Crude oil has broken the recent uptrend - and an important Fibonacci retracement level - and looks likely to head lower as US-China trade talks fuel global growth fears.
Crude oil is pushing back towards levels seen two week ago as political uncertainty in the Middle East continues to dominate short-term price action.
Crude oil prices may break chart support guiding the uptrend since the beginning of the year as fears about slowing global economic growth sour market sentiment.
Gold and crude oil price action is likely to reflect the response of broad-based market sentiment trends to an incoming flood of first-quarter corporate earnings reports.
Crude oil prices may turn lower if early technical clues pointing to ebbing upside momentum find a complimentary catalyst in incoming earnings reports.
Crude oil prices may recoil downward after stalling at chart resistance as a defensive tone prevails across global financial markets, weighing on sentiment-geared assets.
Crude oil, Gold and Bitcoin charts are all at, or close to, important technical levels that may direct future price action.
Crude oil prices may fall as a diverse array of economic releases stokes worries about a broad-based slowdown in global economic growth.
Crude oil continues to trade at lofty levels as worries over the political backdrop in Libya and Venezuela remain at elevated levels.
Fighting in Libya has added to the upward pressure on crude oil prices caused by OPEC supply cuts and US sanctions on Iran and Venezuela.
Gold prices will seek direction cues in the response from bond yields and the US Dollar to the latest update of the IMF World Economic Outlook.
Crude oil prices may be pressured if soft US economic data feeds fears about a slowdown in global economic growth, weighing on demand prospects.
Crude oil prices may validate technical positioning hinting that a top is taking shape as worries about slowing global growth stoke market-wide risk aversion.
Crude oil prices have struggled to make good on technical signs of topping but incoming US jobs data may finally validate the setup.
Crude oil prices may fall as an OECD economic outlook update and a Bank of Canada policy announcement stoke concerns about global economic slowdown.
Crude oil and gold prices may fall if Congressional testimony from Federal Reserve Chair Jerome Powell lifts the US Dollar.
Crude oil prices broke chart resistance and hit a 3-month high but trade war news flow – from US-China negotiations to the threat of new
Crude oil prices may look through incoming IEA and DOE statistical releases to focus on sentiment trends. Gold prices are eyeing Januarys US CPI report.
Crude oil prices may continue to fall after hitting a three-week low if disappointing UK GDP data amplifies fears about a global slowdown in economic