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Bring On The ClownsHonestly, more and more that seems to be the best phrase to describe when waiting for these FOMC statements to be revealed. If we are not seeing a case of deliberate attempts to...
Main scenario:Gold is trading along a sideways trend between 1227 and resistance 1237.The downtrend may be expected to continue if the market drops below support level 1227, which will be followed by...
Gold inclines, hovering around 61.8% Fibonacci at 1260.00, and this is a decisive level for the next move. Trading above this level is required to prove the bullishness as the metal needs a break...
Oil stabilized above 38.50, which becomes a support, and that may extend the bullishness towards 61.8% Fibonacci at 41.40. In fact, RSI is touching 70.00, but the bullishness is favored, as prices...
Mark Bula, the chief commercial officer of Big River Steel spoke about his company’s soon-to-open, $1.5 billion steel mill in Osceola, Ark., at the Platts Steel Markets North America conference...
April crude oil had a strong rally on Wednesday as OPEC headlines dominated the early trade with Qatar’s Oil Minister said a production freeze can be implemented without Iran’s...
FundamentalsThe much anticipated meeting between OPEC and non-OPEC producers will be on the 17 April, however Iran may not be present. The country has clearly stated that it has no interest in...
Good Morning!The Grains are taking it on the chin again. No upward movement to be seen to farmers' chagrin. As costs mount with economic doubt moving product is a factor in daily activity. In the...
Gold took the exit ramp south Monday, meeting expectations that the nearly three month rally was poised to stall. With the Fed decision on the menu this afternoon, fresh near-term catalysts for gold...
Gold holding first support at 1225/24 but the outlook remains negative so any recovery is a selling opportunity with first resistance at 1233/34 then a good selling opportunity at 1239/40. Add to...
WTI crude has managed a good bounce to top just below 3710/3715. We are oversold short term so further gains not out of the question and target resistance at 3770/75. A good chance this will hold...
Gold stabilizes below SMA20 at 1235.00, which may bring additional downside movements. RSI14 and ADX show signs of weakness of bearish correction, but we will depend on the aforementioned stability...
Crude OilADX indicator started to show signs of a stronger bearish trend, while prices attempt to stabilize below SMA50 at 36.70-36.75 and below SMA20 at 37.15. Trading below 37.15 is negative and...
It’s small wonder Alcoa, Inc. (NYSE:AA) has moved to distance itself from its downstream activities.In spite of its shiny new ultra-low-cost joint venture primary smelter in Saudi Arabia,...
Copper prices climbed last week, due in part to a rally in oil.According a report from the Wall Street Journal, copper for May delivery was up 1.3% to $2.2575 a pound on the Comex division of the New...