Crude oil, being the energy market benchmark, is being affected quite substantially by the ongoing tensions between Russia and Ukraine. The prospect of war could disrupt the global supply chains of crude oil as Russia is one of the biggest exporters of the commodity, as well as the most significant member of OPEC+, which is what is prompting the heightened demand for the commodity. [...]

As was forecasted by our last analysis of gold, the price action reached the previous swing peak at 1915.00. This is where a major bearish reversal is likely to take place, given the confluence of mounting bearish signals. That is why the underlying setup seems favourable to bears looking to implement contrarian trading strategies. Bulls, in contrast, could potentially seek to enter long on the next dip as [...]

The price of the commodity broke out above $90 per barrel last week, which represents the last major threshold before the psychological barrier at $100. This poses the question of whether soaring inflation and the tumultuous geopolitical landscape worldwide would drive the price higher, or whether it is time for a long-overdue correction? [...]

The price action of gold looks poised to climb higher in the near term after the commodity was able to recover from last week's upsurge in adverse volatility, which was prompted by the top-tier economic releases towards the end of the week. Therefore, bulls have a chance to enter at a discount by implementing trend-continuation strategies. The price action attempted to break lower following the publication [...]

The price action of crude oil is long overdue for a bearish correction, though geopolitical tensions are so far preventing it from happening. The escalating tensions near the Donbas border-region of Ukraine are high as Russia keeps on increasing its military presence on its own side of the border. The global energy market has thus been gripped for quite a while by the prospect of a Russian invasion. [...]

Gold's price action has been consolidating in a broad range for over half a year now, which is a confirmation of the very strong range-trading conditions that prevail at present. Under those conditions, bulls and bears may implement the highly effective strategy of picking the underlying range's tops and bottoms. And given that the price action is currently drawing near one of the range's extremes, bears may [...]

Earlier today, the price of the commodity rallied on the latest tribulations in the global geopolitical sphere. The escalation of tensions in Kazakhstan unnerved markets, which were already worried by the prospects of a potential Russian invasion of Ukraine. This caused an upsurge in demand for energy, thereby causing oil to rise. Nevertheless, the price action is currently probing a major resistance level [...]

The price action of gold continues to be consolidating within a broad range, which has been developing over the last several weeks. Given these very strong ranging conditions, traders may implement contrarian trading strategies, aiming to pick tops and bottoms within the boundaries of the range. Market pressures remain subdued in those early days of the new year due to low overall trading activity. [...]

The price of gold is once again consolidating within the boundaries of a massive range, entailing excellent opportunities for the implementation of range-trading strategies. Those involve picking the tops and bottoms within the established range. The consolidation is due to a mixture of conflicting news and statistics, making it impossible for neither bulls nor bears to retain control for long. On the one [...]

The price of crude oil plummeted last week after Russia proposed an increase in production at the last OPEC+ meeting, which took place on Thursday. The plunge was further bolstered by the fact that the recent fears concerning the energy crisis in Europe, which kept energy demand high for some time, have now mostly subsided. And while the risk of global supply and demand disruptions continues to pose a [...]