News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
***
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our market report service:
Market Info
Feature coming soon.
Thank you for your patience

Gold Market Wire

News, analysis and commentary for gold traders and investors

Crude Oil Update

Crude Oil Gaps Higher Again

March 1, 2022 - (Gold Market Wire) - Although Crude Oil has had some rather vertical intra-day spikes in the past trading week, due to the ongoing military confrontation in Ukraine, the rally is, in fact, settling in to a solid, consistent rally that is orderly in nature and prepared to go much higher. We are galvanising the energy to take on the resistance at $105, and the market looks ready to do just that.

the past two days have had significant gaps...a bull in full charge.

There can be little doubt that the Crude market is preparing to move every higher. You don't get rallies like this often, so, be long and be strong is the order of the day. We can see little reason for a change in outlook. The war in Ukraine is not about to abate any time soon, and the continued 'encumberence' of equity development, along with severe transportation disruptions are becoming semi-permanent features of this market.

Wars take oil, lots of oil, and at the same time restrict market efficiencies. That means higher prices. Retrictions on delivery systems by the "Green" lobby, who hates pipelines and the politics of Russian oil, are building in structural impediments to the free flow of crude oil. These will not end anytime soon.

< Previous articleHome pageNext article >
<- Go Back