Blackwell Global

Key Points: Reversal likely at the strong zone of resistance around the 1.3129 level. Triangle or Rising Wedge pattern could cap upside potential going forward. May low could be challenged again in...

Key Points: Highly bearish trend line. EMA activity remains bearish. Dynamic support could be broken. Gold spent last week in decline as the appointment of a new UK Prime Minister helped to stabilise...

The USDCAD has enjoyed a relatively decent move over the past few weeks as the greenback has rallied in response to some robust US job figures and a depressed oil market. Subsequently, price action...

Despite the greenback’s generally excellent performance in the wake of Brexit, the USD/CAD has failed to capitalise on the fallout to the same extent. In fact, a recovery now looks like a fairly...

After some remarkable upward momentum, silver may have reached its peak. As a result, it could be reversing.In fact, the metal is now likely to retreat back to support and consolidate at either the...

After nearing the pivotal $50 mark, oil prices could be about to take another hit despite the recent dip in US Crude Oil Inventories. Whilst the draw was largely responsible for the commodity’s...

The Brexit referendum is, of course, the only thing that the market is presently concerning itself with and the “leave” vote has sent much of the market into damage control mode....

Loonie bulls have been letting out a sigh of relief recently as the pair appears to be making a substantial recovery. However, the Loonie’s recent bullish stint may be ready to come to a...

Gold has been having a steep decline for a number of days now and as the metal breaks support after support, it brings into question just where the new low will be. However, evidence seems to be...

Silver has fallen relatively strongly over the past few weeks as sentiment in the precious metal has continued to swing in line with the Fed’s rate hike rhetoric. However, despite the recent...

As world crude oil prices continue to climb towards the $50 handle many are now asking whether the commodity has finally discovered a bottom and will it subsequently free itself from the long term...

The past few days have been relatively negative for gold as the commodity has fought against a rising tide of US dollar strength. However, the rout is unlikely to be over yet as the daily charts are...

An impending US Crude Oil Inventories result is being watched eagerly by oil bulls as it could illicit another surge for the commodity. The figure is predicted to post only a 0.97M build but some are...

Silver has largely been one of the “forgotten” precious metals over the past year four years despite an increasingly scarce supply and rising industrial demand. Subsequently, the commodity...

The yen is currently bulldozing the USD and as a result speculation about the reaction of the Bank of Japan has become front page news. Setting speculation about the BOJ’s chances of intervening...

Gold saw some gains last week but ultimately failed to form a convincing trend and break free from its sideways channel. The metal closed the week up at 1239.99 but was prevented from testing the...