Good morning. In 2010, the flash crash sent the Dow plunging nearly 1,000 points in minutes, wiping out almost $1 trillion in market value before snapping back.
It was one of the first major reminders that algos, not humans now move markets faster than anyone can react.
-Jonathan Kibbler, Shaun A, Jordon Mellor
MARKETS
How’s your favorite today?
Prices supplied by Google Finance as of 4:00am ET - stock prices as of close. Here is what the prices mean.
GOLD CHART BREAKDOWN OF THE DAY
Gold continues to grind lower as the intraday trend stays firmly bearish. Price is moving inside a clean descending channel, with sellers defending every bounce.
MARKET ANALYSIS
A Quiet Oil Market? Look Again.
The energy market isn’t giving us a break this week. WTI opened the European session on the back foot, extending Thursday’s weakness and pressing deeper into its downtrend. Momentum is still heavy, sentiment is still shaky, and the chart is telling a very clear story.
Before anything else: WTI is trading at $58.11, down from Thursday’s close at $58.66 and Brent is also sliding, sitting at $62.16 after previously closing at $62.60.
The drawdown is broad, not isolated. Let’s break this down properly.
Here’s What You Need to Know:
1. WTI Is Still Respecting Its Downtrend
The descending trendline from July is still untouched. Every bounce gets sold, and today is no different. Price rejected the trendline again, keeping bears firmly in control.
2. Key Supports Are Getting Pressured
WTI is now hovering right above the $58 region, a level that has repeatedly acted as both support and rejection this year. Price also remains below the 50-day and 200-day moving averages, showing sellers are still in control.
If $58 gives way, the next major liquidity zone sits at $55.70, which is a big magnet for price during extended downtrends.
3. Fundamentals Are Leaning Bearish for Oil
Global demand expectations have been downgraded again as markets price in slower economic activity heading into year-end.
On top of that, U.S. inventories have shown larger-than-expected builds this week, adding extra weight on crude. When supply stacks up and demand softens, WTI naturally struggles to find bullish momentum, and that’s exactly what we’re seeing now.
Slower global demand expectations, cautious risk sentiment, and reduced refinery activity are weighing on prices. Until macro shifts, upside catalysts are scarce.
My Takeaway
WTI remains a seller’s market, clean, simple, and unapologetic. Price is trending lower, rejecting resistance, and walking straight down the trendline. Until we break above $61.00 and reclaim the moving averages, any attempt to “bottom-pick” is just volunteering for punishment.
For now, the more realistic scenarios are:
Further downside into $56–55.70
Possible short-term bounces or rallies
Bears maintaining full control heading into next week
As a reminder always, trade what’s in front of you, not what you want to happen. Oil hasn’t flipped yet and today’s price action confirms it.
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MARKET ANALYSIS
VIX Reaches Its Highest Level Since 16th October
The VIX surged yesterday to levels we haven’t seen since mid-October, signalling the markets' fear.
Implications spanned across stocks, crypto and commodities. But is this a buy the dop or something bigger?
WHY the VIX Exploded
Several key narratives are in motion:
Markets are retreating from risk assets amid renewed uncertainty around the Federal Reserve’s policy path. Rate-cut odds have slipped sharply, unnerving sentiment.
The delayed data fallout from the government shutdown has left economic readings patchy and trust in the outlook weakened.
Tech and crypto are under pressure (especially AI names), triggering equity rotation.
Markets Impacted
The US stock markets felt the squeeze, as traders usually sell their positions in times of uncertainty.
Bitcoin is heading towards $80k, which are the lows formed in April of this year. This is one of the ultimate fear and greed markets for me. An unregulated market will often see a stronger performance in greed driven markets.
Gold is muted, which often occurs in times of uncertainty, typically we see a short sell off as traders liquidate their positions to cover losses elsewhere.
How Traders Use the VIX
When VIX spikes but then drifts lower gradually while risk assets stabilise, dips in equities or currencies often do become buying opportunities. This was one of the top strategies I have used this year.
If VIX jump is sustained it may signal the start of a bear phase so buying the dip becomes risky.
We’ve got a sharp VIX move, tech crack, policy confusion and a big macro calendar ahead. That context tilts toward risk-off continuation risk rather than a clean dip-buy setup, so for me this narrative may not be over just yet.
WATCH
DAILY TRADING PSYCHOLOGY NUGGET
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TODAY’S MOST TRENDING MARKET NEWS (NOVEMBER 21, 2025)
credits: REUTERS/Tyrone Siu
Global stock markets plunged as ambiguous U.S. jobs data dampened expectations for a near-term rate cut by the Federal Reserve, while tech shares led the slide and Asian equities recorded their worst week since April. (source:reuters)
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ANSWER
Answer: Stop-loss order