Recap The resistance zone we analyzed last week has finally been hit as the bulls pushed the price up 22% since its recent local low made in June. Crude has largely been stuck in a range between $67.26 and $80.74 for the entire year as we eagerly await the potential break out. The question is Read More…
Equities rose slightly on Monday as traders focused on upcoming corporate earnings and a crucial employment report this week. Notably, Apple Inc and Amazon.com will report on Thursday, along with other well-known companies like Caterpillar Inc, Starbucks Corp, and Advanced Micro Devices. Florian Ielpo from Lombard Odier Investment Managers remarked, “Markets are becoming more sensitive Read More…
Introduction: RTY has surged 22% since its lows in October last year, showcasing the strong bullish momentum. The upward-sloping 50-day moving average and an RSI of 62 reinforce equities’ optimistic outlook. Currently trading on the point of control line for the volume profile indicator, RTY faces a resistance zone just above the 2000 level, coinciding Read More…
Introduction: Based on the daily chart, this technical analysis of T-Bond Futures (ZB) will examine the recent price movement, key technical indicators, and potential trading opportunities. Throughout the year, ZB has experienced relatively flat price action, lacking a clear trend. The 50-day moving average sloping downward and the price trading below it suggests the presence Read More…
US equities ended Tuesday higher as The Nasdaq, a technology-heavy index, drove gains. Investors were excited about artificial intelligence, anticipating earnings reports from tech giants Alphabet and Microsoft. Both Alphabet and Microsoft have introduced various AI products since the release of ChatGPT by OpenAI, which is backed by Microsoft. These new products offset the slowdown Read More…
Recap In the previous analysis, we did on July 14th, the Euro was rallying up toward a resistance level of $1.12. I want to take a look at price action now as it looks like there is a potential buying opportunity in the Euro. Applying the basics of Elliott wave theory to the price action Read More…
