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
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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

Crude Oil Outlook - Galvanising the Bulls

October 26, 2022 - (Gold Market Wire) - Our last look at Crude Oil was a positive outlook at the $90.50 level. We got that, and now we are consolidating the gain and getting ready to move higher. The continual SPR drawdowns are performing worse and worse. The market is strong. Once the artificial, not to mention largely ineffectual pre-election pushdown on oil ends, we are going to move higher. We now are becoming increasingly convinced that the ruminations that Saudi Arabia is going to join the BRICS nations may be the real deal. When the market wakes up to that very new reality...oil is going to have a moonshot to the upside.

five months of downside....getting ready to end.

The above chart machinations could be the 'light' at the end of the bearish tunnel. That late-September reversal looks the real deal. We have been, and continue to be in, the wildly bullish camp since that event.

Long and Strong Crude. The reasons are manifest... from war to politics to storage and especially from exploration and production, and the lack of it.

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