#CrudeOIl #CL #XTIUSD Action Areas & Price Objectives
#CrudeOIl #CL #XTIUSD Action Areas & Price ObjectivesIn this update we review the recent price action in the front month continuous futures contract for Crude Oil and identify potential action...
Crude Sinks Despite Rising Middle East Fears
Oil Pushing LowerOil prices are pushing lower today, weighed on by a stronger US Dollar and fresh concerns about oversupply in the market. Notably, worrying developments in the Middle East have failed...
Daily Market Outlook, October 1, 2024
Daily Market Outlook, October 1, 2024 Munnelly’s Macro Minute…"Thin Asian Session Buyoed By Quarter End Rally In The US”Asian stock markets are trading mostly higher on Tuesday in thin trade,...
U.S. 10-Year Treasury Yield Should Rise Soon
U.S. 10-Year Government Bonds made bears fall into a trap and confidently rebound from the horizontal level of 3.667%. As for now, the rate of this asset should retest this level and drop. Of course,...
Daily Market Outlook, September 30, 2024
Daily Market Outlook, September 30, 2024Munnelly’s Macro Minute…"Chinese Markets Surge, Japan Sinks. US Markets Await Powell Comments”Chinese and Hong Kong stocks surged on Monday as Beijing took...
Copper Slammed On Weak China Factory Reading
Chinese Manufacturing Contracts FurtherFollowing an impressive rally last week in response to news of Chinese stimulus measures, copper prices have come under heavy selling pressure on Monday. The...
Where Next For Silver Futures?
Silver Rally PausesFollowing a strong rally over recent weeks, silver prices have stalled for now into a test of the 32.5698 level highs. The market has been well-supported via the breakout moves...
Crude Reverses Lower on Supply Concerns
China Boost FadesCrude oil prices have sunk lower in recent sessions, reversing from the weekly highs and the latest test of the all-important 72.61 level. The reversal comes despite the EIA reporting...
Daily Market Outlook, September 27, 2024
Daily Market Outlook, September 27, 2024 Munnelly’s Macro Minute…"China’s Golden Week”On Friday, Asian stock markets are primarily trading higher, as traders continue to place bets on the US...
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