CME Group’s flash data for crude oil futures markets noted traders reduced their open interest positions by around 5.8K contracts after four consecutive daily builds. On the other hand, volume added around 180.3K contracts to the previous daily advance.  WTI: Another drop to $72.00 is not ruled outTuesday’s marked advance in prices of WTI was […]

Neutrality and jitters describes the undertone of this market. Fragility going into December has been our expectation as a part of ‘reasonable’ progression with a bullish outcome into early 2024, presuming geopolitical or variables in the financial realm don’t intervene. S&P stretching pending a probable dip.FreepikSome risk has come off-the-table for the smaller stocks, but that doesn’t mean […]

Photo by Michelle Spollen on Unsplash  USD/CAD Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 29 November 2023U.S.Dollar /Canadian Dollar(USD/CAD) 4 Hour ChartUSD/CAD Elliott Wave Technical AnalysisFunction: Counter TrendMode: corrective  Structure: blue wave C  of black wave BPosition: black wave BDirection Next Higher Degrees: black wave CDetails: Blue wave B looking completed at 1.37679, now blue wave C […]

Image source: PixabayHere are some of the headline sentiments I am seeing: consumer confidence rises consumer confidence rebounds consumer confidence rises for the first time in 4 months consumer is optimistic Let’s take this with a grain of salt. Last month’s initial number was 102.6. This month’s number is 102.0.Last month’s print of 102.6 was revised […]

Stock photo by VecteezyAside from innovation, BOOM and bust cycles are driven by three factors: Government regulation, market intervention, and the injection of public funds into the market.When governments want to “encourage” investment into one sector or another, they do as BlackRock CEO, Larry Fink, does with the tools available to them.Here’s what Fink, CEO of […]