Crude oil futures are settling down $0.79 or 1.33% and $58.70. The low price today reached $57 and 68 says that was the lowest level since May 6.
Looking at the 4 hour chart, the price decline from the October 9 high the price was testing its 100 bar moving average (blue line on the chart below), first saw the price break below a swing area between $61.45 and $61.94. More recently, the price has extended below another swing area between $59.55 says and $59.78. Stay below keeps the sellers more in control.
That area is now close resistance. On the downside, the low price for the year is up $55.15
This article was written by Greg Michalowski at investinglive.com.
Trump has been trying to arm-twist Spain into spending more on defense.
That came after Spanish Prime Minister Pedro Sanchez said he would not commit to the 5% NATO target, calling it “incompatible with our welfare state and our world vision,” while committing to 2.1%.
This article was written by Adam Button at investinglive.com.
Would have been nice to have those puts on Friday!
What an insane weekend it was. I was saddened to read all the posts from traders who were crushed. I also didn’t understand how Cryto.com CEO Kris Marszalek was calling for regulation afterwards. That’s not what people signed up for.
Regulators should look into the exchanges that had most liquidations in the last 24h and conduct a thorough review of fairness of practices. Any of them slowing down to a halt, effectively not allowing people to trade? Were all trades priced correctly and in line with indexes? What’s the setup for trade monitoring and AML programs? Are their internal trading teams fully Chinese-walled? $20B in liquidations, a lot of users got hurt. The job of regulatory bodies is to protect the consumers and assure market integrity.
This whole thing is going to end up the same way as the stock market did except none of it is funding startup companies.
This article was written by Adam Button at investinglive.com.
The USDCAD made a notable break higher earlier today, pushing above a key swing area between 1.4010 and 1.4026. Within that zone lies the 38.2% retracement of the 2025 trading range at 1.40212 — a level that acted as resistance last week but ultimately gave way. This week, buyers reclaimed control, driving the pair up to a session high of 1.4079 before dollar selling prompted a pullback.
That correction, however, found support near 1.4029, holding just above the top of the broken swing area and roughly 8 pips above the 38.2% retracement level. The pair has since rebounded modestly, trading around 1.4040.
The same story remains in play as noted in the earlier [see earlier post by clicking here] — the 1.4010–1.4026 zone now defines the risk for buyers. Staying above keeps the bullish bias intact and supports a potential push back toward the week’s highs. Conversely, a move back below that zone would represent a failed breakout, likely leading to buyer disappointment and a shift back toward a more neutral or bearish tone.
This article was written by Greg Michalowski at investinglive.com.
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