Page 13 - Weekly Chart News Today

Gold prices have rebounded from rising channel support – as well as the descending trendline from the all-time high.

Crude oil prices set a fresh 2022 high today, keeping intact the bullish technical argument.

Gold prices remain elevated as volatility across a variety of asset classes sustains its push higher.

Crude oil prices have tagged a seven-year high and still appear to have more upside ahead.

Gold prices have rallied sharply, seemingly disconnecting from US yields and the US Dollar.

Gold prices are lower than where they were last week, even as US Treasury yields have settled and the US Dollar has dropped.

Gold prices have clawed back their sharp losses on the first trading day of 2022, and are effectively unchanged on the week.

Consensus has formed that the COVID-19 omicron variant won’t weigh significantly on global growth, an important development for energy markets.

Last week’s bullish outside engulfing bar isn’t producing much by way of upside for gold prices.

Growth concerns around the omicron variant are provoking a burn off in oil prices.