Crude Oil WTI

Yesterday, WTI Crude prices hit a new post-pandemic high (though retraced a bit later in the session). The focus is now on the inventory data coming out tomorrow to see if there is likely to be another push higher. Alternatively, we…
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Tomorrow could provide some extra volatility in oil, and might even reverse the recent trend, depending on what happens. Early in the US session, we have the start of another round of negotiations around Iran's potential return to a…
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GER 30 resumes uptrend With the fear of reflation now taking a backseat, improved risk sentiment is pushing equity markets into new highs. The DAX has built a floor around 15160 following the latest rectangle consolidation. Bullish…
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The USOIL chart shows the final part of a large bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. Wave ④ is still under development at the time of writing. This is the penultimate wave in the cycle impulse c. The correction ④…
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USDJPY continues to pull back The US dollar struggles to find buyers amid dovish FOMC minutes. The pair has met stiff selling pressure near the psychological level of 111.00 from last March. An RSI divergence was an indication that…
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USDJPY extends recovery with robust jobs data Sentiment for the dollar remains upbeat as the pair bounces back to its pre-pandemic level from a year ago. The US labor market showed solid growth again in March with 916k jobs added.…
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The second quarter is shaping up to be the best time for commodities in general, even though they have already moved higher in anticipation. The US and UK are expected to fully open their economies by the summer. This will, therefore,…
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