This breakout event is expected to reverse the price movement and trend higher. A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines [...]

The time frame of your analysis also influences target reliability. Rising wedges that form on daily or weekly charts tend falling broadening wedge to produce more reliable targets than those on shorter time frames like five-minute or hourly charts. This occurs because longer-term patterns generally reflect more substantial shifts in supply and demand. Golden Cross [...]

Those considering buying or selling any financial product(s) should independently consider the risk in doing so, and also any legal and regulatory requirements applicable to them in the relevant jurisdiction. It is noted that as a pricing location, Cushing, Oklahoma does not reflect the US; it reflects the midcontinent region. In contrast, the Houston area [...]

In 1997, the NYMEX moved to a new building on the Southwestern portion of Manhattan, part of a complex called the World Financial Center.611121314 In 2014 the buildings were renamed to Brookfield Place. Commodity exchanges began in the middle of the 19th century, when businessmen began organizing market forums to make buying and selling of [...]