omicron

The price of oil has stabilised at $93 per barrel for WTI and $95 for Brent, after falling by more than a quarter from March 8th. Buyers’ support came on a correction to levels at the beginning of this month, completely cutting off the speculative upside due to events in Europe and fears of a supply stoppage.

Due to correction over the past week, the price has returned to the uptrend support line formed in December. The market is pricing as if there was no military conflict in Europe and fears of a total oil shortage due to the embargo on Russian oil. Initially, this uptrend had formed on evidence that the omicron strain wave was not followed by lockdowns, so demand continues to rise gradually.

Interestingly, neither a 350% increase in the price per barrel in precisely two years, a 17% fall in commercial reserves over one year, nor the need to compensate for oil from Russia contributes to US production growth.

US average daily production has held steady at 11.6m b/d for the last s

The Telegraph Publishes Misleading Story about Omicron

The Telegraph Publishes Misleading Story about Omicron

David Haggith David Haggith 17.12.2021 12:11
https://thegreatrecession.info/blog/the-telegraph-publishes-misleading-story-about-omicron/ In what appears to be an intentionally misleading story about the severity of the Omicron variant of COVID (and, therefore, a prime example of how the mainstream media slant stories to coincide with politically correct narratives), The Telegraph published a story slanted with the fireworks necessary to blow up Omicron’s danger. I have to note it because it exemplifies how hard it is it get truth from today’s journalism. The story states, David Marcozzi, the covid-19 incident commander for the University of Maryland Medical System, said the 12 hospitals in the system have experienced a 187% increase in covid-19 patients in the past four weeks and “are only beginning to feel the impact of the omicron variant.” The Telegraph It seems to me the intention there is to imply “Omicron is the reason we are seeing a 187% increase in COVID-19 patients, and that is just beginning of the impact of Omicron!” Woo! We should be really concerned about Omicron. In point of fact, however, the true information is glossed over quickly early in the story, which is about hospitals in Maryland becoming overcrowded by COVID. The only actual fact given about Omicron is that… The new omicron variant has been found in all three jurisdictions, with 10 cases confirmed in Maryland. Given that two of the first nations to be hit by the new Omicron wave have both reported they have seen ZERO hospitalizations from Omicron cases (and zero deaths), it would appear extremely unlikely that ANY of the 187% statewide increase in hospitalized Covid cases in Maryland has anything to do with Omicron. Whether The Telegraph INTENDED to imply a connection, I can’t say for sure, but I think placing the sudden rise in hospitalized cases in direct context with the advent of Omicron in the US certainly plants the thought in the average reader’s mind that this new wave is just the beginning of what Omicron is going to do to us! Oh my! In fact, it mostly likely has nothing whatsoever to do with Omicron. The overcrowding is far more likely to be a Delta wave due to holiday travels, as was fully anticipated with government warnings before Omicron was even discovered. I stay by my original article, which stated that the actual evidence SO FAR leans toward Omicron being a mild enough form of COVID to where it could provide the herd immunity we were told is essential from the beginning of all of this. So far, the vast majority of Omicron cases have been reported to be about equal to the common cold or flu. I’m not suggesting you run out and get Omicron as a form of vaccination, but I am sicker of the mass hysteria than I ever was sick from the Delta variant of COVID. I am also not saying Delta isn’t serious, as I’ve had family members who got sicker than I did, but let’s not operate in a fact-free world where nearly 100% of the mainstream media tries its best to scare people about Omicron as the great new menace when it may, in fact, be a case of the disease doing exactly what illnesses like this sometimes do — mutate to LESS SEVERE forms that come to dominate because less severe forms don’t kill their hosts and are, therefore, much more reproductive, giving them an evolutionary advantage. They spread faster and wider while providing enhanced immunity to any subsequent infection by the more deadly versions of the virus.   Fed up with med-up stories Naturally, the dug companies and government officials, corporately linked at the hip by their pocket books, as well as some “health-care” officials — such as the nefarious Dr. Fauci, who is heavily invested in, at least, one of the pharmaceutical companies producing COVID medications — want you to to think Omicron is EXACTLY the reason you must rush out and get the booster they are now advocating. The various governments of this world will pay those companies BILLIONS of dollars for the booster shots now being advocated by Fauci, et. al., for Omicron protection. (That is my only economic tie-in for this blog; but, at such a high price tag, funded by government debt, it’s a worthy tie). Watch for this kind of scare-tactic slanting of stories everywhere, and challenge them where you can. Omicron is likely a bigger threat to Big Pharma than it is to human beings unless the big boys can spin it due to its high contagion into being the new monster that will kill you. (Again, it is too early to say for sure that Omicron is not going to be a major health threat or that it will deliver herd immunity, but the two nations with, by far, the biggest outbreaks — South Africa and Norway — have reported it is the most benign from of COVID to date. I think the UK reported ONE Omicron-related death, but they get far more deaths than that every month from common flu viruses that hit the old and infirm extra hard.) Without a doubt, the Biden Mandates are an even bigger threat to humanity, forcing those who have natural immunity because they’ve had COVID to get vaccinated or lose their livelihoods, impoverishing their families (perhaps for good if the death narrative continues as is being seen already with Omicron). Omicron is already being used as an excuse (?) in Norway and Denmark for severely tightening down on personal liberties. If, in fact, we FOLLOW THE SCIENCE and not the fear, what we ACTUALLY know about Omicron says there should be no tightening down at all for Omicron since we do not ever tighten down on human liberties for the cold and flu season, and we have no scientific rationale for believing Omicron is any worse than the flu. Any excuse will do, however, for leveraging a virus to eliminate your liberties. Fear works wonders for controlling people who weakly sacrifice freedom for safety. So, sure, be careful because it’s too early to know for sure what Omicron brings. I’m not suggesting everyone throw caution to the wind, but the SCIENCE says it does not appear all that bad so far and it could deliver true herd immunity. Having recovered easily from Delta so that my natural immunity has been boosted, I don’t fear Omicron. I may be wrong and may pay for it, but I Iook at getting Omicron as my own natural booster to my naturally enhanced immunity, which already performed very well when hit with the more apparently dangerous Delta. We do not know if Omicron will provide stronger immunity than the vaccines or for certain that it is safer than other strains, BUT we DO know that the vaccines deliver far WEAKER immunity toward Omicron than toward other strains of COVID-19, and we equally do not know what the longterm risks of the vaccines are. The latter could prove in the end to be the worst. It’s quite possible that immunity gained though Omicron could outdo the vaccines and render them obsolete. Don’t expect the “science” community to be too quick to tell you that, however, since most of those scientists are paid handsomely by medical corporations that have profited massively off COVID or by governments that are heavily lobbied by those corporations. Scientists are also every bit as prone to group-think and pier pressure as any human beings. Don’t expect the mainstream media to look between the lines of government and corporate reports and sniff out any discrepancies as I just did above or drill in with any questions. They are either too lazy to investigate, too dim to see through the fog, too liberal to question the Biden administration, too easily swayed by credentials over thought, or too intimately in bed with big corporate interests to speak against them. Do not expect the Twit to allow you to link to this article or Faceblock or expect darkly tinted Goggles to allow it to show in search-engine results. I’ve already had two major publishers with millions of readers directly tell me to stop writing articles on COVID that disagree with the Fauci view after they had publishing several of my articles on COVID. One of them said it was because Google seriously downgraded their site due to such articles. And I try to be pretty objective about the risks that I believe are real (and am often criticized for that) and the hype and about potentially misleading articles like the one just referenced from The Telegraph, as you can hear in the interview I’ll link to in the final line of this article: This is a battle for objective truth, constitutional liberties, including freedom of speech and freedom from despotic dictates, and just the basic human right to earn a living, which I have been stripped of by Washington State mandates, in order to feed one’s family.
Dollar‘s Warning Signal

