The technical team at Noqana reviews the latest WTI crude oil picture, as price steadies near $94.56 with a bullish candle signal on one side and weakening momentum on the other. A Hammer Forms Near Support On the four-hour chart, a hammer candlestick has appeared close to the $92.61 support level. This pattern often hints...
Archives: Articles
Natural Gas Outlook: Prices Pull Back From Multi-Week Highs As Traders Lock In Profits
Natural gas has stepped back from the multi-week highs it reached recently. Traders are cashing in gains, and attention has turned to warmer weather forecasts that could shape demand in the coming days. Market experts at Noqana examine what is behind the pullback and which price levels now decide the next move. Profit Taking Hits...
Copper Outlook: Price Eyes A Record High As Fed Hike Fears Ease And Mine Disruptions Grow
Noqana’s trading desk breaks down the latest copper picture, as the metal trades close to its September record while easing rate fears and mining disruptions in Chile support the rally. Copper Moves Back Toward Its Record Copper climbed toward $6.80 per pound on Tuesday, roughly 2% below the record it set in September. On the...
Solana Outlook: SOL Slips Toward $104 As A Large Treasury Sale Adds Supply
Solana is trading near $103.91, down about 1.47% on the day. Price sits under its short and medium-term averages, while the longer-term average still offers some support. Market experts at Lucovox examine what is behind the weakness and which levels matter most in the coming sessions. Sellers Hold The Short-Term Edge Intraday charts show SOL...
Silver Outlook: XAG/USD Rebounds Toward $56.50 As The Dollar And Treasury Yields Retreat
Silver has bounced on Thursday, with the metal changing hands near $56.50 after a gain of roughly 1.5%. A retreat in both the US dollar and Treasury yields is behind the move, a mix that tends to favor metals that pay no interest. Analysts at Noqana take a closer look at what is driving the...
Gold Outlook: Bulls Defend The $4,120 Support Zone Again After A Post-CPI Dip
Brokers from Noqana dive into the latest Gold picture, as the metal recovers from a sharp drop after the US inflation report and holds a support area that bears have failed to break twice. A Dip That Reverses Within Hours Gold slid after September’s US consumer prices came in hotter than expected. The data first...
Texas Instruments Turns a 2% Revenue Beat Into a 9% Earnings Surprise
A senior financial analyst at Timberline Associates said the gap between two beats tells the real story. Texas Instruments posted third-quarter revenue of $6.06 billion, about 2% above forecasts. Earnings per share reached $2.62 against a consensus of $2.40. Shares rose roughly 7% in extended trading from a close of $284.65. Consensus is the average...
IBM’s Software Engine Carries the Quarter While Mainframes Slide 20%
IBM reported third-quarter revenue of $17.1 billion, up 5%. A junior broker at Timberline Associates said the mix counts for more than the headline. Operating earnings per share rose 11% to $2.95. Software supplied most of the growth, while the mainframe line fell 20%. Management held its revenue outlook and raised its cash flow target....
Lam Research Posts a 22% Quarterly Jump and Still Gets Punished for the Next One
Lam Research reported quarterly revenue of $8.22 billion, up about 54% from a year earlier. Shares fell roughly 7% in extended trading after the company gave a weaker outlook than analysts expected. A lead finance expert at Timberline Associates said investors were punishing slower growth. The sequential gain was large at 22%, but the guidance...
WTI Outlook: Crude Rebounds Toward $98.50 As Shipping Risks Meet Recovering Gulf Flows
Lucovox’s trading desk breaks down the latest WTI picture, as crude edges back toward $98.50 after a small dip, with supply fears and signs of recovering shipments pulling the market in opposite directions. A Rebound After A Small Dip Oil recovered part of Monday’s decline early on Tuesday and now sits close to $98.40 a...