2021

Price action in gold remains stuck within a sideways range with the 1818 level of support holding up for the moment. The overall trend remains flat after gold price touched a new all-time high on 7th August 2020. This sideways shift…
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The recent bull run in the oil markets is slowing down with the commodity posting a flat close for two consecutive weeks now. On Friday, oil prices were testing the lower end of the sideways range between 53.77 and 51.87. This comes…
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The British pound sterling closed on Friday with losses, although price action remains firmly within the ascending price channel. The support level near 1.3500, clearly remains the major line in the sand. Further upside is likely to…
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The euro currency continued its attempts to break out from the resistance area near 1.2177 and 1.2144. However, price action closed somewhat flat, resulting in a Doji close on Friday. The Doji pattern in the resistance area could see a…
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66% Drop in Earnings Shares in IBM are trading heavily lower pre-market on Friday following a mixed set of Q4 earnings, released yesterday. While headline earnings were better than expected at $2.07 versus $1.81 forecast, EPS was still…
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GBPCHF has seen a choppy price action for the previous quarter, with a failed double top leading prices down to the 1.17 area in the back end of 2020. Since the turn of the new year, the bias has been firmly on the upside as the currency…
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Greenback Fades as Bears Take Control The US index dropped towards the 90 handle again as it closed 0.37% lower on Thursday. Joe Biden’s first day in the White House saw him overturn many of Trump’s executive orders, as America awaits…
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The crude market saw a much quieter period of trading this week. Price remained in a block of consolidation just beneath the recent highs. The weakness in the US dollar over Q4 of 2020 saw the crude market expanding over 50% to the…
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