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

News, analysis and commentary for gold traders and investors

Crude Oil Update

Is Crude Oil Ready to Resume Rally?

December 14, 2021 - (Gold Market Wire) - As Gold continues to slumber, we seek out more exciting vistas. Crude Oil is one of them.

We've had the rally and the big pullback - but are we now getting ready for the next stage higher. We consult the chart:

new trend line with 50-day mov. ave. (in blue)

Its been choppy for a while now, but we're starting to see the first elements of a recovery taking shape. The 50-day moving average has only provided a moderate way to capture direction - but right now it's our first hurdle to clear.

same chart as above.

Right now we're sandwiched between the two indicators, but we're running out of room. We still feel the trade should be from the long side, and we are willing to put a toe in the water.

...sure beats watching Gold do nothing all day - day after day. We are loathe to "look for action" in markets, but when one instrument completely flat lines, you have to move on.

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