidated after the recent explosive rally. The crypto hit a new all-time high of $108,960 in December, but the market now appears to be catching its breath. Let’s see what the technicals are telling us. Technical Analysis Bearish Divergence on RSI 50-Day SMA Acting as Dynamic Support Higher Highs & Higher Lows Still Read More…
Crude oil futures are starting 2025 on a bullish note, with prices climbing +3.10% this week to trade at $72.79. As geopolitical stability improves and demand outlooks remain strong, oil prices are gearing up for a potential breakout above resistance levels, but let’s see what the technicals tell us. Technical analysis Strong Support Descending Trendline Read More…
Introduction The U.S. Dollar Index (DXY) continues its impressive rally as we conclude the year, fueled by pro-growth and pro-dollar policies under the Trump administration. The index is trading at 108.068, breaking out of a long-term consolidation pattern and aiming toward its all-time high (ATH) at 114.789. The bullish momentum has intensified, with resistance levels Read More…
