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OPEC said on Tuesday oil inventories had continued to rise despite the start of a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting...
Crude oil after touching the lowest level of $47.90 on March 13th , 2017 seems ready to break its first resistance level from $50.70 to $51.30 before the announce of impending crude oil inventory on...
As one might misquote Mark Twain, we have been here before.In 2016, analysts were queued up to predict the iron ore price was going to collapse only for it continue its relentless rise. The recent...
In this report I would like to show you a chart pattern that seems to be showing up in a lot of different areas of the markets, in particular the commodities complex. We looked at some of those that...
Crude could take some rest on the trendline below: Original post
NG still in the comfort of the ascending channel Original post
It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are down two cents each from last week. According to...
Natural Gas futures price seems to be taking a good support at the level, from $2.992 to $3.017, a good resistive zone during its recent uptrend started since March 7th, 2017, has turned now into a...
By far the most important market this past week was crude oil. With a mini-crash of 12 percent it could spell the start of a new trend, potentially the start of turmoil in markets, as explained last...
The low oil price continues to wreak financial havoc on the largest oil producer in the Middle East. While the Mainstream press has published articles forecasting a rebound in Saudi Arabia’s...
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to...
Silver is approaching support. source: investing.com
4-Hour Crude Oil hit a new reaction low at $47.90 in Monday's pre-market trading, down from $53.80 on March 7 (last Tuesday), or -11%.My near-term pattern and momentum work argue in favor of the start...
Last week's move in crude oil, down over 8.8%, was triggered by new record high US inventory data and news that OPEC production cuts are near 85% compliance have prompted a breakdown. We have been...
Gold is likely to test support (see chart). source: investing.com