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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...
April crude oil continued its downward push yesterday trading past the 13 DMA (36.11) to 35.96 before finding support and settling at 36.34. Price once again traded in a range after settlement as...
The Department of Commerce announced today its affirmative preliminary determinations in the anti-dumping duty investigations of hot-rolled steel flat products from Australia, Brazil, Japan, Korea,...
If gold is going to produce one last pop to test 1308 this should be the opportunity to do it.
Costs for servicing oil projects have pulled back considerably after a nice decade of price spikes, but oil servicing costs are going to rise again, necessitating higher oil prices to justify capital...
Natural Gas: Selling the rally to the first Fibonacci and trend resistance level (around 1,94). Original post
WTI continued to move lower on comments form the Bank of Japan (BOJ), reduced global demand, increased Iranian output, poor United States retail sales and an expected build (increase) in crude oil...
Heavy commodities and light economic data weigh on stocksTwo consecutive days of sharp crude oil declines reminded traders of the chaos energy markets inflict on the financial markets. As a result,...
As it often does, gold is pausing ahead of this week’s FOMC meeting. I don’t expect Janet Yellen to raise rates this week, although recent jobs reports and the oil price rally are likely...
Gold has rallied over the past couple of months, taking it to the mid-range of a 5-year falling channel at (1) above. This is a weekly chart and last week while hitting resistance, Gold might have...