WTI crude oil continues to trade within a falling price channel on the 4-hour chart, signaling that the downtrend from 77.14 is still in place. Key Downside Targets: The recent downside move has extended to as low as 64.68. As long as the channel resistance holds, further declines are likely, with the next target around…
The foreign exchange market, often abbreviated as Forex, is a dynamic and ever-changing landscape. Success in this arena hinges on a multitude of factors, but one often-overlooked element stands out: timing. Just like a master chef knows precisely when to add ingredients for a perfect dish, a skilled Forex trader understands the importance of entering…
EUR/USD has broken below the crucial 1.1026 support level, signaling a potential continuation of its downward trend. What to Expect Next: Continued Downside: In the coming days, further decline is likely, with the next target around the 1.1000 area. A breakdown below 1.1000 could push the price toward the next support levels at 1.0960 and…
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While the Eurozone seems relatively quiet on the fundamental front, the Japanese yen appears more active. Consequently, this has created some headwinds in the market, driving it lower. At this point, price action has broken through a key support level. Let’s see how the market may proceed from here. Key Price Levels:Resistance Levels: 160.00, 165.00,…
Palantir Technologies (PLTR), Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. PALANTIR (PLTR) Weekly Chart May 2024 Palantir ended a cycle at $45.00 in January 2021. Then…
Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States & globally together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories. It also operates e-commerce websites in the US, Canada, UK & many other countries. It is based in Issaquah, Washington, comes under…
Chevron Corporation (CVX) is a global leader in the energy sector. It engages in the exploration, production, and refining of crude oil and natural gas. They operate worldwide, with significant activities in North America, South America, Europe, Africa, the Middle East, and Asia-Pacific. Chevron also manufactures and markets petrochemicals through its affiliate, Chevron Phillips Chemical…
Markets: Gold up $11 to $2516 WTI crude oil down $2.58 to $66.13 US 10-year yields down 5.1 bps to 3.65% S&P 500 up 0.45% JPY leads, CAD lags USD/CAD was particularly strong as Macklem’s comments suggested an effort to put a 50 bps cut on the table for the October meeting if economic data…
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