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Testing the WatersSaudi Arabia was testing the waters by sending a signal that the kingdom might cut crude exports by 1.0 million barrels to shock and awe oil out of this sideways trading range ahead...
Gold today: New York closed yesterday at $1,242.10.London opened at $1,239.00 today. Overall the dollar was stronger against global currencies, early today. Before London’s opening: The GBP/USD...
Natural Gas futures price seems to be facing tough resistance at the current levels. Emergence of small rallies seems to trap the Bulls only. Amid growing volatility before the impending inventory...
On the early morning of July 18, the Financial Times reported that an oil market consultant told clients that Saudi Arabia would likely cut its exports by 1 million barrels per day in the near future....
Crude oil: Following the downtrend Original post
Ample time to prepare some new gold shorts Original post
Key Points: Despite recent bullishness, gold should reverse rather shortly. The ongoing ABC wave is likely to enter its final stages. Losses should not extend past the 1180.05 handle Gold prices have...
Key Points: Silver continues to see supply/demand deficits in 2016. RSI Oscillator trending higher within neutral territory. Near completion of 5-drive suggests we could see a bullish wave. Silver has...
The gold price is trading higher for a 3rd straight day in today’s trading session and has clearly broken through what was formerly a strong resistance level as we can see by the lower line. The...
Last week, Iran announced through Deputy Oil Minister Amir Hossein Zamaninia that oil production in the country might hit around four million barrels a day before the year ends. The Islamic republic...
Weather Is the FocusToday we have the weekly API Energy Stocks which could change the balance of the table. In the commodities I write in this market letter we could see the weather as a major game...
Gold today: New York closed yesterday at $1,234.00.London opened at $1,237.00 today. Overall the dollar was much weaker against global currencies, early today. Before London’s opening: The...
Oil CracksOil prices are trying to recover on a weak dollar after selling off yesterday on the August oil future contract expiration. Also on a prediction by the Energy Information Administration...
On analysis of the movement of Natural Gas futures price on July 18th, I find a tough resistance at $3.087 seems evident enough to form an Exhaustive Candle tonight. A downward move below $3,10 will...
What is already a global copper deficit could worsen this year with more mines expected to be affected by worker strikes in the coming months.According to a report by Reuters, South American copper...