Crude Oil Price Reversal Emerges Ahead of April Low
The price of crude oil appears to be reversing course ahead of the monthly low ($92.93) as it extends the series of higher highs and lows from earlier this week.
The price of crude oil appears to be reversing course ahead of the monthly low ($92.93) as it extends the series of higher highs and lows from earlier this week.
Failure to defend the March low ($1890) raises the scope for a further decline in the price of gold as it trades below the 50-Day SMA ($1939) for the first time since February.
Chris and Victor talk about avoiding a “long-only” mentality, the likelihood of the Nasdaq continuing to move down and some of Chris’ long and short positions through 2022.
Meta Platforms will announce quarterly results on Wednesday after the market close. Analysts expect earnings per share of $2.58 on revenue of $28.28 billion, but numbers could disappoint.
Gold changed a lot in a week – after breaking out to 2k last week prices have already reversed to test through 1900, and bears may have more room to work.
The US stock markets are whipping around in volatile trade ahead of important Q1 earnings and the first look at US Q1 GDP and monthly inflation.
Safe haven flows boost USD towards pandemic peak. Month end may not bode well for GBP and Euro.
EUR/USD volatility may swell in the coming week ahead of US and Eurozone GDP and CPI data reports. Russo-Ukraine tensions continue to escalate as Mariupol is surrounded.
The Australian Dollar and Japanese Yen are in focus after hawkish Fed rhetoric supercharged the US Dollar last week. AUD/USD and USD/JPY’s direction may be telling for the week ahead.
The Dow Jones and S&P 500 may be at risk as retail traders continue boosting their bullish bets on Wall Street. What are key levels to watch for ahead?