Gold is expected to rebound from Friday's downward trend and continue its bull run, possibly reaching $2600 per ounce when the New York session opens on Monday. Investors may seek to withdraw funds from the market, but potential reversals could offer opportunities to collect more liquidity. Tensions in the Middle East, particularly between Iran and Israel, could...
Stay ahead in the gold market with our latest analysis! Gold prices are holding strong around $2385, with potential to breach the $2400 mark amidst escalating tensions in the Middle East. Geopolitical uncertainties drive investors towards gold, making it a safe haven asset of choice. Our in-depth analysis delves into market trends, technical indicators, and...
Fundamentals & Sentiment WTI: In general, there are global drivers for oil demand, amongst them is supply curbs from OPEC. More recently geopolitical risks in Middle east create bias for oil upside. USD: The dollar has been overbought according to CFTC reports. The risk of BoJ intervention is still there, so it's better not buy dollars anyhow as long as USDJPY...
On Thursday January 11th ( earlier today) WTI Crude prices gyrated widely likely in reaction to US /UK intervention on the terrorists who seized a tanker on the behalf of Iraq in the Red Sea / Suez Canal area putting shipping and supply concerns into the oil industry to offset any weak demand. The 15 minute chart shows a megaphone pattern as a...
YANG on a 240 minute chart had a reverse head and shoulders pattern last summer. Price rose over the neckline in November and hit an increased trend angle at that time. With a set of VWAP bands anchored to the neckline cross, TANG had pulled back twice to the mean VWAP where it found support, the latter of which was this past week. While price is currently...
The US Energy Department has announced open bids for oil contracts to replenish the national strategic reserve which was depleted during the prior run up on global oil prices. This is a sure sign that the feds think that spot oil has but in a bottom especially in the context of shipping disruptions and higher insurance costs due to terrorism /piracy in the...
Crowdstrike saw an impressive break of 190 today and I suspect this action may continue. Good luck traders..
The December Crude oil contract has endured a precipitous drop in the past three trading sessions - falling nearly $7 per barrel. Is this just a correction? Are we in the midst of a trend change? The Bullish Case: Crude gapped higher on Monday, October 9th, following the start of the conflict between Hammas and Israel, and the geopolitical risk surrounding...
CME: Micro S&P 500 ( CME_MINI:MES1! ), CBOT: Micro Dow Jones ( CBOT_MINI:MYM1! ) In the last two stories, I discussed how the prices of crude oil, a strategic energy commodity, and gold, a safe-haven asset, could soar at wartime. Extended reading: “Would the Middle East Conflict Push Gold and Oil Prices Higher?” Extended reading: “MCO: Options Strategy to...
Shining bright and sizzling hot, gold has surged 8% over the past two weeks. Ample supply of geopolitical shocks from violence in the Middle East to ongoing Russia-Ukraine conflict has been driving gold high. This paper examines the drivers supporting the gold rally and prevailing bullish & bearish factors. It posits two hypothetical trades to astutely position...
- The most recent conflict on the Middle East between Israel and Palestine(Hamas) has caused TVC:GOLD and Brent Crude Oil (futures) ICEEUR:BRN1! price to jump 4% . This increase risk on Geo-Political spectrum is messing up with our Short in ICEEUR:BRN1! . Short Call idea was shared on bingX copy-trade community where 2.000 people saw the Short trade...
On the 4H Chart, SOYB has moved above both tthe near and intermediate term POC lines of the respective volume profiles. Upward price volatility above the running mean on the relative volatility indicator. In confluence pric emoved above the mean basis band of the double Bollinger band. Fundamentally, supply-demand imbalances including the collapse of the...
Restrictive policy and geopolitical risks raise the odds of a global recession What a difference a year makes. 2022 saw the ‘reopening’ of markets from the COVID pandemic evolve into a ‘recession’. Margaret Thatcher put it succinctly on 27 February 1981 – “The lesson is clear. Inflation devalues us all.” Monetary policy has been on the most pronounced tightening...
China is the world’s second-largest economy. If that doesn’t impress you, consider this: It has grown from a ragtag collection of state-owned firms to the world’s second-largest economy in just 35 years. China is now the world’s largest producer of goods, from smartphones to steel, autos to aircraft carriers. In 2017 alone, China produced almost as much output as...
Here's a possible scenario from the chart using a common Elliot Wave pattern. The dotted lines are support/resistance in confluence to the VPVR. Whether or not this plays out is dependent upon geopolitical concerns, and how the market responds to the fed increasing interest rates by 50 basis points next month. I will personally never sell the bulk of my Bitcoin,...
Henry Clay was a US Senator from Kentucky, the Speaker of the House of Representatives, the US Secretary of State, and a Presidential candidate in the 1800s. His legacy and nickname were “The Great Compromiser” for his involvement with the Missouri Compromise, the Compromise Tariff of 1833, and the Compromise of 1850. As Henry Clay understood, any great compromise...
Hey traders I see bullish movements on Gold for the next week. Why? 1. It filled the imbalance perfectly then rejected! 2. Geopolitical News. 3. 2022 is a resistance that we are most likely to test out before deciding whether we will continue bullish or bearish! Notes: 1.We will see a retest at the price of 200 because 2000 is a strong resistance 2.There would...
PLG is another name in a long list of stocks that look ready to run lately for geopolitical reasons. Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the...