2021

As expected, the results of the Georgia runoff and special election for two seats in the Senate were not quickly available. Both races ended within the margin that allows for candidates to call for a recount. But, the results are…
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The current BABA structure shows the formation of a bullish impulse V of a cycle degree. Primary sub-waves ①-②-③-④-⑤ make up the said impulse. Impulse wave ③ is complete and the construction of a horizontal correction wave has begun ④.…
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Crude oil prices have started 2021 on a strong footing with prices surging higher in response to a firmly bullish report from the Energy Information Administration. Inventories  Drop The EIA reported that in the week ending Friday,…
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USDZAR recently witnessed a breakout from the long-term descending channel that engulfed prices for most of Q4. Multi-month lows ensued for the currency pair until a break away from the mean saw a break in the top channel. The move past…
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DXY Hits Multi-Year Lows The US Index was virtually unchanged yesterday after initially dropping to multi-year lows during the trading session. Yesterday, the Democratic Party officially won control of the Senate, and of Congress…
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The precious metal once again failed to breakout above the key 1950 level of resistance. Following the failure, gold prices lost close to 2.30% intraday. The declines push gold prices back to the key support level near the 1900 - 1911…
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WTI crude oil touched $50.00 a barrel on Wednesday in the early Asian session. The gains came after the OPEC+ meeting saw Saudi Arabia cutting oil output by one million barrels per day. The rise to $50.00 marks the first time testing…
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The British pound sterling is seen giving back the gains made on Tuesday. This puts price action to trade rather flat but increases the downside bias. On the short term charts, the formation of a lower high indicates that the pound…
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