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Oil attempts to incline with a stable move 48.90 after failing to stabilize below SMA20 yesterday. Bullish candles have been formed during the past two days and that is why we change our stance to be...
U.S. Automotive sales for May came in at 17.45 million. Down from April but also down from 17.8 million a year earlier. In May 2015, vehicle sales were a record 17.47 million vehicles, according to...
Gold is trading above the $1,200 area and has made a double bottom at $1,206. Breaking below this level will push the price towards $1,190. Upside targets are $1,230 and $1,260. We are close to a...
Gold is falling sharply which now looks like an extended five wave drop from 1288 so whole decline from 1303 is probably impulsive. As such, we are looking at wave 3) that found support around 1200...
As we approach this month’s Federal Open Market Committee meeting, all eyes are once again on the Federal Reserve.Improving economic data has prompted some increasingly hawkish comments by Fed...
A recent Bloomberg story indicates that in a world awash in cheap crude oil, traders are now storing the stuff at a loss, at sea, on board vessels in the Straits of Malacca. Further, they are going...
July crude oil sold off as US traders came on board on Thursday morning (June 2) testing trendline support at 48.01 as it traded down to 47.97 on OPEC’s failure to agree on any production limits...
Many investors know about the different components that make up precious metal stocks – silver, platinum, gold and palladium.You don’t usually hear a lot about palladium, however...
Beans in the Teens?The Grain complex was under pressure early and rallied and rolled like a juggernaut and closed on the highs at day sessions close. I look for continued strength in this complex as...
Cocoa prices advanced and got back into the rising trend. Cote-d’Ivoire is planning to raise the local tax for cocoa crushing plants by almost 70% from $0.07 to $0.12 per kg. Market participants...
OPEC Surprise?The OPEC meeting in Vienna just got a lot more interesting. Saudi Arabia and their new oil minister Khalid Al-Fali wanting to show its softer side and repair diplomatic damage done that...
Gold weakened during May by about $100, from a high point of $1300 to a low of $1200.This, for technical analysts, is entirely within the normal correction zone of a third to two-thirds of the...
What: 169th OPEC Meeting Recap When: June 2, 2016 Where: Vienna, Austria Key participants and issues: Saudi Arabia: Khalid al-Falih, the newly appointed Saudi oil minister, moved oil prices when he...
GoldTrading below 1219.00-1220.00 in addition to the negative crossover on moving averages keeps the bearishness valid as far as 1242.00 hold. We will avoid trading as risk versus reward ratio is...
OilSome bullish attempts are towards 50.00 psychological are to be seen and we may witness additional upside actions with a stable moves above 48.90. We can’t depend on that to be bullish as...