Dollar‘s Warning Signal

Monica Kingsley Monica Kingsley 20.12.2021 15:57
S&P 500 fading the FOMC rally went a bit too far – credit markets aren‘t panicking, so I doubt a fresh lasting downtrend is starting here. Chop, yes – the 4,720 area is proving a tough nut to crack, but it would be overcome. If there are two arguments in favor, it‘s the financials and HYG – the likely rebound in the former, and Friday‘s resilience in the latter. Given that Thursday‘s spurt to 4,750 evaporated so fast, I‘m not looking for a stellar year end. Positive given where we‘re trading currently, sure. Markets are now grappling with faster Fed tapering (which has opened the way to a rate hike in Q2 2022), getting slowly more afraid of fresh corona restrictions, and dealing with inflation that‘s not going anywhere. Outpacing wage growth, with real yields being deeply negative (no, 10-year Treasury yield at even 2% doesn‘t cut it – that‘s my 2022 target, by the way), the administration would be hard pressed in the year of midterms to counter the corrosive inflation effects on poll numbers. And the Fed expects to keep tightening when the real economy is already suffering from contracting liquidity as seen also in strengthening dollar? The central bank will have a hard time taming inflation, and in my view won‘t succeed – the persistently high inflation rates are going to be with us for years to come, and outpacing wages. Corona response is another uncertainty, and given the APT performance, the odds of seeing economic activity (just at a time when supply chains would need to keep working off prior setbacks) restricted, have increased. Similar to the recent high PPI reading, this is one more argument for why inflation isn‘t receding in the short run – not when demand isn‘t likewise being destroyed. As if consumer sentiment weren‘t struggling already... Still, equities are poised to extend gains in 2022, and I‘m looking for a volatile but positive year. 5,200 in Dec 2022 isn‘t out of the question – with large cap tech, financials and energy doing particularly fine. Real rates would remain negative, and precious metals would love the Fed slamming on the tightening breaks, and bringing back the punch bowl somewhat. If you look at the flattening yield curve, it‘s clear evidence of market fears (I call that certainty as that‘s what they excel at – the 1995 soft landing was a notable exception) of the Fed overdoing the tapering & rate hikes. Given all the inflation still ahead, and the expected fiscal-monetary policies working against each other (yes, more handouts), commodities would have another great year. So much for the big picture 2022 predictions. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook S&P 500 on the defensive, but the bullish case isn‘t lost. Some sideways trading of today‘s volatility is likely to preceed the upswing – we aren‘t rolling over to a 5-10% correction now. Credit Markets HYG retreat could have been a lot worse, and it‘s a good sign bonds aren‘t panicking. Just the junk ones would need to outperform the quality ones to drive a good stock market day. For now, bonds remains on guard. Gold, Silver and Miners Precious metals decided to make a measured upswing – this isn‘t a real reversal. Pressure to go higher is building up, and rates rising a little before the Fed moves, won‘t cut it. When liquidity conditions and corona fears ease a little, look for a much steeper upswing. Crude Oil Crude oil is trapped in the omicron uncertainty – quite resilient, which is a testament to the overwhelming pressure for prices to keep rising. Waiting for some fears to be removed before the fundamentals sink in again. Copper Copper is leaning to the bullish side of the spectrum – it certainly isn‘t disappointing. The low volume hints at little willingness to sell – an attempt to spike shouldn‘t be surprising next. Bitcoin and Ethereum Bitcoin and Ethereum weakness today is there, mirroring commodities – but the decline isn‘t in the disastrous category. Wait and see with a whiff of preliminary caution – that‘s all. Summary S&P 500 and oil are feeling the omicron response pinch – the worries boosted by Netherlands lockdown Sunday. Corona remains the wildcard, and markets are ignoring its relatively mild symptoms while focusing on case count. Tech is likely to do better than most of value while yields aren‘t pressured to rise fast. For a moment, inflation is receding from the spotlight, but I‘m looking for it to come back. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.
Moderna Inc Stock Price and Forecast: MRNA says its booster dose appears to protect against omicron

