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The usual OPEC suspects—Venezuela, Ecuador, and Kuwait—are pushing for a revival of the oil production freeze talks that took place last April in Doha, Qatar. As usual, any time someone in...
The monthly US employment reports have no relevance except for their influence on the Fed and market expectations regarding future Fed actions. The moderately strong employment data reported last...
Crude Oil is up 4.11% this month, 2.55% this week and 0.54% today. Bulls have got this.Yesterday we talked about how important the 42.50 level was for bears; not only because it was a previous low...
The oil market on Monday continued the growth path that it was on after switching from a falling trend last week. On 8th August, Brent rose 1.7%, breaking the important $45 per barrel level and...
While demand for iron ore is up in China, the Philippines has shut down its only producer.Chinese Iron Ore Imports IncreaseOn July 19th, the iron ore benchmark for immediate delivery to China’s...
It’s been a relatively quiet start to the week in the markets but traders will be closely tracking some key economic data releases on Tuesday, as well as moves in oil which has come off its lows...
GoldGold had a very quiet day and it only had a range of $7 or 0.5%. This means it is digesting the move and we could see some capitulation here. It is right in front of support near 1335 and could...
Gold is one of the rarest elements in the world, making up roughly 0.003 parts per million of the earth’s crust. (For some perspective, one part per million, when converted into time, is...
This Great Graphic from Bloomberg shows the September light sweet crude-oil futures contract since peaking in early June near $52.75. It reached a low last week of about $39.20. The turn last week...
Jeff Wilson reporting for Bloomberg said that samples taken from corn fields in three northeast counties of Eastern Nebraska showed averages of 149.9 bushels per acre down from 183.6 in 2015. Corn...
On the 4h chart of corn we are observing a nice higher degree decline taking place, with price now ideally trading in black wave 3, specifically in a correction in blue wave ii. If that is the case,...
Gold Has High Odds Of Putting In A Triangle Right Shoulder On Its Head And Shoulders.Gold is trying to work its way back to its head-and-shoulders neckline (red). This pause, en route to an obvious...
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...
After over two weeks of oil falling, last week (from 2nd August) saw things turn around. The growth continued on Friday (5th August), albeit without much gusto: Brent nudged up 0.5%. Nevertheless, oil...