Crude Oil Price Forecast: Counter Trend Pattern Favors Pending Upside

Highlights: Crude Oil Technical Strategy: Crude Oil downside expected to be limitedon price pattern US Stockpiles continue trend of declining despite build in gasoline and Cushing stockpiles Next technical Bullish trigger set at lower high from May at $ 50.00, support near $ 47.75 IGCS Sentiment highlight: Sharp rise in short positions provides contrarian signal […]

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September Forex Seasonality Favors USD Weakness, European FX Strength

Talking Points: – Septembertypically the US Dollar retreat in favor of the European currencies. – Gold’s recent performances in September have skewed the 20-year seasonality trend. – S&P 500 typically has its second-worst performance of the year in September. See the full rundown of seasonal patterns broken down by currency pairs below, and to receive […]