Futures Movers: Dow futures up 200 points as Treasury yields retreat

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 Forex trading, or foreign exchange trading, is the act of buying and selling currencies in the foreign exchange market with the aim of making a profit. While it is accessible to beginners, not everyone who tries their hand at forex trading will be successful. There are several reasons for this: 1. Lack of Education and Knowledge: Forex trading is a complex and dynamic market. Many beginners jump into trading without taking the time to educate themselves about how the forex market works, including factors that influence currency movements, technical and fundamental analysis, and risk management. This lack of knowledge can lead to costly mistakes. 2. Insufficient Preparation: Successful forex trading requires careful preparation and planning. Beginners often underestimate the importance of having a well-defined trading strategy, setting realistic goals, and developing a risk management plan. Without these preparations, traders are more likely to make impulsive decisions and suffer l...
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WTI Oil Futures Meet December’s Bar; Bullish Bias Still in Play

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WTI oil futures (February delivery) paused their two-day advance near December’s resistance zone of 73.10. Although some consolidation is likely around that ceiling,  the bulls could soon recharge their batteries according to the momentum indicators. The RSI has breached its previous highs, stretching its uptrend slightly above the 50 neutral mark. The MACD continues to gain ground above its red signal line, while the rising Stochastics have yet to reach their 80 overbought level, all reflecting improving sentiment in the market. Should the  73.10  bar give way, with the price closing clearly above the 50% Fibonacci of the 61.27 – 85.39 upleg too, the bullish action could pick up steam towards the 38.2% Fibonacci of 76.37. A tentative descending trendline drawn from the seven-year high of 85.39 could add some downside pressures around the same region. However, if it fails to act, the way will clear towards the 23.6% Fibonacci of 79.82. On the downside, the 61.8% Fibona...
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