Day: June 2, 2022
Energy was the only one of the S&P 500’s SPX, -0.75% 11 key sectors to be gaining ground Wednesday, as rallies in crude oil and natural gas futures offset concerns over the start of the Federal Reserve’s move to reduce liquidity in the marketplace. The SPDR Energy Select Sector ETF XLE, +1.63% climbed 1.5% toward […]
EURUSD, “Euro vs US Dollar” Having completed the descending impulse at 1.0680 along with the correction up to 1.0746, EURUSD is forming another descending wave towards 1.0623. Later, the market may form one more ascending structure to return to 1.0680 and then resume moving within the downtrend with the target at 1.0584. GBPUSD, “Great Britain […]
BTC improved pretty much in the last couple of days. On Wednesday, the major cryptocurrency is trading at $31,540. The crypto market capitalisation is currently $1.313 trillion and the BTC share is about 46%. Some important resistance is now at $30,700. After fixing above this level, the BTC may continue rising towards $32,250 or even […]
Type: Bullish RiseKey Levels:Resistance: 17.980Pivot: 17.430Support: 16.990Preferred Case:Price is moving within the ascending trend channel and is breaking through the ichimoku cloud in an uptrend momentum which supports our bullish bias that price will rise from the pivot at 17.430 where the overlap support and 23.6% fibonacci pullback to the 1st resistance at 17.980 in […]
Type: Bearish MomentumKey Levels:Resistance: 4293.75Pivot: 4199.75Support: 3971.25Preferred Case:On the H4, with price entering a bearish pressure area on our MACD indicator, we have a bearish bias that price will drop from the pivot at 4199.75 in line with the swing high to the horizonatal support level at 3971.25 in line with the 61.8% fibonacci projection […]
Gold futures eked out a gain Wednesday, shaking off a rise in Treasury yields as U.S. stocks slumped. Gold for August delivery GC00, +0.08% GCQ22, +0.08% rose 30 cents to close at $1,848.70 an ounce on Comex. The yield on the 10-year Treasury note TMUBMUSD10Y, 2.902% rose around 10 basis points to 2.94%. Rising yields […]
