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This is such a mess This market baffles me. Oil is now trading at $3.04/barrel with many grades negative and US Congress is picking a fight with China and the S&P 500 is only 15% from the all time high.

The latest numbers are up If you're new to oil, there are delivery points for crude all over the world and in the US. They often trade on spreads to WTI but those can vary and disconnect.

Open interest is still 108,000 contracts The CME says oil futures can trade in negative territory. We're not too far away now with the May contract hitting $5.56 now in an absolutely catastrophic rout.

Gold rises $17 Gold has recovered just over half of Friday's decline in a bounce to start the week. One of the weekend news items affecting gold is that Congress is closing in on a deal for another roughly $500 billion in spending. We're somewhere in the neighbourhood of a $4-$5 trillion deficit now.

The latest numbers: The numbers in Italy have been improving for weeks but the big question right now is: What happens when they reopen? See here for global coronavirus case data

June holding up ok The only valuable oil is the stuff on paper. The drop in the May WTI contract ahead of tomorrow's settlement is a crystal clear indication that the only demand for oil is from traders who have no intention of taking delivery.

The 200 and 100 hour MA are topside targets The price of gold initially moved lower today and in the process extended below the 38.2% retracement at $1679.26 and the swing low from April 13. However, the run moves lower could not be sustained, and the price has reversed higher.  The pair has been able […]

Trend line above.  100 and 200 hour MAs below. The AUDUSD trades between its technical extreme and joins the list of currency pairs that are in an up and down price action day.

<p>The US 500 stock index attempted to climb above the 50-day simple moving average (SMA) last week before the 2,893 barrier pushed it slightly back below the line. While the RSI is reversing lower, the MACD and the red Tenkan-sen line have yet to show any sign of weakness, hinting that upside corrections are still […]

<p>This is the biggest percentage difference between the front two oil contracts in over 40 years! Markets have experienced a tremendous shock as traders try to navigate the fallout of a global pandemic leading to a synchronized halt to commerce worldwide, at least most of the price moves have been generally orderly, if volatile. Beyond [&hel