2021

The leading equity index reversed losses from the previous week to close the week ending February 5th, 2020 on a bullish note. The declines came as the VIX index pushed higher last week. This led prices to briefly test the 3674 level of…
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The precious metal managed to recover some of the losses on Friday. Price action closed with over one percent gains on the day, after falling to a three-month low previously. The retracement puts gold prices close to the 1817.80 level…
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WTI Crude oil prices continued to advance with price action closing near a 13-month high. Prices briefly traded close to the next key resistance level of 57.35. We could expect a push higher for the commodity to test this level firmly.…
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The British pound sterling continues to hold a strong bullish momentum. The strong reversal after price fell to a two-week low has now invalidated the ascending wedge pattern. This keeps price action biased to the upside. After Friday's…
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The euro currency posted gains on Friday, marking an end to four consecutive daily declines. The rebound comes after price reversed near a three-month low of 1.1951. As a result, prices pared losses to close on Friday near 1.2050. This…
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Amazon shares are trading a little lower ahead of the US session on Friday. The company’s stock has seen plenty of volatility over 2021 so far with price dropping initially, only to rally into the green on the year, before now moving into…
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The WallStreetBets saga got a lot of sensational coverage. This somewhat obscured that what the retail traders were doing - and succeeded in doing in the case of GameStop - is a pretty standard trading move called a "short squeeze". The…
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The USOIL structure looks at waves I-II-III-IV-V which suggests a bullish impulse. Currently, correction IV of a cycle degree, in the form of a double zigzag, has recently ended. Now a cycle wave V is forming, which can complete the…
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Greenback Continues to Surprise The dollar index closed 0.45% yesterday as is headed for its best weekly gain in three months. Democrats in the US Senate expect a marathon voting process, with Republicans set to oppose Biden's $1.9tn…
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