Here’s what to expect from oil prices in the days and weeks ahead

A second straight week of gains for oil, yet the rebound barely looks like it has legs. If there’s one thing to be expected of the coronavirus, it is to expect the unexpected – and that applies to traders of all sizes and stripes. Since then, the demand story in oil has barely improved, which […]

There is no indication the gold rush will soon go away

In gold’s case, there seems to be little to stop the “Bullion Express” as the safe-haven crowd takes quite a different view of the coronavirus crisis than the risk takers in stocks and oil. After gold futures blew past the $1,650 resistance on Friday following a series of seven-year highs during the week, analysts at […]

Gold hit a fresh 7 years record

Having surpassed the key $1,600 mark, gold prices hith a seven-year high, as investors continue to shore up their positions amid the coronavirus outbreak. Advancing to $1,700 this yearIn a note Wednesday, Citi upgraded its six-to-12 month price target for gold to $1,700/oz and upgraded its 2020 base case average gold price forecast from $1,575 […]

SILVER: Tech suggests that the precious metal is about to regain its luster

Silver, Daily, our expectations: Technical comment: Silver remains in the uptrend, with short-term correction showing signs of a new uptrend. DeM has exited the resale zone, but the divergence remains valid. The 50-period SMA remains a dynamic support that has… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

Gold goes over $ 1600, fear of COVID-19 drives precious metals to new highs

If you think coronavirus fears aren’t real in the market, you’re wrong. You look at the wrong market (the stock market). Speculation that COVID-19 will have serious effects on the global economy is mounting speculation that central banks will have to interfere with more stimulus, which drives the growth of precious metal. Gold has gone […]

WTI holds over $ 51. Has the oil market reached its bottom?

Oil has remained at stable levels after the WHO quelled concerns about the sharp rise in those diagnosed with COVID-19 in Hubei. WTI holds over $ 51 a barrel. Traders initially reacted negatively to the first Hubei data. With the improvement of sentiment risk, the price was able to push back from its daily low. […]

Coronavirus Spurs Demand for Niche Raw Materials

The coronavirus outbreak originating in China that has weighed on demand for crude oil, copper and soybeans is prompting a rally in some niche commodity markets. For raw materials including thermal coal, which is burned to generate electricity, or alloys… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

Coffee: Long after correction, the effects of the coronavirus – temporary

Coffee, Daily chart. Our expectations: Technical comment: The price of coffee from December 2019 remains in the downward channel. The price has moved up after a test of two diagonal supports, and DeM remains in the resale zone and with… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]