Market Overview: Crude Oil Futures Crude oil bears need follow-through bear bars on the weekly chart to increase the odds of a deeper pullback. Bulls see the current move as a pullback and hope it will lack follow-through selling, followed by another retest of the March 9 high. Crude oil futures The Weekly crude oil […]
EURUSD Bulls Need Follow-through Bull Bars
Market Overview: EURUSD Forex The EURUSD bulls need follow-through bull bars on the weekly chart to increase the odds of a retest of the range high. Bears want the market to reverse below the 20-week EMA. EURUSD Forex market The Weekly EURUSD chart The Daily EURUSD chart Market analysis reports archive You can access all […]
EURUSD Testing the 20-Month EMA
Market Overview: EURUSD Forex The market is in a pullback phase, with EURUSD testing the 20-month EMA. Bulls want the 20-month EMA and the August 1 low to act as support, followed by a retest of the prior trend extreme high (January 27). Bears need consecutive strong bear bars breaking below the 20-month EMA and […]
Crude Oil Retest of Prior High
Market Overview: Crude Oil Futures The market is in a Crude Oil retest of prior high. Bulls want a retest and breakout above the March 9 high, with sustained follow-through buying. If the market trades higher, bears want a failed breakout above the March 9 high, with prominent upper tails or bear bars. Crude oil […]
E-mini Pullback to the 20-Month EMA
Market Overview: S&P 500 E-mini Futures The market formed an E-mini pullback to the 20-month EMA, with a long lower tail. Bulls want the 20-month EMA to act as support followed by a retest of the all-time high. Bears need sustained follow-through selling below the 20-month EMA to increase the odds of a successful reversal. […]
Weekly E-mini Follow-through Bear Bar
Market Overview: S&P 500 E-mini Futures Weekly E-mini Follow-through Bear Bar following the breakout below the November low. Bears want a larger measured move based on the height of the broader trading range (November 21 low to January 28 high), projecting toward the 6,200 area. If the market trades lower, bulls want the June 23 […]
Crude Oil Trading in Middle of 1-Bar Trading Range
Market Overview: Crude Oil Futures The Crude oil trading in middle of 1-bar trading range over the last 2 weeks indicates an area of balance. Bulls want at least a small sideways to up leg retesting the March 9 high, even if it forms a lower high. Bears need strong bear bars closing near their […]
Weekly EURUSD Bears Want a Retest of the Low
Market Overview: EURUSD Forex Weekly EURUSD bears want a retest of the low (March 13), followed by a strong breakout. Bulls want a higher low relative to March 13, followed by a second leg sideways to up. The market remains within the 41-week trading range. EURUSD Forex market The Weekly EURUSD chart The Daily EURUSD […]
No Breakout Below the EURUSD August low
Market Overview: EURUSD Forex There was no breakout below the EURUSD August low this week. Bulls see the market forming a two-bar reversal and a large double bottom bull flag (August 1 and March 13). Bears see this week as a pullback and want a retest of the March 13 low, followed by a strong […]
1-Bar Crude Oil Trading Range
Market Overview: Crude Oil Futures The market is trading sideways around the middle of the 1-Bar Crude oil trading range. Bulls hope for at least a small sideways to up leg retesting the March 9 high, even if it forms a lower high. Bears need strong bear bars closing near their lows to show control. […]
