Gold reported 1% growth on a daily basis and over 6% on a weekly basis

Gold reported its best closing since 2013, but over 6% is the growth for this week, which even outpaces that of February 2016 and October 2011 – two of the most distinctive weekly performances in recent commodity history. Gold rose 1% today, closing at $ 1,690. In the combination between the Treasury’s yield cap and […]

Have the banks and hedge funds knocked down oil prices?

It has been speculated that Wall Street strategists seeking to reduce their exposure to cheaper oil have increased sales. Within 19 days in January, oil fell by 20% from its recent peak. The fastest depreciation since 2016. Analysts blame the… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

Current position: Short GOLD after key level test and sentiment risk improvement

GOLD, weekly, our expectations: Technical comment: On a weekly basis, we have the conditions to open short positions in gold. The price is in the zone of strong resistance, 9th according to Sequential indicator, test of 61.8 Fibonacci and gold… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

Dr.Copper – Bottom formation or a temporary correction?

Fear of coronavirus is still weighing on markets. Let’s compare the decline of Asian Weighted Index and resources. Resource depletion is much faster and deeper. The actual damage to them is much higher than the shares. However, looking at the… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

Dr.Copper and the effects of coronavirus on the industrial metal

It is now time to reflect on what the markets are appreciating. Do they not appreciate too aggressively a sense of fear in the situation? In this case, there is reason to think of a deeper correction. They are more or less close to their old ones or to record new records as news of […]

JBC Energy: Very high’ chance of oil falling toward $40 if Iran sees regime change

Oil prices could plummet toward $40 per barrel if the Iranian regime collapses, according to the chairman of an energy research institute. Johannes Benigni, chairman of JBC Energy, made the comments amid continuing unrest in Iran. Demonstrations have continued for three days since, following the government’s announcement that its military was responsible for shooting down […]

China’s virus and weak oil demand drive “black gold” to 7-week low

Oil has reached a 7-week low after concerns over the deadly virus swarming in China, and that the situation will lead to lower demand for raw materials. In addition to the already lacking strong demand for oil. With the rise of the victims of the virus, the price of oil has fallen by more than […]

Libyan military opposition has stopped oil exports at 800,000 barrels per day

Libyan commander Khalifa Haftar has blocked oil exports from ports under his control. Exports are 800,000 barrels per day, currently suspended. The move was launched to show strength ahead of a conference in Berlin with the Tripoli government organized by Angela Merkel. At this point, the commander refuses to stop his offensive and agree to […]

Positive trade sentiment gives a boost to the price of oil

The WTI pushed off a key zone, and after recording a new low for the day, the price rebounded by nearly $ 1.10, leaving it in positive territory. BRENT remains within the range of about $ 1. With the sentiment of the already dwindling trade war (for now) improving, China has announced it will start […]