Market Overview: Crude Oil Futures The Crude oil futures traded lower and traders are wondering if it is forming a third leg down with the first two legs being Sept 26 and Dec 9. The bulls want a reversal higher from a double bottom with the December low. Crude Oil could be forming a trending trading range […]
Nifty 50 Double Top and Increased Trading Range Action
Market Overview: Nifty 50 Futures A Nifty 50 double top formed on monthly chart and showed increasing trading range price action after the breakout of the small bear channel. Market is trading in the current range for the last 10 months now. Nifty 50 on the weekly chart has filled the breakout gap, so now less […]
Emini rallying to channel top magnet at 4500
Weekend report co-author Andrew A. Market Overview: Weekend Market Analysis SP500 Emini rallying to channel top after a brief pullback on Thursday. It is trading just under the 4404 measured move target with the 4500 trend channel line a magnet above. Might transition into trading range for a week or two after the streak of […]
futures.io webinar: trading channels
Here is my June 26, 2012 webinar for futures.io Trading Forum on trading channels. futures.io webinar: Trading channels futures.io is the largest futures trading community on the planet, with over 75k members. futures.io creates a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer.
