Crude Ready For Reversal

Crude rallied again into an interesting junction. The nearest WTI contract is probably close to an intermediate degree trend reversal. The technical, as well as behavioral evidence, hints to a nearby fade. Speculators’ sentiment rebounded and the oil industry shows elevated bullishness. There are striking similarities between the sentiment picture in early Summer 2015 and …

Crude Probably Faded

WTI crude most likely completed an intermediate degree trend reversal. Sentiment recovered along prices from the late 2018 selloff. A magnificent 36% price gain accumulated from the interim low. An A-B-C zig-zag rally unfolded during that rally. The corrective pattern probably completed already. The early March high got reached on decreasing momentum and was not …

Gold Reaching Major S/R

We have published two complimentary articles on gold on this website during the past half year. The first concluded on November 1st, 2018 that gold appears to be an attractive investment during the next few years. Subsequently, we argued that gold is likely to confirm a cyclical trend reversal and continue its rally to the upside. Our assessment …