by Willard Kachere | Dec 7, 2020 | News & Analysis
Key points Price rockets to $3.500 per ounceCovid-19 vaccine optimism is good for industrial metalsThe long term remains bullish The price of copper is on a sharp rise right now riding on the back news that a number of pharmaceutical companies have developed effective...
by Willard Kachere | Dec 4, 2020 | News & Analysis
Key Points 0.382 Fibonacci levelBreakout from descending resistance lineAscending Channel Silver Daily Chart Source; QEFxMoney Prices have managed to find support at the 0.382 Fibonacci level. Discounting the first breakout beyond this level, price action has created...
by Willard Kachere | Dec 4, 2020 | News & Analysis
BTCUSD Monthly Chart Source; QEFxMoney Bitcoin’s price yesterday finally registered a new all-time high of $19,870, after recording its highest price level of $19,660 in December 2017. It is worth noting that the journey back to this current price level has been a...
by Mthokozisi Mpofu | Dec 3, 2020 | News & Analysis
Copper 4 Hour Chart Source; QEFxMoney The chart below shows Copper has been in a bullish run since the 19th of March 2020. The move higher started when we saw an exhaustion gap to end the move lower. We now have a leading diagonal in the wave i position and a flat...
by Willard Kachere | Dec 3, 2020 | News & Analysis
Key Points Long term fundamentals remain bullish200 Moving Average Saves the dayBulls to face major resistance at $1850.Minor resistance around $1800 region As markets remain optimistic about another stimulus package being delivered by the U.S. policy makers, that...
by Willard Kachere | Nov 30, 2020 | News & Analysis
Oil producers comprising of the OPEC and OPEC+ are inclined towards contemplating whether to extend current oil production cuts into 2021 or to gradually hike production from January as global demand displays some signs of resilience amid Covid-19 vaccine rhetoric....
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