07 December 2022 – 09:19 Central Euro Time

Copper is the sole BEGOS Market at present trading outside (below) its Neutral Zone for today; session volatility is mostly light. Oil’s (74.25) two Long signals have exceptionally failed, the “Baby Blues” at Market Trends running out of puff as price retests recent lows, and the daily Parabolics having confirmed flipping back to Short; (as we’ve reminded over these many years, cash management is paramount to being correct about market direction, and this Oil event is a perfect example to move on to other opportunities). Too, Market Ranges (save for Oil and Silver) have been narrowing of late which impinges price following through from otherwise reliable Market Rhythms and studies. For the Econ Baro today we’ve October’s Consumer Credit plus the revision to Q3’s Productivity and Unit Labor Costs.