Analyzing Wheat Futures, I highlight key levels like $6.17 resistance and $6 support, discussing moving averages and future price action insights.
November 1, 2024
I break down the U.S. Dollar Index ($DXY) focusing on key levels like the 200-week and 50-week moving averages, current trends, and future breakout signals.
We identified a head and shoulders pattern on the weekly chart, signaling a continued downtrend. Key support is at $43, with potential for $30 if broken.
Oil recently rallied to $77 after breaking below $70-$72 due to geopolitical tensions. Key resistance remains, and I’m staying neutral until it crosses $80.
Whitecap Resources gains traction in West Central Saskatchewan with technical indicators hinting at a breakout. Watch for potential gains above $12.
I analyze Cocoa futures' rally from $2,900 to $11,700, focusing on the 50-week moving average and discussing market structure stages and possible trends.
Discover why the crucial $71-$72 oil price range matters, linked to April 2020 lows. Learn how it impacts trader decisions and future oil trends.
Analyzing Baytex Energy Corp’s TSX chart, the stock closed at $4.04. If $4 support breaks, it could trigger a sell-off. Time to reassess long positions.
