Day: January 5, 2023
Financing News Drives Stock Higher Shares in Chinese tech giant Alibaba are trading over 3% higher ahead of the open today. This comes on the back of a 15% move higher yesterday as the company’s shares gapped higher at the open. The lift in bullish sentiment is a reaction to the news that Chinese regulators […]
Oil Traders Increase Net-Longs The latest CFTC COT institutional positioning report shows that crude traders increased their net long positions by around 10k contracts last week. Total upside exposure now sits at 248k contracts, up from 238k contracts the prior week. Any recent longs will likely be struggling, however, on the back of the more […]
Type: Bearish Drop Key Levels:Resistance:4049.00Pivot:3914.00Support:3757.50 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 3757.50, where the 161.8% Fibonacci line is. Alternative […]
Type: Bullish Rise Key Levels:Resistance:2671Pivot:2570Support:2470 Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2671, where the previous swing high is. […]
How To Spot Forex Robot Scams Many traders use forex robots today because they enable automatic forex trading, which is necessary when trading on a market that is open 24/7. A trader cannot always keep an eye on the market. FX robots handle trades in the absence of traders and assist traders in making rational […]
What Are Signal Seller Scams? Many forex traders rely on seller signals. These keep an eye on and evaluate market activity to determine when traders should sell a specific instrument based on how the financial markets are behaving and what they might do in the future. These tools can be an excellent way to decide […]
Type: Bearish Drop Key Levels:Resistance: 1.07670Pivot: 1.05085Support:1.03315 Preferred Case:Looking at the H4 chart, my overall bias for 6E1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down to break the pivot at 1.05085 where the […]
Type: Bullish Rise Key Levels:Resistance:698.50Pivot:651.25Support:638.25 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 698.50, where the previous swing high is. Alternative Scenario:Price […]
