Jonas Kvistfors

i say stable until wednsday and will depend on FED decision on rates. only reason oil would drop further imminently would be if there is further contagion in the banking system and/or some shock revision to global growth outlook being published

i would target 76 rather... but yeah

"There's a strong possibility of a technical spring from the current lows. If it doesn't happen right away, it could upon reaching the support areas of $62 and $58.90. We have initial rebound targets at $69.20 and $71.50. We believe a technical rebound will start either from current lows of $65, as WTI has already tested the 200-week SMA of $66.18."

good point ... could easily reverse following this consolidation - since it doesn't seem rto want to fall and overall markets are green

the 5H is facing some ugly resistance now

it could..... if this bank thing spreads further gold could skyrocket like bitcoin.....

the lower low is spooky though... but yeah let's go for 75

binary you say ? 🤔

haha... 4 months later :)

we could move up now to have a tripple bottom in an upward sloping channel-floor .....

you are right joe, but i thing most bulls will have closed their most painful positions already

perfect take so far... now for the test and the rebound

gonna fail

with the options expiration today we might see som bears closing positions in energy equities ?!

but they still have 300 mio barrels in there

the spr game is now psychological... wehy wont they fill?? are they expecting more ds ??? asks the market...

not sure about the refill though

higher-low and up we go

with that ... we could see 77 - 78

i think the markets will rally this afternoon on percieved ease of risk

what do you suppose an ecb 50 bp will do to gold ? risk off spike ? how about 25 bp? risk on crash ?

ah.. sorry bout that mate

chill... this time could be different ;)

but markets could rally on the ease of worries

 you may be right.... you may be right....