Technical Analysis

US dollar moves higher after Fed minutes The USD has broken to new highs after the Fed minutes suggested might be time to think about tapering.   EURUSD: The EURUSD has moved to an through (at least temporarily), the swing highs from May 10 and May 11 between 1.2175 and 1.2181.  THe pair has fallen short of the 38.2% retracement of the […]

Down to $2.13 or -3.25% on the day The price of WTI crude oil futures are selling at $63.36. That is down $-2.13 or -3.25%. The high price reached $65.35. The low price was at $61.95. The Vienna nuclear talks with Iran are ongoing and traders are hoping for an agreement. If so, there could be

Encouraged by Iran nuclear talks The price of crude oil has fallen sharply below its 100 and 200 hour moving averages.  See Adam’s post here for the news triggering the fall.  The price of WTI crude oil futures fell down toward the $64 level (the low reached $64.11). In the process, the 100 /200 hour MAs were

Russell 2000 closes higher Today was a day that could’ve been worse for the US stocks. The major indices are closed lower, but were well off the lows at the close. The Russell index of small-cap stocks closed marginally higher. The S&P index closes less than 2% from the all-time high. Dow, S&P and Nasdaq snap a today winning streak NASDAQ is

$0.90 or 1.38% the price of WTI crude oil futures settle at $66.27. That’s up $0.90 or 1.38%. The high reached $66.43. The low extended to $64.83. Technically, the price high today  stalled ahead of its high from last week at $66.60. The high price from May reached $66.73 on May 5. Both are targets

100 day MA is at 13438.47 currently The NASDAQ index continues its move to the upside and is currently trading up over 300 points or 2.3% at 13428.03 (that is the high). The last move to the upside took the price back above its 50 hour moving average currently at 13407.  The next target comes in at the 100