Chart Patterns News Today

In this article, we discuss the Either Way Market, define it, explain how to spot it, discuss the types of Either Way market, and more.

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US Jobs data came in strong across the board today in a move which is likely to see Fed Chair Powell offer little in terms of a confirmation regarding potential rate cuts in 2024. Fed Swaps already pricing in less easing in 2024.

Oil prices failed at a technical hurdle today as the OPEC+ meeting failed to convince. Despite announcing around 2 million bpd cuts for Q1 2024 market participants were expecting more as Global Markets continue to flash signs of a slowdown.

Oil prices continue to advance as news filtered through regarding the possibility of additional cuts by OPEC+ at tomorrow's meeting. News remains murky but market participants are running with it. Can an OPEC+ cut push WTI back above the $80 mark?

In terms of price action, the stock is now trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts which is a positive sign for the bulls. The daily Relative Strength Index (RSI) is at 66.9. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. The daily MACD is above its center and signal Line, this is a bullish indicator.

Oil prices are up around 7% from last weeks lows as speculation mounts over further cuts by OPEC+ who meet later this month. Immediate resistance poses a hurdle but overall sentiment may prove to strong.

US Indices have run into resistance but with a spate of earnings after market close can the rally continue?

US Indices have put in excellent gains this week but face a host of technical challenges ahead. Can Apple earnings and US Jobs data facilitate a clean break of the confluences area ahead?

Oil prices failed to maintain yesterday's bullish momentum as markets anticipate a drop in demand in Q4 from both the US and Europe. Is WTI finally heading back to the 80.00 mark?