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It has been a good week for bullish crude oil traders so far, who saw the price of WTI move from $45.63 on Monday to as high as $48.40 as of this writing on Wednesday. According to MarketWatch, the...
The U.S. steel industry upped its production levels during the week ending July 22.In total, U.S. raw steel manufacturers produced 1.77 million net tons for that week, according to weekly data from...
Technical analyst Clive Maund charts the U.S. dollar and expects it to trade sideways for a while before continuing its downward trend.Because the dollar has such an important bearing on everything,...
Gold, silver and the USD Index didn’t do much in earlier this week, but that was not the case with mining stocks. The divergence between gold stocks and gold was particularly visible and the...
Key Points: Selling Pressure is likely to resume in the near-term. Long-term downtrend remains intact despite recent upswing. Losses should be capped around the 47.20 or 45.32 handles. Oil prices...
Below looks at copper futures on a monthly basis since the late 1980s. For much of the past 30 years, Doc Copper has remained inside of rising channel (1), reflecting that the long-term trend is up....
Zinc futures price seems ready to form an Exhaustive Candle, being near at the Double Top, before resuming a Downward Trend. On analysis of the movement of zinc futures price, I find that the...
Busy Day AheadToday we start the day with Consumer Confidence at 9:00 A.M., API Energy Stocks at 3:30 P.M and the FOMC Meeting today and tomorrow. On the Corn front the USDA Crop Progress was not...
On Friday, Trump’s press secretary Sean Spicer resigned. What does it mean for the gold market?You can say a lot about Trump’s administration, but one thing is certain: it does not run too...
Crude Oil: With the commodity taking back most of Friday losses on Monday and following through higher on Tuesday, a follow through higher is envisaged in the days ahead. On the downside, support...
Shale Pains and OPEC Oil prices are on the rise as Saudi Arabia pledges to reduce oil exports and the fact that US shale pains are becoming more obvious to the market. Halliburton (NYSE:HAL) is...
While the oil markets are attempting to maintain gains following the latest OPEC meeting, I remain unconvinced whether the outcome to the gathering actually means anything for the price of oil in the...
Gold is in one big sideways trend for most of this year but the failed test of resistance at 1260/61 signals the bear trend will now resume. If we are lucky enough to get close to 1259/61 today, exit...
WTI Crude shorts at 4715/20 worked perfectly on Monday and longs worked perfectly yesterday at the very best support for the day at 4560/50. Strong resistance at 4660/70 is the main challenge for...
US Futures are trading higher as investors are picking up momentum from Europe. The German IFO business confidence is one of the most closely watched data in the Eurozone and the number shows that the...