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second sell signal , support best hold or down to 3300 . Putin oil sanction and bombs help the BLACK GOLD
Missile strike on Kyiv 14.11.25: all capital’s Combined Heat and Power Plants and substations hit. The primary targets were the capital’s CHP plants (CHP-4, CHP-5, CHP-6), as well as the Bila Tserkva CHP in the Kyiv region. Capital substations were also hit. The list of damaged energy facilities may be longer, but this will be visible later. The number of launched “Kinzhal”, “Iskander” missiles and cruise missiles is preliminarily over 20. More than 100 UAVs also arrived in Kyiv.
Usually, the base case is C=A (second sell drops by same amount as first leg down)
But as you implied, 1.618x is a distinct possibility.
We’re in ii of C, so iii of C will tell us shortly.
Indeed, all depends on what NATO will do now that Kiev is getting much more love from Putin. horizontal trading range fits the story best so far. Dundee came out with good news and Lundin up 2% so far, not all bad with the chop chop. Extended too far from the moving average so to be expected. My guts can’t handle the silver anymore and have removed all charts from my lists, lol. Usually gold picks up around Christmas time and the next USA gov’t shutdown is in the new year as they only bought a couple of months time…expecting holiday shoppers to be thin this year for the retail
Since when did the Financial Press start putting out stories re: changes in oil prices being tied to conflicts abroad (esp the ME).
1% change – oh my, what could have caused that?!
Speculation of course, but I’d guess the Banker-owned Financial Press have the inside track on the reason for the fall (perhaps coordinated suppression) of energy prices in an inflationary and Mid East conflict environment and now is the time to start talking about it.