OIL (CRUDE/BRENT):
Oil edges higher start of the week with an "optimistic demand outlook".
- Chinese central bank says growth is back on track.
- WTI (type of crude oil) climbs above $74 a barrel
Factors of reason oil have risen:
- Investors weighed the outlook of China's demand recovery.
- Weighed outlook on the prospect of less restrictive monetary policy from...
TSLA having a massive buy presence in the premarket this morning. Could this be a sign good things are coming? I think not, over the last 5 trading sessions TSLA dropped a eye watering 21% !!!
Here are some factors of why TSLA has declined a MASSIVE 72% this year :
Inflation -> Fed tightening -> Risk-off assets looking more attractive
Elon has sold $23bn worth...
Yesterday we seen two tests of the price level 81 both times it did not break through could we see Crude Oil (cl1!) finally have a pull back after a strong bull rally for the past couple of weeks?
Leave your thoughts down below !
CRUDE OIL (CL:NMX) Tested 80 and seems to have bounced off it continuing the bull rally. If bulls still continue this momentum to the upside we should see it test 82.
Whats your thoughts on this? Please comment down below!
XAUUSD (GOLD) hows now broken a key-level 18.25 and touches 18.30, looking recent patterns we can see when gold breaks highs it tends to consolidate, so now seems the time be patience and allow XAUUSD(GOLD) to go east for 1-3 days. We could see gold retest 18-18.15 if it doesn't want to become bearish and remain bullish we could see it test 18.5 .
Gold showing weak buy presence around 1820.62 - 1824.65 could lead to possible bear rally, on the monthly chart frame it shows that in January on previous years its starts the year with a bear rally.
Furthermore gold has had a strong bull rally for a while with no significant pullback could we see this at the start of 2023?
