Crude has been trending up since the beginning of February and there continues to be a strong demand fundamentally in the market.
Although we seem to have a price ceiling in the market currently around ~$79/BL, I believe that oil will continue to rise due to ongoing geopolitical influences.
Oil will continue to trade range bound but Demand Zones will...
USD showing weakness because of Fed uncertainty. Rate cuts still loom for the US because of current economic situation and sticky inflation.
AUD and NZD showing strength this week(Up trend on 2H/6H charts) Also note recent reversal at floor(0.64602)
Economic situation in China continues to evolve but seems to be favorable for AUD/NZD. AUS200 opened higher...
Based on most recent FOMC minutes, there is uncertainty going forward in regards to when rate cuts will come from the Fed. This coupled with sticky inflation presents a situation where rate cuts will eventually be necessary for the US Economy.
The Dollar remains the Reserve Currency of the world but there are strong (and rather successful) efforts from...
Huge selloff of Silver in the early market hours prior to FOMC Meeting Minutes release
Price action hit confirmed demand zone
Also confirmed by timing on DXY in Supply Zone/Strong Resistance
Commodities in general have been becoming more expensive generally(Check Commodity Indices like CRB)
