WIll be posting further analysis later. However, I wanted to point out some behavioural correlations I´m seeing into the bigger picture for both Gold and Crude Oil.-
Below, you´ll see the clusters/value areas that have been containing both assets, so far.-
As gold is dealing around what has been a key level $1586 (+/1) over the last few days, I am following up on yesterday´s post in which I laid out several scenarios.-
b.1) Buyers keep control of the situation and seek to bring price into higher value areas (clusters) –…Continue
Below is a current chart of my long term view on the ES.
Noted is a divergence between price and positioning of buyers vs. sellers.-
That is denoting that, while price is increasing, sellers are still (yet) mantaining their short positions. As usual, there…Continue