Commodities

Gold forecast March 13 2022

Is a gold top now in place?

Is a gold top now in place? The timing is certainly perfectly in line with our 2022 forecast and the price of gold is right between the lower and upper entry zones which we forecast several months ago. Last week gold came within 20 points of our higher short entry zone and whilst we do have some concerns that our initial short entry zone was penetrated with ease, timing is… Read More »Is a gold top now in place?

Gold February 24 2022

Gold Price Forecast for 2022 – Update February 2022

Our gold price forecast for the first couple of months in 2022 has held up very well. As expected we saw a small retracement – although it was a little shallower followed by a move up to our potential short entry zone. As at the time of writing (11 am GMT) gold has penetrated our short entry zone close to the average time we would have expected this to be… Read More »Gold Price Forecast for 2022 – Update February 2022

Gold Price Forecast for 2022

Gold Price Forecast for 2022

It’s that time of year again where we attempt to forecast the price of gold for the next calendar year. Essentially there is no major change in our view on gold – we think it has a long way to fall and this fall should begin to take shape well before the middle of 2022. However, before then, there could be an imminent opportunity to go long. Support for gold… Read More »Gold Price Forecast for 2022

Brent Oil Forecast 2022

Brent Oil: Is the bottom in place?

Is the bottom in place for brent oil and if it is, what is the upside? We’ve made good profit from Brent Oil in the last 2 months because we understood the trend and we managed our risk accordingly. Things are now not so clear as the last spike down broke some key trend lines and the current move up is now slightly higher and faster than expected. So where… Read More »Brent Oil: Is the bottom in place?

Brent Oil Chart December 5 2021

Brent Oil still looking like it will fall further

Last week we said that Brent Oil looks like it will fall further – it has but we still think it has further to go. Key levels and trend lines have now been broken which means that there is opportunity for Brent Oil to fall lower and bounce off one of two long term trend lines. With this in mind we believe there will be a potential short entry this… Read More »Brent Oil still looking like it will fall further

Brent November 26 2021

Rally fails on Brent Oil. Could be more downside to come.

The rally has failed on Brent oil. Many commentators are blaming the movements on the new Covid variant but the rally was breaking down well before then. We exited our long trade at $79.8 and we now have 2 targets which we are considering for long entries in December 2021. One target is at around $70.8 near the middle of December and the other around $68.2 just after Christmas. Over… Read More »Rally fails on Brent Oil. Could be more downside to come.

Gold November 25 2021

Gold finds support – but bounce not convincing

Gold has found support on our trend line but the bounce is not convincing. We are very concerned that gold penetrated our dotted green line with ease. Our previous trade on gold, where we were stopped out, expected one last thrust up near the end of November/ early December. We still believe the timing of this is correct but our view is that the “thrust up” will be a corrective… Read More »Gold finds support – but bounce not convincing

Brent November 23 2021

Brent Oil powers up despite doom and gloom

Brent Oil has surged $4 in less than 2 days putting our long trade well into profit and enabling us to adjust our stop to prevent losses. The next hurdle for Brent cure oil is on an unconfirmed trend line – currently around $85. A good stab at this leaves $90 in reaching distance but if it begins to misbehave we might leave this trade earlier. Disclaimer The content on… Read More »Brent Oil powers up despite doom and gloom

Gold November 22 2021

Gold Price Falls: Gold Outlook November 22 2021

The Gold price has fallen as forecast and has also hit our long entry zone – hard! To get the risk/ reward ratio we are looking for we have to place our stop at 1793 which is also in line with one of our confirmed trend lines. A breach of this will possibly take gold down to 1776. Disclaimer The content on this site including products sold in our store… Read More »Gold Price Falls: Gold Outlook November 22 2021

Brent November 19 2021

Brent Oil at key trend Support

Brent oil is at a key support and a key trend line which gives us a compelling opportunity to go long. This is “low risk” but certainly not NO RISK as a secondary support line comes into play under $76.0. We have entered the market long at 78.4 and have a stop in place at $75.4. If the market falls to $76 and makes a good bounce we will likely… Read More »Brent Oil at key trend Support