Crude Oil ( CL ) Bulls should try defend 50, longs in playHi Traders,
All detaisl like entry, stop and target recorded
Enjoy and Good Luck
EIA
ORBEX: Gold & Oil Sensitive to Trade Deal Text!Gold’s recent muted performance has been owed to missing trade deal details!
With the text likely to surface some time today or overnight following the official sign-off, market participants will see exactly what’s been agreed and whether this makes a good case for a buy or a sell.
Oil’s decline, however, has been owed to inventories build! Will the EIA save the day? Or are we going to see trade details taking charge of this market too?
Timestamps
XAUUSD 4H 02:20
WTI 4H 05:00
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: Tradewar Sentiment Reverse! What's Next for Gold and Oil?In today’s marketinsights I talk about how the latest trade war and API developments affected the prices on gold and oil.
Watch as I identify certain #elliottwave patterns that can’t go unmissed ahead of today’s FOMC minutes and EIA’s WTI report!
XAUUSD is still expected to turn lower after the completion of this subminute correction, whereas US Oil, could correct slightly before sliding lower.
ORBEX: Risk Sentiment Up On Trade Negotiations Impasse In today’s #marketinsights video recording, I talk about #crude #oil and #gold.
WTI moved higher yesterday on a surprise #API draw, whereas gold, although would be expected to move down against oil, also moved up on the back of the latest trade negotiations impasse.
With the market's appetite shifting to rollbacks but not getting the response they want from the US, gold could move a tad higher. But technicals see the upside limited to a correction.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: OIL, GOLD - Affected by "Meaningless" Vote, ISIS Attack?In today’s #marketinsights video recording I analyse #Crude #Oil and #Gold!
Despite #wti should be under pressure on the last #API build, #Brexit, #US-Sino and oil field attacks by ISIS held the commodity upbeat!
Meanwhile, in UK politics the "meaningful" vote took a U-turn to what I like to call "meaningless" vote as parliamentarians did indeed approve #BoJo's plan, but rejected his deadline! And that, of course, keeps gold bulls quiet.
Where is this going to end is unknown, but MPs are likely to go ahead with a short extension should the EC grants one. The unanswered questions is if Borris goes ahead with a general election?
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
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