Chart of the Day – Light Crude Oil Futures Analysis Crude Oild Futures Daily Timeframe Crude Oil Price Chart, Daily timeframe | April–June 2025 Since mid-April 2024, light crude oil futures have respected a clear red resistance line—with key touchpoints in April 2024, January 2025, and most recently in mid-June 2025. The most recent test briefly pierced above resistance,…
The Euro slips modestly against the British Pound on Friday, despite a weak UK retail sales print. UK retail sales drop 2.7% in May, the sharpest monthly fall since December 2023. EUR/GBP trades near 0.8530, pulling back slightly from recent two-month highs. The Euro (EUR) edges lower against the British Pound (GBP) on Friday, unable to capitalize on disappointing…
2025.06.20 2025.06.20 The Franc Knows Which Way the Wind Blows. Forecast as of 20.06.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The 10% drop in USDCHF since the start of the year has been driven by strong demand for safe-haven assets amid rising political and geopolitical risks. This is slowing inflation in Switzerland and forcing the SNB to cut rates. Let’s discuss it and…
When I survey markets and themes right now it’s painfully difficult to find any clarity. Trump is extremely difficult to predict and right now we’re waiting on two big decisions: 1) Whether to join the war with Iran 2) How to conduct the trade war Both could materially worsen or get better at any point. So far the trade…
Bovespa Index Elliott Wave technical analysis – Day chart Function: Bullish Trend. Mode: Impulsive. Structure: Orange wave 3. Position: Navy blue wave 1. Direction next lower degrees: Orange wave 4. Details: Orange wave 2 appears complete; orange wave 3 is now unfolding. Wave cancel invalidation level: 122486 The Bovespa Index daily chart indicates a bullish trend. The price action is…
2025.06.20 2025.06.20 USD/СAD: Elliott Wave Analysis and Forecast for 20.06.25 – 27.06.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3540 with a target of 1.4018 – 1.4168. A buy signal: the price holds above 1.3540. Stop Loss: below 1.3480, Take Profit: 1.4018 – 1.4168. Alternative…
Israeli strikes continue: Israel’s Air Force conducted another wave of attacks targeting Iran’s nuclear site at Isfahan, radar installations, and air defense batteries. Senior Iranian commanders killed: Israel confirmed the targeted killing of multiple Iranian commanders, including Bahnam Shahriari, head of weapon transfers to Hezbollah, and Amin Pour-Joudaki, commander of Iran’s drone force. Saeed Izadi, head of the Quds…
CarMax came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.95%. A quarter ago, it was expected that this used car dealership chain would…
2025.06.20 2025.06.20 USD/CHF: Elliott Wave Analysis and Forecast for 20.06.25 – 27.06.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8332 with a target of 0.7800 – 0.7600. A sell signal: the price holds below 0.8332. Stop Loss: above 0.8400, Take Profit: 0.7800 – 0.7600. Alternative…
This week’s financial markets resembled a high-stakes juggling act, with traders scrambling to balance dynamic Middle East developments against a central banking circus that would make any ringmaster dizzy. Oil prices took traders on a wild ride, plummeting from the mid-$76s to $70 on Monday’s peace hopes before rocketing back toward $76 as Israel-Iran tensions simmered. Trump’s announcement…
