Gold Market Wire
News, analysis and commentary for gold traders and investors
Crude Oil Update
Crude Oil Takes out The Downtrend
October 4, 2022 - (Gold Market Wire) - The inside move we spoke of in our last missive has worked higher to take out the predominant downtrend force. Save for a brief spike in late August, this line has been holding the market down since mid-June. As such, the work above the line is a considerable achievement, especially if we can close the week above it.
No doubt about it - that September 26 and 27 move was a classic reversal.