USO & BIL ETF Demand Driven by Oil Restoration, Rate Cut Odds

USO & BIL ETF Flows: The USO ETF saw increased demand as investors attempted to call the bottom in crude oil’s price Similarly, the T-Bill-tracking BIL ETF enjoys inflows amid a continued inversion of the yield curve Interested in stock trading? Read about the relationship between volatility and future returns USO & BIL ETF Demand […]

Crude Oil Recovery Stalls as OPEC+ Alliance Comes Under Scrutiny

Crude Oil Talking Points Oil pulls back from a fresh 2019-high ($57.88) even as U.S. Crude Inventories mark the biggest decline since July, but the advance from the 2018-low ($42.36) may start to unravel as the Relative Strength Index (RSI) flops ahead of overbought territory. Fundamental Forecast for Crude Oil: Neutral Developments coming out of […]

Australian Dollar Price Outlook: AUD/USD Recovery Faces First Test

The Australian Dollar rallied nearly 1.7% against the US Dollar from the monthly lows with price now targeting a major pivot zone. While the immediate advance may be vulnerable the broader picture remains constructive heading into Australian employment data later tonight. These are the updated targets and invalidation levels that matter on the AUD/USD charts. […]

Oil Risks Larger Recovery as Inverse Head-and-Shoulders Takes Shape

Oil Talking Points Oil prices remain bid even as the International Monetary Fund (IMF) reduces its global growth forecast for 2019 and 2020, and the ongoing efforts by the Organization of the Petroleum Exporting Countries (OPEC) to stabilize the energy market may spur a larger recovery in crude as an inverse head-and-shoulders formation takes shape. […]

Year-End Offsetting Fuels Wall Street Restoration, Be Mindful of More

Asia Pacific Market Open – S&P 500, US Consumer Confidence, Open Interest, US Dollar, Yen Wall Street experienced last-minute turnaround as traders unwound their shorts, boosting prices US Consumer Confidence report was dismal across the board, FX characterized by risk aversion Asia stocks may end the year another day lower, but be mindful of those […]

Gold Price Outlook: Recovery Finds Resistance at October Trendline

Gold has rallied more than 2.7% off the monthly lows with price now testing resistance at the October trendline. These are the updated targets and invalidation levels that matter on the XAU/USD charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. New to Gold Trading? Get started with this […]
Gold Price Outlook: Recovery Finds Resistance at October Trendline

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