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Trading Range

All articles tagged with #trading range

commodity-markets2 years ago

"US Natural Gas Prices Plunge Despite Record Demand and Cold Snap"

Natural gas markets plunged from the top of the overall consolidation range, indicating a potential selling opportunity as the market pulls back. With temperatures expected to normalize, demand is likely to decrease, highlighting the oversupply of natural gas and leading to a focus on pricing reflecting this concern. The market is anticipated to trade within a range for the rest of the year, with $3.33 as the top and $2 as the bottom, and a potential move towards the middle of the range in the near term.

via FX Empire|
#commodity-markets#market-plunge#natural-gas
commodities2 years ago

Gold Prices Surge as Technical Hurdles Fail to Halt Rally

Gold markets have surged during the week, bouncing from key support levels. However, as the market approaches the $2000 region, resistance is expected. The bond markets in the US continue to offer higher rates, which may limit gold's upside potential. Geopolitical concerns could provide a boost to the gold market, but there is significant resistance between the $2000 and $2100 levels. Short-term back and forth trading is likely, making it challenging for longer-term traders to find clarity.

via FX Empire|
#commodities#geopolitical-concerns#gold
finance2 years ago

"30-Year Bond Auction Sends Stocks and Yields Spiraling"

The 30-year bond auction resulted in a significant sell-off, causing a clear line to be drawn under the recent trading range in Treasury yields. The lower boundary is marked around 4.50% in 10-year yields, and the upper boundary remains uncertain. The auction, combined with hawkish reminders from Powell, kept yields within this range. The range is expected to hold until next Tuesday's CPI release.

via Mortgage News Daily|
#auction#bonds#finance
cryptocurrency2 years ago

Crypto Volatility Shifts: Bitcoin and Ethereum Show Signs of Future Bull Runs.

Bitcoin's trading range has narrowed to one of the tightest in the past three years, indicating that neither bullish nor bearish perspectives dominate the price action. This suggests high volatility is likely on the horizon, as seen in previous instances of narrow trading ranges preceding large market moves. Bitcoin is currently trading near $26,830, with lingering concerns about the stability of U.S. regional banks and the country's debt ceiling affecting the crypto market.

via CoinDesk|
#bitcoin#crypto-market#cryptocurrency
cryptocurrency2 years ago

Bitcoin faces resistance and warning of deep correction from top strategist.

Bitcoin failed to break out of its tight trading range and remained below $28,000, with traders compressing the likely zone of movement for the spot price. Analysts predict two possible outcomes for BTC/USD: a grind with EMA trend or a bleed towards 1D range low and breakdown. Some remain optimistic about Bitcoin's path for the coming year, while others eye a potential long-term "double top" formation with a drop to $27,000. Calculations call for another bullish double top for Bitcoin in 2025, potentially peaking above $200,000.

via Cointelegraph|
#bitcoin#bullish-prediction#cryptocurrency