WCU: Gold consolidates strong gains; Downside risks mount for crude

Commodity weekly taking a closer look at the latest developmentsThe commodity sector has maintained positive momentum so far this August with the Bloomberg Commodity Index trading higher for a fourth consecutive month. However, following the pandemic-led collapse during the first quarter, the year-to-date performance remains in the red by 11%....

EURJPY appears overbought

The Congestion Opportunities Strategy has just bought EURJPY at 124.623. The system recommends entering this trade at any price between 124.452 and 124.794. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be overbought, while the Speculative Sentiment Index reading of 1.456 indicates that...