The technical figure Pennant can be found in the daily chart in the US company Altria Group, Inc. (MO). Altria Group, Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes and related products. Altria is the parent company of Philip Morris USA (producer of...
The technical figure Flag can be found in the daily chart in the US company Microsoft Corporation (MSFT). Microsoft Corporation is an American multinational technology corporation which produces computer software, consumer electronics, personal computers, and related services. Its best-known software products are the Windows line of operating systems, the...
The technical figure Falling Wedge can be found in the daily chart in the Dutch company NN Group N.V. (NN.as). NN Group N.V. is the parent company of NN Investment Partners and Nationale-Nederlanden. Nationale-Nederlanden is one of the largest insurance and asset management companies in the Netherlands. The Falling Wedge broke through the resistance line on...
The technical figure Rising Wedge can be found in the daily chart in the UK company Unilever PLC (ULVR.l). Unilever plc is a British multinational consumer goods company. Unilever products include food, condiments, ice cream, cleaning agents, beauty products, and personal care. Unilever is the largest producer of soap in the world, and its products are available...
The technical figure Descending Triangle can be found in the daily chart in the US company Qualcomm (QCOM). Qualcomm is an American multinational corporation. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards. The Descending Triangle...
After the Wednesday rebound, SP500 went into downturn again in Thursday, amid investors fears of economic slowdown and further interest increase. The benchmark hit new low on Wednesday, before rebound, of 3602, which was not tested yesterday, but if the downtrend keeps its momentum, this level might be tested and even levels of 3480 might be reached. In the...
WTI recovered some of its loses yesterday after expectations of supply slow-down due to the hurricane in the Gulf of Mexico. But the continuous straightening of the US dollar and the expectations of continuing slow-down of Chinese economy might decrease the demand of crude oil. This will probably put further pressure on the crude oil price. Bearish traders might...
After policymakers have shown more appetite for interest rate hikes, S&P500 recorded its lowest close in almost two years and it is 24% down from its record high. The technical indicators on 1H graph are also putting the index into bear territory, with MACD histogram below 0 and keeps decreasing and RSI well below 50 neutral line. If the downtrend continues, the...
The price of the precious metal continues to decline with the rise of the value of USD. Continuous hawkish talks are putting even greater pressure on the price of the GOLD. The technical indicators are also placing the instrument into a bear market, with MACD histogram below 0 line and continuing to decrease and RSI well below 50 neutral line. Bearish traders...
WTI reached its 8 months low, after the spike in price from the invasion in Ukraine. Investors are afraid that combination of increasing interest rates and high inflation will slow down the economy, from there and the demand for crude oil. The economic slow down of China has also put a down pressure on the oil price. Technical indicators are also placing WTI into...
WTI remains indecisive. On one hand traders are suspecting continuous increase of the interest rates, after Fed decision in Wednesday. On the other hand, the further escalation by Russia of the war in Ukraine and the thread by the Nigerian oil minister Timipre Marlin Sylva that OPEC+ will decrease production if prices keep falling, are creating fear of tightened...
The major US indices, including S&P 500, are continuing to plumed after the Fed rate decision yesterday. The interest rate reached 3.25%, as it was predicted, but the forecasts are that the interest rates will keep increasing into the entire 2023 as well, reaching levels of 4.6% The technical indicators are suggesting a downtrend as well, MACD histogram is below...
The expectations of another hawkish raise in interest rate after the Fed meeting today are keeping the gold in downturn, pulling investments away from it and directing them into the US dollar. The daily graph is clearly showing a bearish trend for the instrument, the two indicators, MACD and RSI are giving sell signals as well. The MACD histogram is below 0 and...
The price of the precious metal rose today, recovering from previous losses. But it still keeps raging, expecting the Fed interest rate decision. Technical indicators are suggesting entering into long position, MACD histogram is above 0 line and RSI is above the neutral 50 line, which might provide a speculative short term opportunity for traders to get advantage...
WTI increased in value in the start of today's Asia session, following a weakened US dollar and the news that China is easing the COVID lockdowns, which will most likely boost the economy of the second largest energy consumer. On the technical site, the instrument broke the resistance of the triangle pattern, MACD histogram is above 0 line and RSI indicator is...
Weakened business outlook, operational inefficiencies, and worsened macroeconomic environment are among the reasons for the selloff of the delivery giant. Although FedEx is the world's largest cargo airline and a major provider of parcel delivery services the near-term future is fulfilled with uncertainties New shorts are coming and a test to the major support...
Although the recent announcement that Cathie Wood's Ark Innovation has made a big purchase of Roku and the upgrade rating to Hold, in a short term it is more likely the downtrend to continue. The price is heading for a re-test of the $ 59 support level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of...
The CPI report released yesterday surprised the market participants with worse-than-expected results. The higher inflation weakened the stock market and caused a huge sell-off. Caterpillar Inc was not spared. The price dropped more than 4 % and closed below the 0.236 Fibonacci. Continuation of the downtrend and re-test of the $ 167 support level is...