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Russia and Saudi Arabia have today committed to freezing oil output at levels close to a record high.The decision was a disappointment for the oil market and will not affect the current global...
It’s amazing how much time and effort is spent by some analysts in attempting to track the movements of gold between locations. It’s amazing because such analysis provides no useful...
Trades need to keep an open mind right now. This can go either way depending on what happens in the stock market. Gold could have another big leg up if stocks roll over and finish the 7 YCL, or gold...
Gold unexpectedly broke support at 1211/10 and now the most important support of the day is definitely 1200/1198. You will remember what an important level this was last week as we shorted a few times...
WTI crude holding above 3040/45 keeps the short term outlook to target a selling opportunity at 3145/55. Stop above 3195. An unexpected break above 3200 is a buy signal and targets 3245 then...
News that the Russian and Saudi Oil Ministers have agreed to hold talks about cutting oil production later today has sent Light Sweet Crude rallying above the US$31.00 per barrels in early morning...
Oil inclined as anticipated in our last technical update, approaching the resistance of the channel at 31.75-32.20. The positivity on ADX suggests additional upside actions, but RSI is nearing 70.00...
Oil is trading higher again this morning following reports that Saudi Arabia’s oil minister will meet with his Russian counterpart in Doha today, along with ministers from Qatar and Venezuela,...
After setting a new 12-year low on Thursday, WTI crude found some strength and jumped 10% to end the week around $29 barrel (down about 7% for the week); Brent followed a similar trend. Despite the...
Oil is at the lowest level relative to gold of the last 30 years, when the Fed data series begin. Deutsche Bank (DE:DBKGn) has calculated the series back to the Civil War. Based on their work, an...
Russia and Saudi Arabia are reportedly meeting (in secret – but not really) on Tuesday, February 16, in Doha, Qatar. The popular speculation is that this may be the long-awaited decision to cut...
It has been almost three months since we published “Gold May Have Found the Bottom” on November 16th, 2015. When gold was knocking on the door of the 1000-dollar mark and the fundamental...
Cheap banks loans, falling oil prices, and economic growth have supported a rising trend in automobile sales since 2009. This trend has been boosting demand for raw commodities used in the production...
Gold has bounced from the $1,050-$1,100 range it had traded in for a while and moved up about $150. I keep getting emails asking whether I think the $1,000 mark can still be broken.For those who have...
The Crude price is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is still skewed towards the downside. The price is trading above the 50 day and 100 day...