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Commodities
Oil Market Collapse Continues
Inventories Rise Again
The latest report from the Energy Information Administration highlights the growing supply/demand imbalance affecting the crude oil market.
The EIA report showed that in the week ending March 13th, US crude stores… Read More
EURUSD: Pattern Hints at Triple Zigzag Completion
The current EURUSD structure suggests that we are near the end of a major upward impulse wave.
We see after completing the ascending cycle wave III, a decline in the correction IV initiated.
The correction wave IV structure could be a… Read More
Metals Collapse As Global Crisis Worsens
Gold
The yellow metal has reversed sharply from new highs this week, initially benefiting from the deeper collapse in risk appetite. This has seen equities and commodities prices cratering lower.
However, as the global response to the… Read More
Oil Market In Chaos
EIA Reports Further Inventories Build
Crude oil prices have remained under pressure this week in response to the latest data from the Energy Information Administration.
The data showed a further rise in US crude stores. The report… Read More
Are Commodity Pairs Doomed?
The massive fall in oil prices may have ceased trading in the equites indices but this doesn’t mean markets are doomed! Despite dragging many risk assets down with, the oil isn’t as much correlated with the aussie and kiwi now as it is with… Read More
Metals Explode on Global Central Bank Action
Gold
It’s been a bumper week for gold prices. The yellow metal has rallied strongly to nearly reverse all of last week’s losses.
Price is now well on its way to testing the current year-to-date highs of 1639.39. The rally has been… Read More
Sixth Straight Week of US Oil Inventories Gains
Inventories Rise Again
Hopes of a fuller recovery in crude prices were left flat this week as the Energy Information Administration reported a sixth-consecutive weekly gain in US crude stores. The EIA reported that in the week ending… Read More
Crude Lifted By Bullish EIA Report
Less Than Expected Inventories Build
Crude prices posted a small recovery yesterday in response to the latest report from the Energy Information Administration. The EIA reported that in the week ending February 21st, US crude stores were… Read More
Crude Holds Onto Gains Despite EIA Report
Inventories Rise, but not as High as Forecast
Crude oil prices remained supported this week on the back of the latest data from the Energy Information Administration.
The EIA reported that in the week ending February 14th, US crude… Read More
Metals Recover Losses, End Week Higher
Gold
The yellow metal has had a much quieter week in terms of volatility and has recovered from earlier weakness to end the week in the green.
The ongoing coronavirus spread has seen residual safe-haven demand for gold despite equities… Read More