Come join the bull oil party. The room was empty a few years ago but now everybody is jumping on the dance floor. Oil is a boom and bust market. Two years ago, we went bust and since then we are in a...
The oil price has remained close to a 3.5 year high in today’s trading session as the market digests the fallout from the economic sanctions reintroduced against Iran by US US President Donald...
Descending trend for the pair XAU/USD continues. Estimated pivot point is at a level of 1325.30. Main scenario: short positions will be relevant from corrections below the level of 1325.30 with a...
Global remittances represent one of the major international financial resources and a major source of revenue for the world’s poorest countries. Official remittances - remittances to developing...
We cannot value gold. It does not generate any cash flows, which we could discount. But it doesn’t mean that the price of gold changes randomly. Market sentiment is powerful in the precious...
Brent touched fresh November 2018 highs yesterday. The price quickly jumped to $80,50 but failed to hold above the psychological $80 threshold and staged a correction which was purely technical by...
Gold bearish below the price range Original post
Gold sell signal on the breakout on Tuesday so we sell into any bounce. Minor resistance at 1296/97 but the best selling opportunity is at 1302/06, with stops above 1312. However it is looking...
WTI Crude beat the 7180/89 high to top at 7230. Strong resistance at the 500 week moving average at 7300/7310 is looming just above and is causing some bulls to take profit as we struggle in severely...
Rising oil prices were seen last year as a positive result of growing global growth and recovery, but a combination of factors are turning this benign view into a more sinister scenario. On the supply...
Gold breaks down major support and crosses down 1305 $ , also we can see that Gold failed to break up the upper bounder in 1360- 70$, we can see very clearly on the charts - trading between...
On May 1, we knew that the precious-metals sector was starting a 2-week rally based on cyclical turning points, apex-based reversals and True Seasonality for May. The rally is over, the profits cashed...
The platinum price is very close to the previous bottom at 874 (the first support line). The lowest price is about 811 (the second support line). Buy July, platinum should be at 874. Take profit at...
For more than a week now, West Texas Intermediate crude oil has been trading north of $70 per barrel, a level we haven’t seen since November 2014. Gas prices are likewise trending up, as...
Since submission of my last analysis I think that crude oil futures continue to find tough resistance at $71.89 despite repeated attempt by oil bulls. The bulls’ futile attempts are enough to...
Since submission of my last analysis on the movement of Natural Gas, I find that its consolidation is in a tight range from $2.817 to $2.844 and shows the bulls’ eagerness to start shooting from...
