Crude oil and futures trading
Market Overview Technical Analysis

A Fresh Look At Crude Oil’s Volatile Price Action

Crude Oil (CL) futures fakeout from last week as price rallies back into the Parabolic channel. The Bears have a 1-2-3 reversal and resistance zone to work with. Bulls have an Inverse Head and Shoulders and the Parabolic channel in their favor. Dead Cat Bounce After we saw CL drop below $76.25 last Monday, the Read More…

s&p 500 technical analysis
Market Overview Technical Analysis

E-mini S&P 500 (ES): Bullish Target at $4,105 Hit

The Bull target for ES at 4,105 has been hit. Market in anticipation of the Feds meeting on December 12. A bull flag pattern has been spotted on the hourly chart. Bull Target Hit From Last Week’s Analysis Last week we mentioned the possibility of ES rallying up to the top of the downward trend Read More…

gold futures
Market Overview Technical Analysis

Technical Analysis: Gold Rallies to Hit Price Target at 1,780

The first target of $1,780 is very close to being hit as Gold rallies. Potential catalysts that could send the price lower. Quick Recap On Last Week’s Gold Analysis The bounce off the 100 EMA, Point of control, and 0.236 Fibonacci retracement level has already resulted in Gold gaining about 25 points since we did Read More…

Equities covid
Fundamental Analysis

Equities Rebound as Investors Expect Covid-19 Restrictions to ease in China

Beijing’s ban on equity refinancing for listed property enterprises was lifted. There are rumors recent Chinese protests will lead to an early easing of restrictions. Analysts believe that the Fed will remain hawkish and disappoint investors. Tuesday saw a surge in Asian equities as Beijing’s latest initiative to encourage developers boosted the real estate market, Read More…

Market Overview Technical Analysis

Technical Outlook: Channel Analysis for Russell 2000 (RTY) Futures

Trend channel identified on the 4-hourly chart. Analysis of the order block on the 15-minute chart. Trend Channel Analysis Looking at the 4-hourly chart, there is a strong bullish channel that we can take note of. Currently, the price of RTY is trading around the low of the channel, and it may be ideal to Read More…

Equities covid
Fundamental Analysis

Equities Fall as Risk Sentiment Suffers Due to Protests in China

Investors worry over ongoing protests in China. PBOC will release about $70 billion to boost the Chinese economy. There is growing resentment of the Zero-COVID policy in China. The Equities market fell on Monday as concerns over the control of the virus in the second-largest economy in the world increased following unusual protests against the Read More…