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NVAX Key Trading Levels
NVAX had a strong rejection at $13.37, and the price has been trending down today. I have $10.23 as a key support level, the yellow zone as an updated buy zone after the recent bullish news. $13.37 and $15.99 are two key resistance targets on the way up. I would make trading decisions based around […]Read More
Commodities Update After April Inflation Data
USOIL has has shown a lot of weakness since peaking on April 1. This week USOIL has lost support at the lower end of the light blue channel. There should be concerns for continued decline to low $70 price levels. GOLD Finds Support at the Green Zone GOLD has rebounded off the green zone, and […]Read More
Update on the U.S. Bonds Market After April’s Inflation Data
April’s inflation data was another nothingburger. PPI and CPI inflation data met expectations, and coffee was removed from the inflation metrics. The data is heavily manipulated, and investors will remain calm as long as the Fed continues to act like everything is fine. The 10 year bond yields have declined after today’s CPI inflation numbers. […]Read More