News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Brent Crude Oil Closes in on $90 per Barrel
Brent Crude Oil Closes in on $90 per Barrel
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US and British Embassy Staff Begin Leaving Ukraine as Tensions Mount
US and British Embassy Staff Begin Leaving Ukraine as Tensions Mount
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US CPI Increases to 7% Year-on-Year in December; Up from 6.8% Year-on-Year in November
US CPI Increases to 7% Year-on-Year in December; Up from 6.8% Year-on-Year in November
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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 ***
*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Crude Oil Update

Crude Oil Rally Prepares for Next Leg Higher

January 7, 2021 - (Gold Market Wire) - Crude Oil is preparing the next step in its recent rally, and as we head into a Friday close, no one in their right mind is going to go home short over the weekend. Not with everything going on in the world. That leaves the Longs and the Sidelines as the only real players in the trading arena... which means - more upside. Right now the market looks ready to take the next step up.

...and without the annoying arrows...

crude remains very strong.

And just to give the 'trading tenor', we include a (not often used by us) Hourly Chart...which, given the minute by minute circumstances of the unfolding geo-political situations around the world, is warrented:

our hourly channel.

The global energy complex is now beset by a geo-political crisis of the first order. Kazakhstan, Ukraine and a western world ensconced in "Covid-Crisis". It doesn;t get much more ominous. There is nowhere to be but long.

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