News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Crude Oil Update

Brent in The Box

July 20, 2022 - (Gold Market Wire) - Brent is 'caught in the box' right now, and the parameters are fairly clear. With the wash-out last Thursday we'd have to say that short-term trading should come from the long side. There is simply too much signal to try shorting. War, Inflation and possible war with Iran - Cushing crude builds notwithstanding.

The Stall Set Out:

Eleven closes inside the box.

That's about it for now. The next break should take us significantly higher, but, naturally, the price of that may be another wash our first, so some caution needs to be maintained.

In addition to the box formation, and given that the power down-trend has now been cleared let's keep the following in mind:

...main down-trend
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