Friday, April 26, 2024

Support and Resistance at Play on Some Key Charts

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Support and resistance may be at play on some key charts. In case you don't know, support and resistance are important price levels where buyers...

How Low Can Oil Go?

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Energy just had its worst month in decades, and the bears are still in control. Crude oil futures (@CL) dropped 7.2 percent yesterday, their biggest...

S&P 500 E-Minis: The Biggest Show in Town

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You've probably heard of about "stock market futures," but do you really know what they are? Today let's start by looking at the most...

Metals on the Move as Dollar Takes a Hit

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Metals came back from the long weekend with a bang as money poured into gold and copper. Globex's gold futures (@GC) traded almost 333,000 contracts...
Mr. Powell and the Punch Bowl

Mr. Powell and the Punch Bowl

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Federal Reserve Chairman Jerome Powell will answer a lot of questions in the Senate this week. But they all come down to one issue:...
Good News Sneaks Out for Energy Sector

Good News Sneaks Out for Energy Sector

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Everyone thought this week's big stories would be China or the Federal Reserve. But it might be all the good news in energy. Crude oil...

‘Weak Dollar’ Trades Appear Before Powell and the Fed

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The market's embracing a "weak dollar" sentiment, looking for more easy money from Jerome Powell's Federal Reserve tomorrow. Copper (@HG), crude oil (@CL), silver (@SI)...
Why the U.S. Dollar Is Pushing to its Highest Level in Two Years

Why the U.S. Dollar Is Pushing to its Highest Level in Two Years

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The greenback surged yesterday as America's growth prospects kept outshining the rest of the world. Futures on the U.S. dollar index (@DX) ended Wednesday's session...

Oil Leading Commodity Selloff as Tariffs Hit Sentiment

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Oil's crashing as supply-and-demand worries hammer commodity prices. Crude oil futures (@CL) are down 3.2 percent in afternoon trading. If the move holds, it will...

Greenback on the Brink as Fed Meeting and G20 Approach

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The U.S. dollar seems to be teetering before some events with the potential to drive it lower. The U.S. dollar index (@DX) has spent most...
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