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Oil prices dropped on Wednesday, as the large increase in US oil inventories and a drop in demand from China, mean that global oil markets are overstaturated, despite OPEC's agreement wich other oil...
Good Morning!Reuters reported Brazil’s 2016-17 Soybean crop will reach a record 104.7 million tonnes, favored by good weather as the harvest intensifies in important growing regions. This news...
A 13.2 million barrel oil supply build! Where is all that oil coming from? Oil prices and RBOB gasoline prices are rebounding after the Energy Information Administration (EIA) reported that there was...
We’re less than a month into Donald Trump’s presidency. But Trump anxiety is already running wild.Before the 45th president took office, his critics often heard the same counterargument....
The gold price is range bound today, struggling to rack up its 6th straight day of gains as geo-political events keep a floor under the price.At 3.15pm (GMT) the gold price was trading at $1.236,...
GoldDaily remains in indecision phase for long run price movement direction due to prevailing Trump regime. Now two alternative possible price movement options get strong confluence to make long term...
Crude Oil: Support zone is clear Original post
Gold: Unstoppable towards the triangle neckline resistance Original post
Summary After a devastating price decline it appears OPEC remains at a disadvantage. US producers have become far more efficient since 2014. Recently announced OPEC production cuts are not going to be...
It's remarkable that oil has managed to hold its Jan.-Feb. Coil Support Line in the aftermath of two huge builds in the inventory data.However that said, I keep thinking that Saudi Arabia (and OPEC)...
Good Morning!The American Petroleum Institute (API) last night released data of builds of 14.2 million barrels of oil in one week. I do not know where they get their information but it may have...
Oil prices are getting hit on conflicting data that on one hand the Energy Information Administration (EIA) is showing that global oil inventories are tightening sooner than it previously expected but...
According to the American Petroleum Institute (API), crude oil inventories are up some 14.2 million barrels over the past week, an increase more than five times analysts’ forecast of a rise of...
Short-term Gold strength vs USD still showing upward momentum since the last uptrend started (blue arrow)
Gold: Political uncertainty boosts appetite for gold Macroeconomic overviewGold hit a new three-month high today, as political uncertainty in the United States stoked safe-haven demand. Given the...