The price action of gold continues to be consolidating within a broad range, which has been developing over the last several weeks. Given these very strong ranging conditions, traders may implement contrarian trading strategies, aiming to pick tops and bottoms within the boundaries of the range. Market pressures remain subdued in those early days of the new year due to low overall trading activity. [...]

The price of gold is once again consolidating within the boundaries of a massive range, entailing excellent opportunities for the implementation of range-trading strategies. Those involve picking the tops and bottoms within the established range. The consolidation is due to a mixture of conflicting news and statistics, making it impossible for neither bulls nor bears to retain control for long. On the one [...]

The price of crude oil plummeted last week after Russia proposed an increase in production at the last OPEC+ meeting, which took place on Thursday. The plunge was further bolstered by the fact that the recent fears concerning the energy crisis in Europe, which kept energy demand high for some time, have now mostly subsided. And while the risk of global supply and demand disruptions continues to pose a [...]

The price action of crude oil appears to be in the early stages of establishing a new bearish trend, as it attempts to break down below the lower boundary of a major consolidation range. This range serves as a Distribution of a broader Wyckoff Cycle, which means that the trend reversal if it is indeed to take place, would likely be marked by predictable behaviour of the price action. [...]

The price of gold has been advancing for seven consecutive days, which increases exponentially the likelihood for a correction whit each next passing day. This means that the current setup is suitable for the implementation of contrarian trading strategies by bears looking to trade on an expected dropdown, whereas bulls can then use trend continuation trading strategies to buy the resulting dip. [...]

The long-anticipated reversal on the price of crude oil may finally be on the horizon, given the latest developments on the price action of the commodity. However, right off the gate, it should be stated that the ongoing energy crisis continues to be the biggest determinant of the heightened demand for gas, which has a spillover effect over crude oil as well. That is why bears should be especially cautious [...]

The price of gold is currently probing the psychologically significant resistance level at 1800.00, which might prove to be an impregnable obstacle, at least for the time being. There is a confluence of mounting bearish indications, all pointing to a likely upcoming reversal from this threshold, which means bears can try to implement contrarian trading strategies. [...]

The price of crude oil has rallied considerably over the last several months as global energy demand increased materially. Part of the reason is the slightly more hawkish rhetoric implemented by some of the most prominent central banks, which alludes to the progress that has been achieved so far in overcoming the economic crunch from last year. There have also been other more recent contributing factors [...]

The price action of gold appears to be consolidating within the boundaries of a narrow range in the short term, even though bearish pressure continues to be increasing slowly but steadily. This could create a favourable setup for implementing trend continuation strategies by bears looking to sell the peak; however, such a scenario would be subject to several key developments. The most significant [...]

Despite the solid global recovery, demand for crude oil is likely to wane by the end of the year. In turn, this transformative change in the commodity's underlying supply and demand dynamic is likely to drive its price below $50 per barrel over the same period. Part of the reason for the current rally is owing to the persisting conformity of OPEC members under the organisation's Declaration of Cooperation [...]