Has the 50 SMA Turned into Resistance for Oil?
Crude Oil has reversed down since the middle of April and moving averages are acting as resistance at the top, confirming the bearish trend Full Article
Crude Oil Testing the 100 Daily SMA Again, After A Strong Close on Friday
Crude Oil closed a bullish week as Saudis hiked prices, despite a huge buildup in the US EIA inventories Full Article
Oil Heads Higher for the 100 Daily SMA on Higher Demand Expectations from China
Crude Oil is heading for the 100 SMA which is keeping the trend bearish since June last year and the next test is coming up Full Article
The Test Coming at the 100 Daily SMA for Crude Oil As Global Economy Improves
Crude Oil has been making some decent gains since early last week as global economy improves, but buyers are facing major resistance above Full Article
Risk Sentiment Should Improve As Chinese Economy Rebounds
China's manufacturing and services are bouncing in expansion as the grand reopening goes underway, which will help improve risk sentiment Full Article
Crude Oil Heads for $70 Fast, Ahead of the EIA Crude Inventories
Crude Oil has been losing $4 in each of the last two days and yesterday's API private inventories showed a bigger-than-expected buildup Full Article
WTI Oil Bouncing Late Last Year But Can It Sustain Bullish Momentum?
Crude Oil has formed a bullish reversing pattern but it is facing the 50 daily SMA as resistance Full Article
Gold Makes a 9-Month High Above 1,800 After Jumping on Chinese Reopening
Gold continues to show strong buying pressure and yesterday we saw a jump above $1,833 after news of China reopening Full Article
Sentiment Improving on China Reopening, But Caution Remains
The pressure has been bullish on EUR/USD today as sentiment remains slightly positive on China reopening Full Article
AUD/USD Beginning A Bearish Reversal, As Chinese Economy Disappoints
AUD/USD was rejected by the 200 daily SMA last week and it is facing the 100 SMA now, with the Australian economy slowing down Full Article
Is Oil Moving Away From the Petrodollar?
There have been rumours of the petrodollar being dumped when the covid pandemic started, now China is asking for Oil to be settled in yuan Full Article
Commodities Pop Higher For A Moment on China Reopening Signals
Oil has jumped $1.5 off the lows as the comments on a reopening in China are improving the sentiment in financial markets Full Article
Crude Oil Jumps $4 on OPEC Production Cut, China Reopening Comments
Yesterday crude Oil fell to $73.60 after opening with a bearish gap, but it reversed back up pretty fast Full Article
Forex Signals Brief for November 29: Mind the Month-End Flows
Yesterday we saw some large moves in both sides, as risk sentiment reversed, although month-end flows have had an impact as well Full Article