Gold set for short-term rally
Gold is set for a short-term rally although the longer-term outlook remains uncertain, according to Tony Sycamore at TechFX Traders.
Commodities & Energy
Crude breaks below key support
WTI crude oil broke below key support on Thursday paving the way for further declines, says Sejul Gokal at Go-Technikal Insight.
Soybean compression
The trading range for Soybeans has shrunk to an extreme low and James Dima, technical analyst at Marex Spectron, thinks this means that a large move is pending.
Copper at long-term resistance
A month-end close above 6,546 would be very bullish for Copper, says James Dima, technical analyst at Marex Spectron.
Bullish crossover for Soybeans
A bullish long-term signal occurred for Soybeans last week, according to James Dima, technical analyst at Marex Spectron.
Decline in risk appetite fuels Gold
Global investor confidence underwent “a warp-speed deterioration” in January, according to Kenneth Froot at State Street Associates.
Bullish signal for Coffee
A bullish medium-term signal has been triggered for Coffee, according to James Dima, technical analyst at Marex Spectron.
Large move pending for Gold
Gold has resolved an important triangulation pattern to the downside, according to Sejul Gokal, Chief Technical Strategist at GO-TechniKAL Insight.
Copper on the move
The trading range for copper has shrunk to historically low levels and James Dima, technical analyst at Marex Spectron, thinks this means that a large move is pending.
Bullish signal for crude
James Dima, technical analyst at Marex Spectron, compares today’s crude market with that of 2012 and finds good reason to think a significant recovery will unfold.