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Good Morning! As we hunker down and wait to see what weather risk is next, Mother Nature is far from done in showing who the boss is. On the Grain front whispers of China tendering a large offer to...
On the 4H chart of Cotton we are observing an idea, where a corrective retracement is taking place. Here we believe this correction, wave iv) may see support and a reversal higher around the 38.2 or...
Royal Dutch Shell (LON:RDSa) earnings missed expectations by a billion dollars and the result may be more cutbacks in capital spending. That was a 72% drop in profits. The big miss follows...
Good morning, everyone. I’m pleased to see gold (precious metals being the only sector who bullishness I applaud) is continuing to march higher at a steady pace. A vote for gold is a vote...
Crude Oil continued the downward channel and broke below the lower-bound and now is overlapping with the previous high that needs to be labelled wave a instead of wave 1. Crude 4H Chart - July 28,...
Gold sees nice rebound from support Original post
Crude oil had a very strong move higher off of a bottom at the beginning of the year. 6 months into the rally it had moved almost 100% higher. Everything was looking up. And then it started to roll...
Gold price has bounced towards $1,350 as we expected after breaking above $1,325. Price has reached the 50% retracement of the decline from $1,375 and is expected to reverse lower again to new lows...
Domestic oil inventory rose in the latest week, updates from the US EIA show. That build broke a streak of nine consecutive weekly draws dating back to mid-May. It is not unusual for oil inventory to...
Cotton (via iPath Bloomberg Cotton Subindex Total Return Exp 24 Jun 2038 (NYSE:BAL)): Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise...
A new report attempts to quantify government subsidization of Chinese steel and the Fed has left interest rates alone again. Steel Associations Release Chinese Subsidy Report Five of the leading...
Gold As suggested yesterday, Gold broke the resistance at 1335 courtesy the Fed decision to leave interest rates unchanged. Gold looks very good for a long and looks set to take out 2016...
Gold outlook positive after a very accurate call on a low for the correction at 1314/13. We could hold above 1334/36 as I expect the bull trend to resume. As we wrote yesterday, a break higher is a...
WTI crude outlook negative despite oversold conditions but I'm watching closely for a buy signal. Until then we stick with the 2 month bear trend and holding below 4200/4195 re-targets the 4168...
The markets have a way of pushing you just beyond your limits, to get you to do the wrong thing at the wrong time before they reverse on a dime. The bearish sentiment from just a casual observation...