CMC Markets

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Natural gas prices have fallen by nearly 30% since early March and now appear to have reached oversold conditions, suggesting a potential bounce of more than 10% back to $3.75 per million British thermal units. Natural gas has risen above its 10-day exponential moving average (EMA), indicating a possible short-term trend change. The 10-day EMA, which previously...

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Gold prices have pulled back from the high reached on 22 April and, more importantly, are nearing a break from the recent period of consolidation. Gold is forming a descending triangle, which could provide clues about the direction prices will take. Typically, a descending triangle is considered a bearish continuation pattern. In this instance, gold has been...

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Gold appears to be showing signs of finally cracking after an impressive run higher, with the excitement surrounding its rally potentially approaching a crescendo. The precious metal experienced a sharp intraday reversal on 22 April, a decline that continued into 23 April. Since the recent uptrend began in mid-March, gold has consistently found support at its...

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USD/CAD has strengthened significantly over the past few days as markets have been shaken by President Trump’s new trade war with Canada and the rest of the world. That said, USD/CAD may be due for a pause in its recent rally and could consolidate somewhat, having reached some key technical indicators and support levels. The loonie’s relative strength index fell...

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The Nasdaq 100 has continued declining, attempting to find some support after breaking below the August 2024 lows on 4 April. The next obvious support levels lie around the late 2021 and 2022 highs, which, for now at least, are offering some stability. It would not be surprising to see the index test that region during the trading session. However, a break below...

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The Nasdaq 100 has had a rough start to 2025, plunging by nearly 15% over the year so far. Even with the recent rally, the technology-heavy index remains down almost 9%, and where it goes from here appears less certain. Many investors seem to believe that a V-shaped “snapback rally” is due, but the technical pattern — resembling a broadening megaphone — suggests...