Market Analysis – May 22 The US 30 experienced a price decline that was halted after mitigating the bullish order block at 37,238.0. The price then resumed its ascent, reaching the current year’s high. While the US 30 market remains bullish, a pullback appears imminent due to overbought conditions. US 30 Key Levels Demand Levels: […]
Market Analysis – May 16 US 30 marked experienced a short-lived downward trend in March. The market has resumed its ascent towards the previous high of 39986.0. The possibility of a pullback to 39017.0 is high as the Stochastic signals an overbought market. US 30 Key Levels Demand Levels: 39017.0, 38560.0, 37238.0 Supply Levels: 39986.0, […]
Market Analysis – May 10 The USOil market has undergone a notable bearish reversal as the daily chart depicts. This reversal became apparent after failing to breach the resistance level of 87.520 in April, marking a pivotal juncture in market dynamics. Notably, the most recent breach of the demand level at 81.160 has paved the […]
Stablecoins like USDT were introduced to address the inherent volatility of cryptocurrencies like Bitcoin and Ether, making them more suitable for various use cases: For Stable Transactions USDT provides a stable value pegged to the US Dollar, making it ideal for everyday transactions, remittances, and payments that require low volatility. USDT is perfect for transactions […]
Market Analysis – May 8 In retrospect, the NAS100 index transitioned into a bullish trajectory back in November. This upward momentum was substantiated by the breach of short-term Moving Averages (Periods 30 and 50) and long-term Moving Averages (Periods 100 and 128). Throughout this period, the short-term Moving Averages acted as a steadfast support, guiding […]
Crypto Super PAC donations exceed $100 million as industry executives and firms support pro-crypto candidates. Crypto Super PACs have amassed $102 million before the US elections to support pro-crypto candidates amid growing adoption. A new report utilizing data from opensecrets.org reveals that Super PACs backed by cryptocurrency firms and executives have surpassed the $100 million […]
Stocks saw mostly positive movement early in the day and continued to perform well in afternoon trading on Monday. This ongoing advance builds on the significant rally that occurred at the end of last week.In the latest activity, the Nasdaq and S&P 500 reached new session highs. The Nasdaq is up 128.94 points or 0.8% […]
ICE cotton encountered mixed trends during yesterday’s US trading session. Despite a modest increase in the front-month May contract, the market retained its bearish stance. Struggling to secure support, US cotton futures, including the July and December contracts, faced selling pressure. The ICE cotton cash price dipped, while various contract months experienced fluctuation, with some […]
U.S. stocks are edging higher Thursday, gradually ascending back toward record heights, while Wall Street readies for the impact of an upcoming jobs report that could potentially shake the market on Friday. In afternoon trading, the S&P 500 showed a 0.2% increase, positioned just below its all-time high. However, the Dow Jones Industrial Average experienced […]
