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The Mainstream media continues to delude the public into believing cheap shale oil production will make the United States energy independent. We now see articles suggesting that Americans will no...
Good Morning,Is the Natural Gas rally Seward’s Folly or is it sustainable, here, in shoulder season heading into summe. This morning we have the weekly EIA Gas Storage report and the Thomson...
RBOB gas futures were rip roaring, driving ethanol and crude along with it after the Energy Information Administration (EIA) reported a 3.7 million barrel drop in crude oil supply and another surge...
There's little doubt that gold is now in a bull market. However, the metal is stuck in a complex sideways triangular consolidation pattern that may continue for the rest of 2017.
1) As shown in the figure, crude is holding the support line (ABCD) and the resistance line at $51.50. 2) Now at point D in the daily chart crude made a low around $47 and tested that level 2 times...
Nasdaq outperforms while Dow extends lossesUS stock market edged higher on Wednesday lifted by energy stocks. The dollar strengthened on Federal Reserve officials’ hawkish comments: the live...
Yesterday, Brent crude oil strengthened due to the publication of the U.S. Energy Ministry's report on a weekly change in oil and petroleum products. The reserves of crude oil increased by 867K...
Brent crude has found a new lease of life in the last 24 hours, having come under significant pressure in recent weeks around what has turned out to be a significant level of support.So what spurred...
For now, crude oil longs can trust the fake breakdown below the 200-DMA, followed by a swift rebound, like the two other times the same pattern took place last year. Original post
Gold: No progress versus multiple resistance (descending trianlge neckline and 200-DMA). Neutral. Original post
European equity markets are expected to open a little higher on Thursday, a day after the UK formally notified its partners of 44 years of its intentions to leave the EU.The market reaction to the...
Precious metals expert Michael Ballanger discusses silver's recent price performance and why he believes precious metals are in alignment for a major ascent. Every stock market bull out there whether...
After featuring XAU/AUD (the ugly cousin?), over the last couple of weeks, a double top in XAU/USD has eventually brought us back home!First up we focus on the gold daily chart, featuring a nice...
We present our seasonal heating oil update which we will be following this closely throughout the season.We've used data based on the Energy Information Administration (EIA), which publishes price...