by Willard Kachere | Dec 18, 2020 | News & Analysis
Key Points EIA data indicates further stocks drawdownsTechnical analysis Energy International Agency’s data indicated a further drawdown in stock for the previous week, with a reading of – 122Bcf against market expectations of -120Bcf. The prior week had a drawdown in...
by Willard Kachere | Dec 18, 2020 | News & Analysis
Key points Chinese demand remains robustIndustrial production remains resilienceTechnical analysis China’s copper-intensive manufacturing sector has been expanding at a rapid pace in November, according to an official survey whose sub-index for construction picked up...
by Willard Kachere | Dec 17, 2020 | News & Analysis
Key Points U.S. monetary policy stance spurs bitcoin bullsMixed bag of bullish fundamentals Bitcoin; 4 Hour Chart Source; QEFxMoney Yesterday the primary crypto currency cleared the coveted psychological resistance level at $20,000. Bitcoin initiated another leg up...
by Willard Kachere | Dec 17, 2020 | News & Analysis
Key Points. Covid-19 vaccine hopes driving the energy marketEIA data indicated a drawdown in stocksBullish breakout The latest information from the vaccine frontier indicates that the Pfizer-BioNTech coronavirus vaccine is effective and safe. The U.S. Food and Drug...
by Willard Kachere | Dec 16, 2020 | News & Analysis
Key points U.S. Stimulus package on the horizonIndustrial demand for metals remains robustTrend indicators are pointing upwards U.S. stimulus package remains on the horizon as investors believe that in today’s Federal Reserve Rate Decision, some positive news will be...
by Willard Kachere | Dec 15, 2020 | News & Analysis
Key Points Strong bullish momentum to break towards new highsAltcoins struggle for directionMajor trend remains upwards The primary crypto currency recorded a high of $19,575 before prices dropped slightly above the $19,000 price level. Ethereum initiated an...
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