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Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers to curb oil supplies.Consensus...
NG in a bullish channel, with multiple support between 3.12 and 3.09 Original post
Last week, WTI crude oil prices climbed to $53.74 a barrel, maintaining the uptrend from $47.08, which began a month ago. But instead of continuing to the north this week, the market tumbled to $50.06...
Gold Retreats As Political Tension Fades Away, Eyes on U.S. DataGold shed -$16.79 yesterday with a 1273.81 weekly fresh lows due to aggressive selling and abandoning buying positions, still above 200...
Gold key to direction today is good short term support at 1272/71. Watch for a possible bounce from here...perhaps to 1279/81. (It is worth keeping a core short position though). If you try a long,...
WTI Crude JUNE: Resistance at 5135/40 but 5180/90 the main challenge for bulls today. A high for the day possible but if we continue higher look for quite strong resistance at 5260/70. Shorts need...
Oil prices are recovering after a 3.8% decline on Wednesday. US gasoline showed an increase in storages, which spurred bearish bets for energy stocks, in yesterday’s trading session. Crude...
WTI crude was exposed to sharp losses on Wednesday, with prices tumbling towards $50 after an unexpected weekly climb in U.S gasoline supplies compounded with existing oversupply fears. Although some...
As longtime readers know, we love small caps here at Wall Street Daily — with good reason.During periods of economic expansion, small stocks often outperform blue chips by a wide margin. In...
Gold: Stops/targets on long/short positions Original post
Gold suffered its worst loss in over two weeks as profit taking ruled the day for the yellow metal as June futures settled at 1283.4 down . Recent inability to challenge 1300.0 an ounce basis June...
by Chaim Siegel of Elazar Advisors, LLCWe love to watch 'action' when it comes to the oil market. 'Action' is the trading tool comparing what should happen to what actually does happen. Oil is of...
Markets continue to trade generally calmly for the moment. US equities turned mixed overnight with DJIA losing another -118.79 pts or -0.58% to close at 20404.49. S&P 500 dropped -4.02 pts or...
Oil long positions culled after an ugly drop; gold continues to drift ahead of the weekend’s election.Oil Both Brent and WTI collapsed some 4% overnight in a straight line. Brent spot trading...
Theresa May has called a snap general election in the U.K. What does it imply for the gold market?Yesterday, Theresa May, the British prime minister, announced that she wanted to hold a snap general...