Browsing Tag

commodities

WTI Crude oil attempts to retest resistance

Orbex Apr 24, 2020 273 0

Crude oil prices are posting a modest rebound after slipping into a range. Price action is now trading within the 18.95 and 11.85 levels. However, further gains will come only on a breakout from this range. A strong close above the…
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Technical Analysis

XAUUSD: Will Gold Break The $1800 Resistance?

Roman Onegin Apr 23, 2020 1,297 0

The current XAUUSD structure suggests that we are near the end of the cycle-degree impulse that consists of sub-waves I-II-III-IV-V. Wave V of the 5-wave impulse consists of primary sub-waves ①-②-③-④-⑤. It is also an impulse. After…
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Fundamental Analysis

Global Stocks UP!

Stavros Tousios Apr 6, 2020 336 0

Global equities started the week off on good footing following Europe's signal on easing lockdown measures. SP500 rose along with other world indices, however, the UK's FTSE was boosted further on a weaker pound. The British currency had a…
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Technical Analysis

EURUSD: Pattern Hints at Triple Zigzag Completion

Roman Onegin Mar 17, 2020 417 0

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…
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Technical Analysis

Are Commodity Pairs Doomed?

Stavros Tousios Mar 10, 2020 266 0

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…
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Technical Analysis

EIA Reverses Geo-Related Losses

Stavros Tousios Sep 6, 2019 994 0

US oil started the week on bad footing on the back of China's 5% tariff on US crude. The Chinese initiated the first round of tariffs on September 1st and plan to begin the second batch on December 15. With the US stepping up their game…
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Technical Analysis

Precious Metals Soar On Poor Data

Stavros Tousios Sep 5, 2019 498 1

Both gold and silver are continuing to soar this week. Today's losses are owed partially to profit-taking, and partially to headlines that the US and China are going to meet for further talks in October. Safe-haven demand for precious…
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Why Trade Oil & Gold CFDs Together

Daniel John Grady Jul 12, 2019 4,212 0

Depending on who you ask, gold and oil are the two most traded commodity CFDs in the forex markets. The debate about gold trading and oil trading isn’t over how important they are, but rather about whether gold is a currency or a commodity.…
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Fundamental Analysis

Precious Metals Break to Fresh Highs

Stavros Tousios Jun 21, 2019 1,483 0

Gold Bulls React to Policy Guidance and Geopolitical risks Gold climbed above $1,400/oz today, perhaps for a false weekly break. It set up for the fourth weekly winning streak on the back of a dovish Fed and increasing geopolitical risks.…
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Technical Analysis

Crude Remains Under Pressure Following API, EIA

Stavros Tousios Jun 13, 2019 1,204 0

US Oil Inventories Continue Rising Crude oil prices fell again on Wednesday on weak demand and lingering fears of an economic slowdown, the Energy Information Administration reported for the week ending June 7. US inventories continued…
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