Moderna Inc Stock Price and Forecast: MRNA says its booster dose appears to protect against omicron

FXStreet News FXStreet News 20.12.2021 16:10
Moderna (MRNA) says a booster dose of its vaccine appears to protect against omicron. Moderna (MRNA) shares boosted themselves, up 7% premarket. Moderna (MRNA) stock has reversed the post-earnings slide. Moderna (MRNA) is back to pre-earnings levels as the emergence of the omicron variant and its effect flows through to multiple vaccine makers. Booster rollouts are ongoing globally and the spread of the new variant is causing new restrictions to be put in place in many European countries. Moderna shares have now retraced back to where they were on November 4, just before a disappointing earnings release. Now, this next phase will be crucial. Can traders push Moderna (MRNA) higher or will longer-term investors hold sway and take a second opportunity for more selling. Moderna (MRNA) stock news The White House has chimed in on the latest covid news as it struggles to cope with the omicron variant. It released an unusually strong statement on Friday urging continued vaccination. "Our vaccines work against Omicron, especially for people who get booster shots when they are eligible. If you are vaccinated, you could test positive. But if you do get COVID, your case will likely be asymptomatic or mild. We are intent on not letting Omicron disrupt work and school for the vaccinated. You’ve done the right thing, and we will get through this. For the unvaccinated, you’re looking at a winter of severe illness and death for yourselves, your families, and the hospitals you may soon overwhelm. So, our message to every American is clear: There is action you can take to protect yourself and your family. Wear a mask in public indoor settings. Get vaccinated, get your kids vaccinated, and get a booster shot when you’re eligible". Here is the link for you to verify the statement. Moderna (MRNA) this morning announced that its authorized booster shot increases omicron neutralizing antibodies approximately 37 fold. The Centre for Disease Control (CDC) had on Friday backed mRNA vaccines over JNJ. Also on Friday Bloomberg reported that researchers from the University of Washington and Humbas Biomed produced results from a study showing limited antibody response against omicron from Sinopharm, Sputnik and JNJ covid vaccines. The study is pre-print and not peer-reviewed. Moderna (MRNA) stock forecast The emergence of omicron had already stabilized losses in Moderna (MRNA) stock and resulted in a higher high on November 29 and a lower low on December 10. The news of this booster effectiveness will see more gains for MRNA shares. November 29 resistance at $376 will be the first target. But in reality, this zone from $320 to $350 (highlighted below) is a resistance zone with decent volume. The spike high in late November was just when news of omicron began to surface and investors rushed back to covid vaccine stocks. Equity markets then began to discount its effect and MRNA slid back. But crucially it set a higher low. We expect further gains here. The RSI has plenty of room to run and yet to signal a significant move. The MACD had already crossed bullishly so more is expected. Breaking above $376 will see a test of $420 to $450. Key supports are the 200-day moving average t $268 and the Dec 10 low at $233. Moderna (MRNA) chart, daily
Santa Rally Time

