Crude oil futures is settling at $68.65. That is down $0.32 -0.46%. The high price reached $70.32. The low price was at $68.50 THe selling into the settlement took the price below the 200 hour MA at $68.91. This article was written by Greg Michalowski at www.forexlive.com.
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2024.09.13 2024.09.13 Boeing Forecast & BA Price Predictions for 2024 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ In the ever-evolving stock market landscape, Boeing Co. (NYSE: BA) emerges as a focal point for investors and financial analysts. Addressing the pivotal question, “Are Boeing prices expected to go up or down?” The analysis leans towards an upward trajectory. This positive sentiment is backed…
Are my eyes deceiving me or is this a reversal pattern forming on silver’s 4-hour time frame? I’m seeing what appears to be a complex double bottom or what could be an inverted head and shoulders formation. In any case, check out this resistance zone being tested! Silver (XAG/USD) 4-hour Chart by TradingView While its fellow precious metal gold…
The AUDUSD is higher for the week after dipping lower earlier in the week where the 200 day moving average stalled the fall. The subsequent move to the upside was able to extend above resistance rotated back down toward support and extend above resistance and and step pattern defined by technical levels. Today the run higher stalled just ahead…
At the beginning of next week, there will be all kinds of economic data from China to ‘work through’, Commerzbank’s commodity analyst Barbara Lambrecht notes. Data is unlikely to provide a significant boost to oil prices “Industrial production, retail sales, fixed asset investment, and new home sales will all provide insight into the current state of the Chinese economy….
2024.09.13 2024.09.13 XAUUSD: Elliott wave analysis and forecast for 13.09.24 – 20.09.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 2497.30 with a growth target of 2600.00 – 2700.00. A buy signal: if the price holds above 2497.30. Stop Loss: below 2480.00, Take Profit:…
The term “recency bias” gets thrown around a lot in the trading scene, but what exactly is it? In the most basic sense, recency bias refers to the tendency of traders to look at only the latest set of events while disregarding older but equally important (or sometimes even more important) pieces of information. Recency bias negatively affects the…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
The Mexican Peso rises in key pairs as expectations of lower interest rates in the US and Europe weigh on counterparts. The USD is hit by a revival of the debate over a 50 or 25 bps cut, and the Euro by lower economic growth forecasts. USD/MXN reaches the downside target after a key breakout from a rising channel. …
