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Oil has indeed plunged yesterday, yet caught a bid earlier today on the news of the downed Iranian drone. While thats encouraging to the bulls, they didnt celebrate the following upswing for too long. Time to consult the charts instead of scanning the headlines for the odds of the next move. How do they stand right now, and what kind of trading action they call for?
What is the difference between a recession and a depression? When your neighbor loses their job, its a recession. When you lose your job, thats a depression! Not funny? Do not worry, we wont make more jokes. Instead, well analyze a new, but very important and powerful recessionary indicator. We invite you to read our todays article, which discusses the Sahm Unemployment Index, and find out what does it say about the US economy and the gold market.
The Fed giveth the Fed taketh. Lets look at the impact on price action after NY Fed President Williams and after the NY Fed clarified his comments. ES, NQ, Gold and Crude all seeing a lot of volatility. What are the tradable levels?