A Volatile Start to The New Year | Stock Indices | Oil | Crypto
Welcome to 2024. To start the year, we have seen a bit of volatility in the first trading week of the year.
We have made a quick review video of some of the key markets we have been watching over the last few days. We have asked a few questions in today’s video; feel free to drop us a comment if you wish to chip in.
Indices – Indices have been moving lower this week. Is this just a short-term pullback, or could we see a deep correction develop?
Oil – Current price action in USO is looking more to the bullish side. Could this be the start of a new higher move?
Crypto – We saw a shock to start the NY after rumours/comments suggested the SEC may try to delay or object to the BTC ETF. We all saw the sales that hit the markets yesterday. Is this a fragile start? Could Crypto be overdone? Or is this just another buying opportunity?
Good trading.
Indices | Oil | Crypto | Trading | Price Action | Technical Analysis | Trend Analysis | Chart Patterns | Technical Indicators | Continuation Patterns
* The information provided on this page are the opinions of the author and do not necessarily reflect the opinions of Eightcap and are not endorsed by Eightcap.
Any person acting on the information presented on this page does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. Any research provided does not have regard to any specific investment objectives, financial situation and needs of any specific person who may receive it.
Margin trading involves a high level of risk and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.