Santa Rally Time

Monica Kingsley Monica Kingsley 21.12.2021 16:05
S&P 500 made a first step towards the turnaround higher in the opening part of this week. Fading the rally is being countered, and yesterday‘s omicron policy response fears are being duly reversed. For the time being, Fed‘s liquidity is still being added – the real wildcard moving the markets, is corona these days. Credit markets are in the early stages of heralding risk-on appetite as returning. As stated yesterday when mentioning my 2022 outlook: (…) Fading the FOMC rally went a bit too far – credit markets aren‘t panicking, so I doubt a fresh lasting downtrend is starting here. Chop, yes – the 4,720 area is proving a tough nut to crack, but it would be overcome. If there are two arguments in favor, it‘s the financials and HYG – the likely rebound in the former, and Friday‘s resilience in the latter. Given that Thursday‘s spurt to 4,750 evaporated so fast, I‘m not looking for a stellar year end. Positive given where we‘re trading currently, sure. Markets are now grappling with faster Fed tapering (which has opened the way to a rate hike in Q2 2022), getting slowly more afraid of fresh corona restrictions, and dealing with inflation that‘s not going anywhere. Outpacing wage growth, with real yields being deeply negative (no, 10-year Treasury yield at even 2% doesn‘t cut it – that‘s my 2022 target, by the way), the administration would be hard pressed in the year of midterms to counter the corrosive inflation effects on poll numbers. And the Fed expects to keep tightening when the real economy is already suffering from contracting liquidity as seen also in strengthening dollar? The central bank will have a hard time taming inflation, and in my view won‘t succeed – the persistently high inflation rates are going to be with us for years to come, and outpacing wages. … Similar to the recent high PPI reading, this is one more argument for why inflation isn‘t receding in the short run – not when demand isn‘t likewise being destroyed. As if consumer sentiment weren‘t struggling already... For now, the year end squaring the books trading can go on, and positive Santa Claus seasonality can make itself heard still. The crypto turn that I had been looking for on the weekend, is happening with strength today. Likewise the oil and copper recovery spilling over into silver, and the reasonably good performance returning to many value stocks too. Very constructive action. In short, the bulls have a good rebound opportunity into Christmas. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook S&P 500 is waking up, and odds are the move would bring it back above the 50-day moving average. Looking at the volume, it‘s as if fresh sellers were nowhere to be found. Credit Markets HYG made an attempt to come back, and comparing it to the quality end of the bond spectrum results in a good impression – one of risk-on return approaching. Gold, Silver and Miners Precious metals downswing isn‘t to be taken too seriously – odds are strong that gold and silver would ride the risk-on return with gains added. It‘s about liquidity not being withdrawn by the market players. Crude Oil Crude oil recoved from the omicron uncertainty – to a good degree, which is a testament to the overwhelming pressure for prices to keep rising. The $72 area setback could be coming back into play still this week, if nothing too surprising happens. Copper Copper is leaning to the bullish side of the spectrum, driven not only by positive fundamentals and Chile elections. The low volume indeed hinted at little willingness to sell – so, let‘s look for a good attempt to rise next. Bitcoin and Ethereum Bitcoin and Ethereum weakness is being decisively rejected, mirroring commodities – the decline indeed hasn‘t been in the disastrous category. The bulls clearly want to move. Summary S&P 500 and oil are rebounding from the omicron response pinch – and it‘s good we see cryptos doing the same. Corona wildcard has calmed down a little, and market breadth is making baby steps to improve. In this environment, high beta assets look poised to erase prior setbacks a little faster today, and can keep those gains unless a fresh bad headline strikes. One more tailwind – at least when it comes to real assets, for sure – is inflation coming back to the spotlight, which is what we‘ll have to wait for some more time still. But it‘ll happen. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.
Crude Oil lays a solid ground for the next year

Crude Oil lays a solid ground for the next year

Alex Kuptsikevich Alex Kuptsikevich 23.12.2021 16:15
All this week, oil’s intraday dynamics have seen a weak start in Asia and a slump in trading in Europe, replaced by an increase in buying when US traders get in on the action. By the start of the regular session in New York, Brent crude had reached $75.4, temporarily climbing to $75.70, within arm’s length of the December highs area. Even more tellingly, oil’s dip under the 200-day moving average at the start of the week attracted buyers and did not cause an intensification of the sell-off. Last year, in October-November, a similar sell-off below the 200 SMA triggered a new momentum that buyers supported based on optimism on the news about the arrival of the vaccines. Now, comparatively optimistic reports that omicron is less likely to lead to hospitalisation. The UK and US governments have opted not to impose severe lockdowns nor stop international air travel, are acting as a driver for Crude prices as a year ago. Such news forms the necessary positive backdrop for oil, suggesting a recovery in demand. At the same time, supply growth is held back by a host of factors, from Exxon Mobil refinery accidents and supply disruptions in the Middle East to industry underinvestment in the US and UK and self-restraint from OPEC+. If the world does not face overcrowded hospitals early next year and avoids new waves of lockdown, oil is well placed on returning to above $80, laying the foundations for a trading range of $85-$100 for next year.
USDJPY - an interesting pair, a few words about US 100

USDJPY - an interesting pair, a few words about US 100

John Benjamin John Benjamin 27.12.2021 10:59
USDJPY breaks higher The US dollar inched higher after November’s core PCE jumped to 4.7%. A break above the supply area near 114.20 indicates that the bulls have gained the upper hand. As sellers rush to the exit, the pair may enjoy solid support above the former resistance at 114.05. An overbought RSI has temporarily limited the initial breakout range. After a short accumulation phase, the bulls may have an unobstructed path towards the psychological level of 115.00. That is a major hurdle right under the previous peak. USDCAD retreats to daily support The Canadian dollar bounces back as GDP growth gained traction in October. The US dollar is struggling for support after its tentative break above the August high at 1.2950. A retreat below 1.2900 has led traders to dump leveraged positions. The pair is testing the daily support at 1.2760 which lies along the 30-day moving average. And this makes it an area of interest for the bulls to attempt a rebound. 1.2920 is a fresh resistance ahead. A deeper correction may send the greenback to 1.2650 near December’s lows. US 100 completes V-shaped recovery The Nasdaq 100 continues to recover as improved economic data outweigh covid concerns. The index has met solid buying interest near 15600. This used to be a supply zone from last September. Since then it has recouped losses from the recent liquidation. The RSI’s overbought situation may cause a brief pullback while short-term traders take profit. 16170 is the closest support and 15850 is another layer of defense. On the upside, a break above 16460 could extend the rally to the all-time high at 16770 and beyond.
S&P 500, Nasdaq and more...

S&P 500, Nasdaq and more...

