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Good Morning!We kick off the Day with Housing Starts & Permits at 7:30 A.M. EIA Energy Stocks at 9:30 A.M and Dairy Product Sales at 2:00 P.M. In the commodity world the Grains are trading weather...
Testing the WatersSaudi Arabia was testing the waters by sending a signal that the kingdom might cut crude exports by 1.0 million barrels to shock and awe oil out of this sideways trading range ahead...
Gold today: New York closed yesterday at $1,242.10.London opened at $1,239.00 today. Overall the dollar was stronger against global currencies, early today. Before London’s opening: The GBP/USD...
Natural Gas futures price seems to be facing tough resistance at the current levels. Emergence of small rallies seems to trap the Bulls only. Amid growing volatility before the impending inventory...
On the early morning of July 18, the Financial Times reported that an oil market consultant told clients that Saudi Arabia would likely cut its exports by 1 million barrels per day in the near future....
Crude oil: Following the downtrend Original post
The GOP’s infighting weakens the dollar, boosting gold, whilst oil consolidates its recent gains.OIL Oil flip flopped in a choppy one dollar range overnight with both Brent and WTI spot ending...
Key Points: Despite recent bullishness, gold should reverse rather shortly. The ongoing ABC wave is likely to enter its final stages. Losses should not extend past the 1180.05 handle Gold prices have...
Gold has posted gains for a third straight day, as the pair is up 0.67% in the Tuesday session. In the North American session, spot gold is trading at $1242.50 per ounce. In economic news, there are...
The gold price is trading higher for a 3rd straight day in today’s trading session and has clearly broken through what was formerly a strong resistance level as we can see by the lower line. The...
Last week, Iran announced through Deputy Oil Minister Amir Hossein Zamaninia that oil production in the country might hit around four million barrels a day before the year ends. The Islamic republic...
Weather Is the FocusToday we have the weekly API Energy Stocks which could change the balance of the table. In the commodities I write in this market letter we could see the weather as a major game...
Gold today: New York closed yesterday at $1,234.00.London opened at $1,237.00 today. Overall the dollar was much weaker against global currencies, early today. Before London’s opening: The...
Oil CracksOil prices are trying to recover on a weak dollar after selling off yesterday on the August oil future contract expiration. Also on a prediction by the Energy Information Administration...
On analysis of the movement of Natural Gas futures price on July 18th, I find a tough resistance at $3.087 seems evident enough to form an Exhaustive Candle tonight. A downward move below $3,10 will...