The price action of gold is currently drawing near the lower limit of the massive consolidation range that was outlined in our previous analysis of the commodity. Given the underlying range-trading environment, bulls can try to take advantage of this by going long on the expectations for another rebound. Bearish pressure was bolstered over the last few days as headline inflation in the U.S. and Europe is [...]

At its recent meeting, OPEC tried to sound optimistic about the near future of the energy market. However, the minutes from the 20th Ministerial Meeting of OPEC left many uncertainties. OPEC expects to see persistently high demand by the end of the year, which does not reflect the latest economic developments globally. Labour market conditions in the U.S. have worsened last month and the spread of the [...]

The price action of gold managed to penetrate above the psychologically significant resistance level at 1800.00 towards the end of last week's trading session. It remains to be seen whether the price action would manage to remain above this crucial threshold or a potential reversal would signal the beginning of a new downtrend. The reason for the bullish spike above this make-it-or-break-it point were FED [...]

The price of crude oil rebounded abruptly from the historically significant support level at 61.90 yesterday, which indicated the beginning of a new pullback. However, as it is about to be seen below, the price action also demonstrates signs of mounting bearish commitment in the short term, which bears could use to their advantage. The snap rebound was prompted by the weakening of the U.S. dollar from the [...]

The price of gold has managed to recover most of the massive losses that were incurred at the beginning of the week, prompted by the expectations for FED tapering sooner than initially projected. Yet, this pullback is still a far cry from a healthy rally and more of a seesaw backswing. The selling opportunity on the commodity is still very much present, especially given the renewed strengthening of the [...]

Bearish pressure continues to weigh down heavily on the energy market. Still, the behaviour of crude oil's price action in the short term is demonstrating early signs of a probable bullish pullback currently in the making. The monetary policy minutes from BOE's August meeting underscored the expectations of the Policy Committee (MPC) for stable recovery over the next several months, despite the fallout [...]

The price of the commodity appears to be consolidating near the bottom portion of a recent correction before the broader uptrend can be continued. Even though this represents a preliminary stage in the establishment of an eventual uptrend, bulls should not rush to join the market at all costs. Presently, all eyes are focused on the earnings season in the U.S. The robust performance by Big Tech, especially [...]

The price of crude oil has been depreciating over the past few weeks as global energy demand subsided a little bit. This process was bolstered following the last FED meeting. Even though the current underlying sentiment is prevailingly bearish, it is unlikely for crude oil to develop a major bearish trend. Instead, the price of the commodity is likely to consolidate around the next Fibonacci support [...]

The price of gold has been consolidating over the past few weeks after having established a major bearish dropdown. This interim consolidation now seems to imply that the correction has already bottomed out, which, if true, would mean that bulls can once again trade on the expectations for the continuation of the broader uptrend. These expectations for sustained price appreciation are rooted in the fact [...]

The price of crude oil has been advancing in a very strong uptrend over the past couple of weeks. The rally was influenced by robust energy demand globally as economies continue to reopen and economic activity picks up. This pick-up in aggregate activity continues to be dependent on the vaccine rollout and future progression of the pandemic. [...]