Monica Kingsley Monica Kingsley 27.12.2021 15:56
S&P 500 and risk-on assets continued rallying, pausing only before the close. Santa Claus delivered, and the final trading week of 2021 is here. With the dollar pausing and VIX at 18 again, we‘re certainly enjoying better days while clouds gather on the horizon – Thursday‘s inability of financials to keep intraday gains while yields rose, is but one albeit short-term sign. The Fed is still accomodative (just see the balance sheet expansion for Dec – this is really tapering), didn‘t get into the headlines with fresh hawkish statements, and inflation expectations keep rising from subdued levels. Importantly, bonds prices aren‘t taking it on the chin, and the dollar hasn‘t made much progress since late Nov. Both tech and value are challenging their recent highs, and the ratio of stocks trading above their 200-day moving average, is improving. The same for new highs new lows – the market breadth indicators are picking up. We haven‘t seen the stock market top yet – the rickety ride higher isn‘t over, Santa Claus rally goes on, and my 2022 outlook with targets discussed that a week ago. Precious metals are extending gains, and aren‘t yet raging ahead – the picture is one of welcome strength returning across the board. The same goes for crude oil finally rising solidly above $72 as the omicron fears are receding in light of fresh incoming data including South African policies. It‘s only copper that‘s now reflecting the prospects of real economy slowdown. At the same time, the crypto rebound last week served as a confirmation of broad risk-on advance. Still more to come, as per Thursday‘s article title. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook S&P 500 is within spitting distance of ATHs, and the bulls haven‘t said the last word in spite of the approaching need to take a rest. It‘s rally on, for now. Credit Markets HYG has finally overcome the Sep highs, but its vulnerability at current levels is best viewed from the point of view of LQD underperformance. Investment grade corporate bonds could have been trading higher compared to the progress made by TLT. Gold, Silver and Miners Gold and silver are looking up, and so are miners – the upswing isn‘t overheated one bit, and can go on as we keep consolidating with an increasingly bullish bias. Crude Oil Crude oil once again extended gains, and even if oil stocks are a little lagging, the medium-term bullish bias in black gold remains. The path of least resistance is once again up. Copper Copper at least closed unchanged – the fresh steep rally indeed seems more than quite a few weeks ahead. But the table for further gains is set. Bitcoin and Ethereum Bitcoin and Ethereum are entering the final trading week of 2021 in good shape. The rising tide of liquidity is still lifting all boats in a rather orderly way. Summary Thursday brought a proper finish to the Christmas week, and we‘re not staring at a disastrous finish to 2021 across the board. Short-term extended, but overall very positive bond market performance is aligned, and we can look for positive entry to 2022 in stocks, precious metals, oil, copper and cryptos alike. Shrinking global liquidity, no infrastructure bill, and consolidating dollar complete the backdrop of challenges that would make themselves heard well before Q2 2022 arrives. I hope you had Merry Christmas once again, and will also enjoy the relatively smooth ride while it lasts – 2022 will be still a good year, but with its fair share of corrections. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.
XAUUSD seeks support, NZDUSD consolidates recent gains, EURUSD tests important resistance

XAUUSD seeks support, NZDUSD consolidates recent gains, EURUSD tests important resistance

John Benjamin John Benjamin 29.12.2021 08:42
EURUSD tests important resistance The US dollar struggles as the Omicron scare subsides. The pair has been stuck in a narrow range between 1.1230 and 1.1360, because of a lack of liquidity and a catalyst. Following a bounce from 1.1260 price action is testing the upper band of the horizontal consolidation. A bullish breakout would pop up volatility as sellers rush for the exit. An extended rally would set 1.1450 as the next target. On the downside, a fall below 1.1260 may prolong the sideways action for a few more days. NZDUSD consolidates recent gains The New Zealand dollar softens over a limited year-end risk appetite. The latest surge above 0.6830 has put the bears on the defensive. Intraday traders took profit after the RSI showed overextension. The current flag-shaped consolidation could be an opportunity for the bulls to regroup and catch their breath. The demand zone around 0.6760 is a major level to support the rebound. On the upside, 0.6840 on the 30-day moving average is the closest resistance. And its breach may trigger a broader rally towards 0.6920. XAUUSD seeks support Gold edged higher as the US dollar slipped across the board. A close above the supply zone around 1815 is a short-term confirmation that sentiment favors the upside. A bullish MA cross on the hourly chart indicates that the recovery could be picking up steam. Above 1820, 1840 would be the target when momentum makes its way back into the market. In the meantime, buyers may see a retracement to 1803 as an opportunity to buy the dip after the RSI returned to the neutrality area. 1790 is a second level of support.
Article by Decrypt Media

