Market Analysis – April 18 The US 30 market, also known as the Dow Jones Industrial Average Index, has failed to soar beyond the resistance level of 34381.0 since April last year. The Bulls are attempting to bridge the resistance level, but reduced momentum has been noticed on the 24-hour chart. US 30 Key Levels […]
Market Analysis – April 14 US Oil experienced a bearish breakout below the demand level of 73.20. The anticipated retest of the demand level was dashed as the market suddenly gapped above 81.130. Oil Key Levels Demand Levels: 73.200, 66.000, 62.00Supply Levels: 81.130, 89.000, 92.800 Oil Long-Term Trend: Bullish Oil was stuck between the resistance […]
Market Analysis – April 13 Gold Bulls have resiliently burned through all resistance levels above the demand zone of 1612.0. A new launchpad seems to be the final approach to strike 2068.0 Gold Key Levels Supply Levels: 1958.0, 2068.0, 2100Demand Levels: 1688.0, 1804.0, 1693.0 Gold Long-Term Trend: Bullish Ever since the Bullish reversal in November, […]
Market Analysis – April 11 US 30 has witnessed a significant drop in the volume of its transactions since the 25th of October, 2022. US 30 has also witnessed long-term consolidation for a space of four months (November to February). The key level of 34381.0 remains unyielding giving way to a rise in the price. […]
Market Analysis – April 12 FTSE 100 Bulls are racing towards the resistance level of 8015.0. The market is approaching the 78.6% retracement level, where a bearish order block lies. FTSE Key Levels Resistance Levels: 7848.0, 7950.0, 8015.0Support Levels: 7288.0, 7120.0, 6782.0 FTSE 100 Long-Term Trend: Bearish FTSE 100 created a swing low on October […]
Market Analysis – April 6 Gold is currently delivering on the buy side of the market after a long-term decline in the price of Gold. The price is ascending to sweep the major high of 2069.0. Gold Key Levels Demand Levels:1959.0, 1805.0, 1613.0Supply Levels: 2069.0, 2160.0, 2200.0 Gold Long-Term trend: Bullish The nulls have drawn […]
Market Analysis – April 5 FTSE 100 bullish delivery lasted from October 2022 till February this year. Three black crows dived to change the direction of the market in February. The breakout of the rising wedge seemed lethargic initially, till the black crows appeared. FTSE 100 Significant Zones Supply Zones: 7712.0, 7848.0, 8015.0Demand Zones: 7288.0, […]
Market Analysis – April 4 US 30 has experienced difficulty breaking above the resistance level of 34209.0. After the price dropped below the 34209.0 resistance level in April, the market has not been able to recover. Multiple attempts to bridge the resistance level have failed. The Buyers are ascending once again to attack the same […]
Market Analysis – March 31st US Oil broke the supporting trendline on the 13th of March. The Bearish displacement delivered from 81.130 to 66.00. The market is currently experiencing a retracement after the impulsive move. US Oil Key Levels: Demand Levels: 73.20, 66.00, 62.00Supply Levels: 81.10, 89.00, 92.80 Oil Long-Term Trend: Bearish The tussle over […]
