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Oil prices sold off on Brexit fears and discrepancies on total oil supply between the Energy Information Administration Supply Report (EIA) and the American Petroleum Institute (API) report. This...
Gold support and resistance after multi month rally.Original post
Stabile trading below the SMA just 20, and around 1263.00 – 1264.00 price will be the proof for the down trend extension for gold price today. Although the price trading below 1281.00 could be...
After touching the previously breached ascending channel support level, crude oil price fell. However, trading remained limited in levels above 48.30. Currently, the price is trading above SMA 20, but...
Gold Near Two-Week Low On Cautious Optimism Ahead Of British Referendum ResultYellen said Wednesday before the House Financial Services Committee that the labor market remains in a healthy condition...
Crude oil has turned sharply lower a few days back, so it appears that five wave rally up from 35.19 is completed, thus a new three wave move down is underway. We are expecting a corrective decline,...
Examine the 30+ year graph of the gold to silver ratio – this is the Big Picture perspective.The ratio moves from low to high and back to low in long term patterns. I have shown the large scale...
The spot crude price action is playing out exactly how chart readers predicted. Spot crude topped out around the $52 per barrel level. That was a psychological resistance point because it was a...
Last Friday June 17 saw corn prices achieve new highs for the year at 449.0 new crop futures (Dec16). The bean market not to be undone rallied 30 cents. The main culprit for the rally was weather. Hot...
To no surprise, everything is lining up to either breakout higher or breakdown this week. I think bullish sentiment is relatively high, and the corrections into the May low's seemed inadequate....
Natural gas rises with warmer weather forecastNatural gas prices hit nine month high on expectations warmer weather will increase fuel demand for power generation as cooling demand rises. At the same...
Betting Against ItSometimes bookies come in handy. According to the bookies in London, the odds of the UK staying in the EU is over 80%. While the bets against a Brexit seem to be gaining momentum,...
Gold stocks need very specific conditions in order to perform well. The last time most of these conditions were present was during the Great Depression. However, conditions are currently shaping up to...
As investors prepare for more testimony to Congress from Janet Yellen and the Brexit vote tomorrow pressured crude oil to close lower on the day at yesterday’s 1:30 close. A bullish API...
I think we can safely assume the Brexit vote is going to fail. This should be bullish for stocks and bearish for the dollar. A falling dollar should be good for gold. However, with stocks and oil...