World News

Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?

 Will Chevron Corp. (NYSE: CVX) Prices Cross the Hurdle on Charts?

Summary Chevron Corp. (NYSE: CVX) has outperformed the index and generated ~16.01 percent returns in the last 3 months. On the daily chart, CVX’s prices are moving in a horizontal channel pattern and taking support from the 100-period Sim...

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Bitcoin Taking Breather After Blistering Run, Notes From Chartist’s Workbook

Bitcoin Taking Breather After Blistering Run, Notes From Chartist’s Workbook

Bitcoin has been under a bull run with prices hitting new record highs almost every week and in 2021 the prices have already scaled above the USD 40,000 mark and registered a new all-time high of USD 41,100. To Know More, Do Read: Bitcoin hits new a...

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Gold breaking out of slumber, what are charts saying?

Gold breaking out of slumber, what are charts saying?

Gold has been under a crabwalk for a while with economic situations around the globe taking a turnaround with the rollout of COVID-19 vaccine. The spot market has been stuck in a range for quite a while; however, after a period of slow moves, gold ha...

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Is the Recent Rally in Base Metals due to Price Seasonality?

Is the Recent Rally in Base Metals due to Price Seasonality?

Copper’s Price Action Summary: Copper prices are trading in a perfect symmetrical triangle pattern on a quarterly timeframe chart on Shanghai Future Exchange. It started the year with a bearish tone and gave negative quarterly closing, near ...

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Want to Improve Your Trading This Christmas?

Want to Improve Your Trading This Christmas?

Trading shares or applying technical analysis is a mixture of both science and art. It is science in terms understanding the various nuances of chart patterns, back-testing, trading system, etc. It is an art when it comes to understanding market psyc...

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Iron ore jolts another record high, is there more steam left in the rally?

Iron ore jolts another record high, is there more steam left in the rally?

Iron ore prices are once again capturing the attention as the prices spike to another record high over supply concerns and robust demand from China. The commodity clinched RMB 1,194.00 per dry metric tonne on the Dalian Commodity Exchange (DCE) on 21...

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Copper Tops USD 8,000, Commodity Supercycle at Play?

Copper Tops USD 8,000, Commodity Supercycle at Play?

At present, many analysts believe that a copper supercycle is underway and the same has resulted in copper prices hitting a record high. So, what is a commodity supercycle? Image Source: Megapixl Supercycle is defined as a wave degree under the ...

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Tesla Share Price at Record high, EV Leader Enters S&P 500 with a bang

Tesla Share Price at Record high, EV Leader Enters S&P 500 with a bang

Tesla is breaking all records with the stock contouring another record high of USD 695.00 a share yesterday. The EV giant is now all set to see its inclusion in America’s benchmark S&P 500 stock index on Monday, i.e., 21 December 2020. I...

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US Fed Continues to Pump Money, Nasdaq Contours New ATH

US Fed Continues to Pump Money, Nasdaq Contours New ATH

The US stock market has once again ended at a record high on 16 December 2020, with S&P 500 and Nasdaq 100 both hitting their previous record highs while Nasdaq 100 even establishing a new record of 12,698.11 (intraday high). One of the primary ...

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Silver Spot Price and Sentiment Data Diverges, What Does it Mean for the Precious Metal? 

Silver Spot Price and Sentiment Data Diverges, What Does it Mean for the Precious Metal? 

Silver spot prices are consolidating after correcting from the recent peak of USD 29.863 per ounce (intraday high on 7 August 2020). The current range for the spot is between USD 24.800 to USD 24.100, and the range seems to be shrinking as compared t...

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Bitcoin Scales USD 20,000 – Bulls on Charge or a Trap?

Bitcoin Scales USD 20,000 – Bulls on Charge or a Trap?

Bitcoin prices have smashed through the USD 20,000 mark to reach a new record high - the blistering rally in Bitcoin has delivered a one-year return of 190 per cent. The recent rally in the cryptocurrency has been well-supported by large institutiona...

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