-
Crude Oil futures would form a bullish double bottom pattern if it can close above 79.96 on its continuation chart. Its minimum upside target would be around 83.30. Further supporting this upside move is that this potential pattern is forming in a volume profile support zone, near its 200 EMA, and near its monthly S2 pivot. Additionally, there is bullish ...
-
The S&P 500 jumped to a new record high yesterday on signs that inflation is cooling. CPI came in at 3.4% in April year-over-year and lower than the March 3.5% print. It was enough to spark a broad-based rally as Treasury yields and the U.S. Dollar sold off. The Dollar broke below the 50 DMA, further sparking long liquidation. Our trend discovery system ...