Market Analysis – July 28th US Oil (WTI) continues to dive forward due to bullish strength. The oil market is currently in a strong position. The bulls have been dominating the market and preventing sellers from changing course. In the past few days, the buyers have been able to break out above the 73.570 market […]
Market Analysis – July 25th US 30 Bounces off a new horizon as buyers keep increasing momentum. The market is on the rise as buyers continue to increase their buying momentum. After breaking past the 35170 key level, buyers have kept up their pace. They have succeeded in pushing the market from its starting position […]
Market Analysis – July 21 US oil (WTI) flirts above the 74.220 market level as buyers prepare to bounce off it. Oil traders have seen a volatile market for the past two months. The market started strong in May, with prices rising from 83.370 to nearly 84.000. However, by the end of June, sellers had […]
The US dollar hit a speed bump as the gauge of US business services activity stumbled in May. According to the Institute for Supply Management (ISM), its services PMI index took a nosedive, dropping to 50.3. This unexpected decline is fueling worries about the economic outlook, with overly restrictive monetary policy and stubbornly high inflation […]
Market Analysis: May 20 The US Oil market is set for a bullish breakout as it transformed into a strongly trending market after consolidation between the 80.790 supply level and 73.200 demand level. The symmetrical triangle pattern shows an impending breakout in the WTI market. US Oil Key Levels Demand Levels: 73.200, 68.800, 66.000 Supply […]
Market Analysis – February 22 US 30 has delivered a bearish displacement toward 32751.0. The symmetrical triangle has prepared the market for an accumulated phase of distribution. US 30 Key Levels Demand Levels: 32751.0, 31718.0, 28675.0Supply Levels: 34209.0, 35551.0, 37007.0 US 30 Long-term Trend: Ranging US 30 market experienced a bullish reversal in October. The […]
Market Analysis – February 14 The US30 Market is currently in an accumulation phase, preparing for massive displacement. In 2022, multiple demand levels supported the push-up in the price for short periods. However, the rise in demand from level 28675 changed the market’s narrative. US30 Key Levels Demand Levels: 32751.0 31718.0, 28675.0Supply Levels: 34209.0, 35551.0, […]
On December 9th, price action in the US30 market tried breaking the resistance of $34,134. However, this attempt failed, and since then bears took control and the price has been falling steeply till now. Important price Levels: Top Levels: $32,600, $32,650, $32,700 Floor Levels: $32,544, $32,450, $32,400 US30 Tears Down Support at $33,069 About three […]
The US Congress has introduced a new bipartisan bill named the “Virtual Currency Tax Fairness Act,” which essentially exempts small crypto transactions from taxation. The bill was sponsored by Senators Pat Toomey (R-Pennsylvania) and Kyrsten Sinema (D-Arizona). An announcement from the US Senate Committee on Banking, Housing, and Urban Affairs, explained that the bill aims […]
