WTI Crude Oil Cut Back Gains: Will the Slide Continue?

Key Highlights USD/JPY started a major decline below the 145.00 support. A major bearish trend line is forming with resistance near 142.10 on the 4-hour chart. EUR/USD surged above the 1.1040 and 1.1080 levels. GBP/USD retested the 1.2820 resistance, where the bears emerged. USD/JPY Technical Analysis The US Dollar failed to remain stable above the […]

Bearish scenario: Shorts below 80.00 with TP1: 79.60, TP2: 79.30, and 78.83 with S.L. above 80.62 or at least 1% of account capital*. Anticipated bullish scenario: Intraday longs above 80.70 with TP: 81.50, TP2: 81.85, and TP3: 83.00, with S.L. below 80.00 or at least 1% of account capital*. Apply trailing stop. Bullish scenario after retracement: […]

Markets Today’s US ADP job report served as the next test for markets eager to frontrun a sharp Fed pivot. November employment grew by 103k, less than the 130k expected and a further deceleration from an already downwardly revised 106k. The biggest contributors were trade, transportation and utilities (+55k) & education and health services (+44k). […]