Gold declines into weak area as downside volatility expands
Gold declines, and the dollar finds a bid as market participants prepare for Fed front-loading.
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Gold declines, and the dollar finds a bid as market participants prepare for Fed front-loading.
There is an excess demand for oil, which is likely to support price.
The commodity extends Tuesday’s gains, trying to stop its two-week decline, as we see an escalation in rhetoric from Russia and the West
The International Energy Agency (IEA) announced yesterday new releases from the member countries’ reserves, while markets continue to monitor the Covid-19 situation in China
The EU Commission proposed new sanctions against Russia yesterday, which do not include an oil ban, helping USOIL after Tuesday’s drop
Gold is upbeat after last week’s losses, as investors appear edgy due to the situation in Ukraine and talk of new European sanctions against Russia
US President Biden announced yesterday a new release of oil from the country’s strategic reserves and USOil begins the second quarter on the back foot
Gold completes swing low. Averages looking to confirm.
The left chart shows the daily heikin ashi (HA) candles for USOil. A trend-following indicator, it is blue and crossing into USOil's bullish area, between the upper blue and red bands. The hourly chart on the right has bullish signals. The EMAs have crossed positively, and the stochastic has turned up (black ellipses). If the EMAs develop angle and separation to the upside, and the stochastic moves toward the 80+…
Gold comes from its worst week of the year, but finds some support during the current one, as markets are edgy, monitoring various risk factors
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