S&P 500 rally, comodities and precious metals

Monica Kingsley Monica Kingsley 28.12.2021 15:49
Broad S&P 500 rally is spilling over to precious metals and commodities – Santa Claus leaves no stone unturned, apparently. Not that yields or the dollar would move much yesterday – it‘s the omicron response relief (thus far. yet APT has risen sharply to counter the bullish and wildly profitable oil message) coupled with the yesterday mentioned market friendly Fed: (…) The Fed is still accomodative (just see the balance sheet expansion for Dec – this is really tapering), didn‘t get into the headlines with fresh hawkish statements, and inflation expectations keep rising from subdued levels. Even though junk bonds retreated from intraday highs, the rally isn‘t over yet – VIX remaining around 18 is the best that the stock bulls can hope for today (i.e. a sluggish day still retaining bullish bias). Financials and industrials had a good day, but consumer discretionaries to staples ratio leaves more than a bit to be desired. The same goes for the financials to utilities ratio. Yes, the horizon is darkening, but further gains for weeks to months to come, still lie ahead. Remember, the topping process is about fewer and fewer sectors pulling their weight, about the market generals not being followed by the troops in the coming advance. We‘re not quite there yet. The Fed didn‘t really taper much in Dec, thus the jubilant close to 2021 across the board. The compressed yield curve would eventually invert – regardless of the current levels of inflation, the GDP growth can still support higher stock prices. Precious metals and commodities would though become an increasingly appealing proposition as I‘m not looking for the Fed to be able to break inflation. The tightening risks are clearly seen in market bets via compressed yields, so they‘ll attempt to not only talk a good game – they will act, and the risks of breaking something (real economy) would grow. That‘s the message from Treasuries – hawkish monetary policy mistake is feared and increasingly expected. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook S&P 500 market breadth again improved – the increasing participation shows that the bull run isn‘t clearly over. And it also reveals that this isn‘t yet the time to expect a new correction. Credit Markets HYG stalled a little, but doesn‘t look to have definitely peaked. One look at LQD reveals the nuanced risk-off turn yesterday, which might not interfere with further stock market gains today though). Gold, Silver and Miners Gold and silver paused, but I‘m treating it as a daily pause in an otherwise developing uptrend. Once the inflation expectations stop being as steady as they had been yesterday, the metals will like that. Crude Oil Crude oil is strongly up, and oil stocks confirm. The $78 zone comes next, and could take a few days to be reached. Copper Copper still hasn‘t arrived at true fireworks – but the long consolidation is being resolved in a bullish way (of course). Broader commodities are showing that the path of least resistance is higher in the red metal as well. Bitcoin and Ethereum Bitcoin and Ethereum are foretelling stiffer headwinds than had been the case recently. I don‘t think this is a start of a genuine downtrend. Summary Santa Claus rally naturally goes on, and yesterday‘s steep gains are likely to be followed with deceleration today – at least in stocks. Precious metals and commodities are catching up, and we‘re looking at a very positive close to 2021 across the board. The same goes for optimistic entry to 2022 in stocks, precious metals, oil, copper and cryptos alike – in Bitcoin though, I would like to see today‘s lows hold, and Ethereum to spring higher faster than Bitcoin. On a very short-term basis, S&P 500 and oil are extended today, and some trepidation shouldn‘t be surprising. The medium-term trends remain unchanged, and lead higher. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.
Rallying, singing "Jingle Bells", S&P 500 feels like hanging by the fingernails

Rallying, singing "Jingle Bells", S&P 500 feels like hanging by the fingernails

Monica Kingsley Monica Kingsley 29.12.2021 16:25
S&P 500 feels like hanging by the fingernails – tech down and value retreating intraday. Correction of prior steep upswing is here – the bears will try some more, but I‘m not looking for them to get too far. The signs are there to knock the bulls somewhat down, and fresh ATHs look to really have to wait till next week. Checking up on the VIX, financials and consumer discretionaries confirms the odds of the bears stepping in today, and perhaps also tomorrow (depending upon today‘s close). The repelled HYG downswing likewise doesn‘t represent a significant risk-off turn (yet) – instead, we appear to be on the doorstep of another rotation, and its depth would be determined by how well tech is able to hold near current levels. Looking at precious metals, commodities and cryptos, the sellers of this risk-on rally have good odds of closing in the black for today. Earliest signs of stabilization would come from bonds, tech and cryptos – that‘s where I‘m mostly looking today. Keeping in mind the big picture – all eyes on upcoming Fed balance sheet data: (…) The Fed didn‘t really taper much in Dec, thus the jubilant close to 2021 across the board. The compressed yield curve would eventually invert – regardless of the current levels of inflation, the GDP growth can still support higher stock prices. Precious metals and commodities would though become an increasingly appealing proposition as I‘m not looking for the Fed to be able to break inflation. The tightening risks are clearly seen in market bets via compressed yields, so they‘ll attempt to not only talk a good game – they will act, and the risks of breaking something (real economy) would grow. That‘s the message from Treasuries – hawkish monetary policy mistake is feared and increasingly expected. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook S&P 500 saw a shot across the bow, and it remains to be seen whether the bears take advantage of a promising position to strike later today. Odds are they would at least try. Credit Markets HYG‘s hammer-style candle on rising volume doesn‘t bode well for today. Stabilization in junk bonds would be a most welcome sign once it arrives. Gold, Silver and Miners Gold and silver aren‘t at all well positioned in the short-term – higher yields perhaps accompanied by consolidating inflation expectations, provide the bears with an opportunity. Crude Oil Crude oil is likewise stalling, but not too vulnerable unless fresh omicron fears return to the headlines. The $78 zone indeed looks to take a few days to be reached – I‘m still not looking at this week really. Copper Copper is taking a cautious stance – cautious, not panicky. Building a base not too far from yesterday‘s lows, would be most constructive now. Bitcoin and Ethereum Bitcoin and Ethereum are feeling the pinch, and the Ethereum underperformance has foretold stiffer headwinds than had been the case recently. Genuine downtrend hasn‘t yet developed – the bulls are being tested as we speak. Summary Santa Claus rally is getting the announced reprieve – the day of decision how far it reaches, is today. Unless bonds (I‘m looking at the junk spectrum mainly), tech and cryptos weaken inordinately much, today‘s move would come in the sideways consolidation category. Odds for that are slightly better than a coin toss, but regardless, I‘m looking for a positive first day of 2022 trading to help make up for end of this week‘s headwinds. It‘s also positive that oil remains well bid above $75.50, and copper above $4.40. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.
Let's have a look at S&P 500, Crude Oil, Nasdaq and Credit Markets. Cryptos are still bullish above mid-Dec lows.

