Latest Market News

May 06
Soybean Oil Futures (ZL1!), H1 Potential for Bearish Continuation

Type: Bearish ContinuationKey Levels:Resistance: 85’46Pivot: 83’76Support: 82’04Preferred Case:With price expected to reverse off the resistance of the Ichimoku cloud, we see a potential bearish continuation from our pivot level of 83’76 which is in line with 50% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 82’04 which is in line with […]

May 06
Soybean Futures (ZS1!), H1 Potential for Bearish Continuation

Type: Bearish ContinuationKey Levels:Resistance: 1674Pivot: 1662’6Support: 1644Preferred Case:With price moving below the Ichimoku cloud, we see a potential bearish continuation from our pivot level of 1662’6 which is in line with 50% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1644 which is in line with the horizontal pullback support.Alternative Scenario:Alternatively, […]

May 06
EUR50 Wave Analysis – 6 May, 2022

• EUR50 broke the support zone• Likely to fall to support level 3600.00 EUR50 index recently broke the support zone lying between the key support level 3700.00 (which stopped wave (i) at the end of April) and the 50% Fibonacci correction of the upward impulse (1) from March. The breakout of this support zone accelerated […]

May 06
GBPAUD Wave Analysis – 6 May, 2022

• GBPAUD reversed from support level 1.7200• Likely to rise to resistance level 1.7493 GBPAUD currency pair recently reversed up sharply from the key support level 1.7200 (which stopped wave 1 at the start of April). The upward reversal from the support level 1.7200 created the daily candlesticks reversal pattern Hammer – standing far below […]

May 06
OpenSea Discord server hacked, users warned to be vigilant of phishing scams

The hacker’s initial post, which was published in the announcements channel, claimed that OpenSea had “partnered with YouTube to bring their community into the NFT Space.” 692 Total views 10 Total shares Nonfungible token (NFT) marketplace OpenSea suffered a server breach on its main Discord channel, with hackers posting fake “Youtube partnership” announcements. A screenshot […]

May 06
Nike’s stock in danger of first back-to-back 5%+ drops in 22 years

Shares of Nike Inc. NKE, -6.62% dove 6.4% in morning trading, enough to pace the Dow Jones Industrial Average’s DJIA, -1.53% decliners, in the wake a disappointing earnings report from Germany-based athletic apparel and gear rival adidas AG ADDYY, -5.37% ADS, -5.49%. Nike’s stock was trading at the lowest price seen during regular-session hours since […]