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Crude Oil – Verification Of Breakout?

Crude Oil – Verification Of Breakout?

We could summarize the recent price action in crude oil in one word: tests. What’s next?  Technical Picture of Crude OilCrude oil closed last week above the previously broken Dec. 2023 peak and the barrier of $80. Did it change much in the medium- and short-term picture of the commodity? In today’s article, I share […]
Sensex Today Ends 105 Points Higher; IT Stocks Drag

Sensex Today Ends 105 Points Higher; IT Stocks Drag

After opening the day marginally lower, Indian share markets reversed the trend as the session progressed and ended the day higher.Equity benchmark indices turned rangebound after a tepid start on Monday.At the closing bell, the BSE Sensex stood higher by 105 points (up 0.1%).Meanwhile, the NSE Nifty closed higher by 28 points (up 0.1%).Tata Steel, JSW Steel, and Tata […]
Crude Oil Looking To Extend Positive Run In Busy Week For Financial Markets

Crude Oil Looking To Extend Positive Run In Busy Week For Financial Markets

 Image Source: Unsplash   Factors supporting oil price include optimism over China, bullish forecast from IEA and general strength in commodities Crude oil rose about 4% last week with WTI taking out the $80 and Brent the $85 barrier, reaching levels last seen in November Financial markets face a key test this week with several central […]
Ethereum And Aevo: $16.6m ICO Fuels DeFi Innovation

Ethereum And Aevo: $16.6m ICO Fuels DeFi Innovation

In the vibrant realm of cryptocurrency, where innovation meets opportunity, Aevo emerges as a breath of fresh air. This decentralized exchange (DEX) is not your run-of-the-mill trading platform; it’s a tailored haven for derivatives aficionados. Focusing on options and perpetual, Aevo stands out with its unique blend of technology and user-centric features. With the ICO sale catching the eyes […]
EUR/CHF Price Analysis: Reaches New High For 2024

EUR/CHF Price Analysis: Reaches New High For 2024

EUR/CHF makes new year-to-date highs in 0.9630s.  Short and intermediate trends are bullish – long-term still bearish.  MACD is diverging bearishly, however, and triangles are bad omens. EUR/CHF is trading higher at the start of the new week, exchanging hands in the 0.9630s, after achieving new year-to-date (YTD) highs. The pair is in an uptrend […]
Chart Of The Day: Stellantis – Back In The Driver’s Seat

Chart Of The Day: Stellantis – Back In The Driver’s Seat

Image Source: Pixabay  The Chart of the Day belongs to the international auto manufacturer Stellantis (STLA). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for […]
Elliott Wave Technical Analysis: Texas Instruments Inc. – Monday, March 18

Elliott Wave Technical Analysis: Texas Instruments Inc. – Monday, March 18

Image Source: Unsplash  TXN Elliott Wave Analysis Trading Lounge Daily Chart, 18 March 2024Texas Instruments Inc.,  (TXN) Daily ChartTXN Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 3.  DIRECTION: Upside into wave 3.  DETAILS: We are witnessing a three wave move from the 200$ ATH which seems to be corrective in nature as well as […]
Three Key Points To Trade In This Week’s FOMC Meeting

Three Key Points To Trade In This Week’s FOMC Meeting

As the Fed prepares for its upcoming policy-setting meeting, all eyes are on the central bank’s stance regarding interest rates amidst recent signs of rising inflation. With expectations of maintaining rates unchanged, investors eagerly await updates to the Fed’s forward projections, particularly the dot plot, which outlines individual committee members’ rate forecasts.  How tight is […]
Cannabis LPs Jumped 10% On Freaky Friday; Trading Volume Jumped 20%

Cannabis LPs Jumped 10% On Freaky Friday; Trading Volume Jumped 20%

Image Source: Unsplash IntroductionAs I discussed in my previous article last Friday was “Triple Witching Day” – or “Freaky Friday” (see here) – on Wall Street with stock options*, market index options and market index futures all expiring on the same day. This usually generates higher trading volumes since contracts allowed to expire cause traders to close, roll […]
Google And Apple Surge On Ai News; Nvidia Eyes Growth With New Chip Unveilings

Google And Apple Surge On Ai News; Nvidia Eyes Growth With New Chip Unveilings

Google and Apple stocks rise on a potential AI deal, while Nvidia gains ahead of anticipated chip reveals at its developer conference.oogle (GOOG), Apple (AAPL), and Nvidia (NVDA) saw notable stock price movements following news related to artificial intelligence (AI) developments today. The market reacted very positively to reports of a potential AI partnership between Google and […]