Let's have a look at S&P 500, Crude Oil, Nasdaq and Credit Markets. Cryptos are still bullish above mid-Dec lows.

Monica Kingsley Monica Kingsley 03.01.2022 15:57
S&P 500 pared prior steep gains, but thanks to the credit markets message, I‘m not reading into Friday‘s weakness much. There is still more in this rally – value held better than tech, and high yield corporate bonds didn‘t really slide. The year end rebalancing will likely give way to solid Monday‘s performance. While VIX appears to want to move up from the 17 level, it would probably take more than one day to play out. As the Santa Claus rally draws to its close, the nearest data point worth looking forward for, is Tuesday‘s ISM Manufacturing PMI. It‘ll likely show still expanding manufacturing (however challenged GDP growth is on a quarterly basis), and that would help commodities deal with the preceding downswing driven by energy and agrifoods. Both of these sectors are likely to return to gains, and especially oil is. As stated on Thursday, the open profits would still keep rising. Precious metals were the key winners Friday, paying attention to the dollar and nominal yields retreat the most. The red metal‘s upswing certainly helped – such were my latest words: (…) copper is primed to catch up in the short run to the other commodities, gold is well bid at current levels, and together with silver waiting for a Fed misstep (market risk reappreciation) and inflation to start biting still some more while the real economy undergoes a soft patch (note however the very solid manufacturing data) with global liquidity remaining constrained even though the Fed didn‘t exactly taper much in Dec, and nominal yields taking a cautious and slow path towards my 2022 year end target of 1.80-2.00% on the 10-year Treasury. As I wrote prior Monday, we‘re looking at still positive 2022 returns in stocks – of course joined by commodities and precious metals. The path would be though probably a more turbulent one than was the case in 2021. Finally, cryptos look to be in agreement with not reading too much to Friday‘s downswings – both Bitcoin and Ethereum are turning up as $46K in BTC held up once again. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook Nasdaq got a little oversold relative to S&P 500 – this is not the start of a fresh downtrend. Once financials and consumer discretionaries turn up, the rally will be on better footing again. Credit Markets HYG could have declined some more, but tellingly didn‘t. Bonds aren‘t ready to turn to risk-off just yet. Upswing attempt next shouldn‘t be surprising in the least. Gold, Silver and Miners Gold and silver are looking at a much better year than was 2021. Stock market volatility, GDP growth challenges and persistent inflation would help the metals and commodities rise. Crude Oil Crude oil is about to move up again as gains were taken off the table on Friday. With the omicron response and related pronouncements coming in lately from the U.S., what else to expect – a great deal of destroyed demand doesn‘t look to be ahead. Copper Copper undid the prior pause, and looks ready to keep defending the $4.43 area. The long consolidation that started in May, would be eventually broken to the upside. Bitcoin and Ethereum Bitcoin and Ethereum may be short-term undecided, but don‘t look willing to decline. Cryptos are still bullish above mid-Dec lows. Summary First trading day of 2022 is likely to extend prior gains, resolving the prior sideways move. As risk-on faltered on Friday, S&P 500 and cryptos are likely to catch up, and oil would probably outperform copper today while precious metals digest very solid New Year‘s Eve gains. We‘re nowhere near the good days ending just yet – turbulence would come once Fed tapering gets really noticeable (post Olympics), with VIX trending higher well before that already. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.
Fed and OPEC possibly affects Oil - WTI and Brent. Holidays in 2022 in times of COVID-19

Fed and OPEC possibly affects Oil - WTI and Brent. Holidays in 2022 in times of COVID-19

Alex Kuptsikevich Alex Kuptsikevich 12.01.2022 09:26
WTI crude oil surpassed the $80 mark in Tuesday's trading, near two-month highs and solidly above the 2018-2021 pivot levels near $75. Oil's fall in November-December by more than a quarter from a peak in late October probably served as a reset for oil. Interestingly, oil rose yesterday against plainly bearish news. The WHO warned of a sharp rise in omicron cases in coming weeks, and Oman's oil minister said OPEC+ did not want to see oil at $100 and overheat the market. However, traders were reading between the lines. The rapid spread of omicron is coming closer to the point of reaching collective immunity, raising the chances that summer travel and the holiday season will this time be much more pre-pandemic like. While initially causing some pressure on quotations, Oman's comments on oil did not present anything new in substance. As before, the cartel intends to stick to its plan to raise production by 400K per day every month. This is more than enough to shift the balance in the market towards surplus at the start of the year, but not enough to avoid causing excessive overheating of oil and provoking a new shale boom in the US and elsewhere. Producers in developed countries complain that banks are reluctant to finance new crude projects, requiring companies to become 'greener'. This raises the breakeven price of production projects, giving OPEC+ a head start. In addition, oil was probably positively impacted by Powell's confidence in the economic recovery, which is not threatened by either omicron or several rate hikes this year. Locally, investors interpreted this as confidence in a surge in oil demand in the coming months, which boosted the price. It will not be surprising if oil goes off to retest October highs near $85/bbl WTI and $87/bbl Brent in the next couple of weeks. If the demand for risky assets remains in place by then, we would expect a start of a rally towards $100 and an entrenchment in the $80-100 range through 2022. However, we cannot rule out that the speculative optimism in oil will fade as the Fed's tough stance on the economy is realised.
NASDAQ, Non-Farm Payrolls, GBPAUD, Gold and More in The Next Episode of "The Trade Off"

