Forex Investment and Currency Trading

(06/12) Crude continues to trade in the rising channel and the trend is up. There are few indications to suggest the uptrend is in trouble.
(06/05) The hold of the support area just above $120 and the subsequent bullish key day reversal today leads us to believe that the correction is over and that Crude may [...]

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Commodity and FX Bottom Line: Crude oil prices have entered in to a corrective phase based on Elliott Wave counts and valuation profiles. Supportlevels at 120.75 and 116.40 feature prominently in this scenario – with intermarket relationships suggesting that USD/CAD could extend gains to1.0238, followed by 1.0343.
Crude oil prices appear to have completed the 5th [...]

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Crude oil prices continue to set new highs despite rising inventories and signs of slowing demand growth. While physical market balances appear to be loosening, financial demand for crude oil continues to grow and, coupled with the weakness in the US dollar, is likely to provide support in the near term. The sell-off across commodities [...]

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