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William Watts is MarketWatch’s senior markets writer. Based in New York, Watts writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C.

• Nikkei 225 reversed from strong support level 27500.00 • Likely to reach resistance level 28800.00 Nikkei 225 index recently reversed up with the daily Hammer from the strong support level 27500.00 (which has been reversing the price from the end of July), intersecting with the lower daily Bollinger Band. The upward reversal from the […]

The ECB unanimously raised interest rate by 75 basis points on Thursday, stressing on the fact that the unconditional policy priority is to suppress inflation. Growth forecasts proved to be somewhat unexpected – the regulator not only ruled out a recession next year, predicting growth of 0.9%, but also revised forecast for economic growth this […]

Type : Bearish Drop Key Levels:Resistance : 13340 Pivot: 13004 Support : 12591 Preferred Case: On the H4, with price expected to reverse off the stochastic resistance, we have a bearish bias that price will drop from pivot at 13004 where the pullback resistance is to the 1st support at 12591 where the swing low […]

Bitcoin (BTC) has been in a rut, and BTC’s price is likely to stay in its current downtrend. But like I mentioned last week, when nobody is talking about Bitcoin, that’s usually the best time to be buying Bitcoin.  In the last week, the price took another tumble, dropping below $19,000 on Sept. 6 and […]

Shares of Caterpillar Inc. CAT, +3.46% climbed 3.3% in morning trading Friday, enough to pace the Dow Jones Industrial Average’s DJIA, +1.19% gainers, after the construction and mining equipment maker said the settlement reached wit the U.S. Internal Revenue Service included no penalty payments. The stock’s price gain of $5.97 was adding about 39 points […]