Stock Market in 2022: Momentum on the Stocks in the Market Are In a Solid Footing

Finance Press Release Finance Press Release 28.01.2022 10:51
The year 2022 is seemingly a mixed bag, even as markets start reopening. The year looks promising, though, with issues like inflation and COVID to contemplate. Historic rallies in 2021 after lockdowns are looking to inspire trading in various industries, with some assets to look out for by investors. Growth will surely return at some point, but so will disappointing instances where tumbles will dominate trading desks. The S & P's historic gains of 30 percent dominated the press at the close of 2021, making investors using Naga and other optimistic platforms. The ended year had one of the longest bull markets. However, the Fed rate tightening and the direction the pandemic will take are some things to expect, notwithstanding that the stock market might grow by a whopping 10 percent in 2022. Trading Movements In Week One 2022 European markets have opened with a lot of optimism in 2022, the pan-European STOXX 600 closed at 489.99 points; this is 0.5 percent higher than the opening figure. The European benchmark was some percentage lower than the overall S&P 2021 performance, though with a surge of 22.4 percent. Record gains in the stock markets have relied on the positions taken by the governments during the pandemic. In the USA and Europe, increasing vaccination rates and economic stimulus measures have improved investor confidence. However, there are indications for more volatility in 2022, a situation investors must watch keenly. There has been little activity in London markets in the first week of 2022, while in Italy, France, and Spain gains of between 0.5-1.4 percent made notable highlights. European markets had diverse industries drive up the closing gains witnessed; the airline sector, in particular, has had a significant influence. Germany’s Lufthansa (LHAG.DE) had an impressive 8.8 percent jump while Air France KLM (AIRF.PA), a 4.9 percent gain. Factory activity is another factor to thank for the first week's gains all over Europe. Noteworthy, the Omicron variant influenced trading in the entirety of December, but the reports that it is milder than Delta has energized market activities coming into January. S&P and DOW Jones 2022 First Week Highs Across the Atlantic, the Dow Jones Industrial Average (DJI) and S&P 500 (SPX) closed at a record high, highlighting a similar aggressiveness as the European markets. While the jump was industrial-wide, Tech stocks continued to dominate, as Apple finally touched the $3 trillion valuation, though for a short time. Tesla Inc. (TSLA.O) posted a 13.5 percent jump thanks to increased production in China and an unprecedented goal to surpass its target. The US market, like the European market, is also in a fix; the Omicron variant of COVID-19 continues to cause concern with the wait-and-see approach, the only notable strategy. Currently, every country is reporting a jump in the number of Covid cases, with the UK going above 100K cases for the first time and the US recording some new records as well. School delays and increased isolation by key workers will surely debilitate the markets, with the global chip shortage another point to contemplate. However, markets can still ride on the increased development of therapies to help fight Covid. The U.S. Food and Drug Administration (CDC) has been quick, as now children can have their third doses as well. Industries to Look Out For In 2022 European automakers have seen early peaks, while the airline sector has also picked up fast. In the US, tech shares continue to dominate, and 2022 might witness new records never seen before. However, the energy sectors have also dominated the news in 2021, and in 2022; the confidence in them will continue to rise because of an anticipation of stabilization in energy prices. The same goes for crude oil prices. Regardless, shareholders will continue watching the decisions by the Federal Reserve, a review in the current interest rates will surely tame inflation. Conclusion 2022 will see its highs and lows in investments. Some assets will make the news and investors will be keen to use any information to make key decisions. Tech will continue to shine, but it is important to anticipate the direction of the pandemic, as it will be an important factor in investor decisions.
The Oil Market Opened Today With A Gap, What Happen Next?

Crude Oil Price (BRENT/WTI) - Will Current Levels Remain Longer?

Alex Kuptsikevich Alex Kuptsikevich 17.03.2022 09:57
The price of oil has stabilised at $93 per barrel for WTI and $95 for Brent, after falling by more than a quarter from March 8th. Buyers’ support came on a correction to levels at the beginning of this month, completely cutting off the speculative upside due to events in Europe and fears of a supply stoppage. Due to correction over the past week, the price has returned to the uptrend support line formed in December. The market is pricing as if there was no military conflict in Europe and fears of a total oil shortage due to the embargo on Russian oil. Initially, this uptrend had formed on evidence that the omicron strain wave was not followed by lockdowns, so demand continues to rise gradually. Interestingly, neither a 350% increase in the price per barrel in precisely two years, a 17% fall in commercial reserves over one year, nor the need to compensate for oil from Russia contributes to US production growth. US average daily production has held steady at 11.6m b/d for the last six weeks, which is close to the average over the previous six months. The observed increase in drilling activity only helps cover the drop in production from depleted fields. However, businesses in the USA remain reluctant to invest in production increases. This is probably due to the ongoing tough ESG agenda, which is holding back investment in an industry that was producing over 13 million BPD in early 2020. Without the coronavirus, it would have reached 14 million BPD by the end of that year. On the other hand, the US and global economies are experiencing an evident shock to energy prices, causing economic growth to slow and oil demand to fall. This situation sets the oil price in the coming days or weeks to find a balance in the $85-100 range. The lower bound is a multi-year turning point for the price in this range, which has now become a meaningful support level. At the same time, the upper bound is a psychologically crucial round level, the capture of which made the oil market wild in early March.