While EUR/USD is ready to arrive to the upside targets of the downtrend channel, the retracement is gaining momentum. However, the overall sequence of lower highs and lower lows all this year still gives net sellers the upper hand. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial […]
Crude Oil closed another difficult week on the technically critical uptrend line of the last 6 months and this is no coincidence. Market participants are looking confused as the short-term trend indicators show “down” and the long-term ones show “up”. This cannot last forever. Disclaimer> This post is informational only. This post is not a […]
The market cast its vote and the S&P futures broke out upside, with the obvious reason being a re-test of the all-time highs. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only […]
EUR/USD trapped many with a break below the head & shoulders formation but swiftly returned back up, putting the pair in a much better position. The big trend is negative, however , and longs need to remain extremely careful. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial […]
Crude Oil did not manage to challenge the previous highs even given a geopolitically severe situation. The $10/bbl correction from the April highs cannot go unnoticed and the bulls need to prove whether they have the power to keep CL above this year’s uptrend line. Disclaimer> This post is informational only. This post is not […]
Closing the week at 2-week highs is SnP-positive but the ongoing pullback looks more like a bearish flag than like the start of a new move to the all-time highs. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully […]
Petros Steriotis, CFTe, MSTA 