Blackwell Global

Crude Oil managed to show a net draw from the Cushing storage facility, in a move that has the markets in a tizzy. Crude Oil inventories showed a net draw of 2.19 million barrels, suggesting that the...

The silver bulls have been patiently waiting, but now have been given their chance to charge, and charge they did. Silver was up over 3.5% on the weak US economic news, and has now broken out of the...

Taking a look at the US dollar first up, it had another day to forget as it pushed down to a three month low. Weaker than expected retail sales figures were the main culprit for the dollar sell-off as...

Oil saw a decent rally over the last 24 hours on a report out from OPEC which the market looked upon as generally bullish. The report remained upbeat about global demand for this year and even saw it...

In typical Australian fashion, the Aussie has continued to rally despite facing significant adversity. Just like the “little Aussie Battler”, the pair has fought higher to trade within a...

Gold prices have been ranging quite consistently over the last month and have formed a bearish channel. Prices are beginning to consolidate into a wedge pattern, and given the risks around at the...

The euro-pound has recently fallen strongly down to a low of 0.7138, mainly in response to the post UK election euphoria and perceived pound strength. Seemingly defying any fundamental or technical...

I think we have all been there at some time in our lives. That feeling of euphoria, having a wave at the beach lift you off your feet towards the heavens, only to discover that what goes up must come...

The pound has been volatile recently with some strong moves in both directions. The election resulted in a big push higher, but that has been met with some strong resistance and a double top is now...

Crude Oil’s Bull Run Hides Deeper RiskCrude oil has experienced a strong rally in recent days, touching 2015’s peak, after US crude inventory data showed significant improvement. Despite...

It’s not every day that different time frames set up reversal structures, but that is just what looks to be happening on the USD/CAD pair. The H1 and daily charts are both showing reversals of...

The past few days have seen silver consolidating sideways as it looks for some direction in the midst of a bevy of mixed US economic data. Despite attempting to push higher, silver has met some strong...

It’s been a tough old day for the Reserve Bank of New Zealand (RBNZ) with some disappointing data out of New Zealand over the last 24 hours. A rate cut might seem the logical answer to combat a...

As the latest episode of the soap opera, which is Greece, continues to unfold, many start to question the vexing question of when a default is likely to occur. The reality is that a default is already...

The yen is in a very clear range pattern with a slight bearish bias along the top side. A rejection from here would confirm a continuation of the range pattern that will likely take the pair back to...

The pound saw a sharp correction at the end of last week which retraced back to the 38.2% Fibonacci line. If this gives way, the 50% line will prove tougher to break, as it has acted as a pivot point...