Monthly Archives: May 2025
Chart the Market (05/05/2025)
Written on May 7, 2025 at 7:07 am, by
NASDAQ, Daily The Nasdaq index is trading higher, extending its rebound from the strong support level at 17,105.00, driven in part by renewed trade optimism. The index is currently testing a critical resistance level at 20,255.00. Technically, MACD indicates growing bullish momentum, while the RSI is at 59, suggesting the bullish bias may continue asContinue Reading
Chart the Market (29/04/25)
Written on May 7, 2025 at 7:05 am, by
Crude Oil Oil prices have staged a mild rebound following the heavy sell-off earlier in April, but the recovery remains fragile. Prices failed to breach the 0.618 Fibonacci retracement level, a key resistance zone, and have since formed a head-and-shoulders pattern, typically a bearish reversal signal, reinforcing the view that oil remains locked in aContinue Reading
Geopolitical Flashpoints and FOMC Anxiety Rattle Global Markets
Written on May 7, 2025 at 7:03 am, by
Market Summary Markets were cautious on Tuesday as investors weighed geopolitical tensions and central bank uncertainties. The U.S. dollar weakened ahead of the highly anticipated FOMC decision, with expectations for no rate change that were already priced-in in the market. However, concerns over renewed friction between President Trump and Fed Chair Powell added an additionalContinue Reading
