April 19th 2020 - Institutional 🏦 Positions & Supply/Demand for Gold, Oil and the FOREX market

Based on the Commitments of Traders data reported on: April 14th 2020


πŸ“Š In the Markets: The markets are slowly making its way into a more normal trading environment but as it does this we can see that price still remains very much in a tight range and this goes for most of the major pairs. We outlined in some detail in the latest outlook session how there are large cycles in play right now and these take time for them to complete and the very nature of these cycles makes it extremely difficult to time how long

these cycles will last. In these situations we are basically at the mercy of the #institutions. Only they have the power to move price forward and end one cycle to begin another. We are dealing with a LIVE market situation where we rely on the LIVE trading being done by the algorithms.

With that said, #Gold is topping out and looking heavy this past week. The weekly cycle seems to be in play as price declines down towards the weekly demand zone but we can see that by the time weekly demand is contacted, the move away from this demand would have been very weak and Sherlock would suggest that there is a good chance we see this zone break and price decline s even further. This is somewhat speculative at this point though but there is high odds we begin the week with more of a decline in price.

As for #Oil, we have higher timeframes trend pushing price lower and based on the current market dynamics we could expect more downside is coming this and next week.


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