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Gold is Forming a Head and Shoulders at 1200 Before a Right Shoulder Attempt on its Potential Inverse H&S Gold is back at 1200 at the neckline of its potential H&S at VWAP of the big pink...
Crude oil has been trading quite nicely in the last month or so, as five waves from the end of wave 4) are nicely visible on the 4h chart. We believe that after recognizing a triangle correction in...
Grain futures are growing in price amid bad weather in the US, flood in Argentina and drought in Brazil. Corn prices reached the 10-month high. Soybeans are slightly below the 20-month high. The soy...
Weather Calamities Should Rally CommoditiesDevastating rains and floods caused havoc this Memorial Day weekend. My Bonnie did not lie over the ocean for long, and her wrath was felt in North Carolina...
Going HigherMore bulls are getting on the crude oil bandwagon as it is clear that the path to market balance is getting closer every day. Investment banks surveyed by The Wall Street Journal hiked...
Gold failed to achieve a daily closing below 1205.00, but it is still stable below 1219.00, which may cause a new bearish attempt, as this level is 38.2% Fibonacci. On the downside, coming below...
As the June 2 OPEC meeting approaches, the big question oil watchers are asking is, “Does OPEC still matter?” The answer, however unpopular, is, “yes, OPEC still matters.”...
The voice of complacency says no pullback in gold. Anyone who took profits will not get a chance to reenter. Here is the chart.Clearly this analyst was expecting gold to soon take out the 2014 high....
NG marginally above its 200-day SMA for the first time in about 1 1/2 yearsOriginal post
Gold: some rebound could be expectedOriginal post
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 now looking at wave 3) that can be looking for a...
Two factors dragged metal prices down this month. First, the Chinese government recently played down expectations of further stimulus while fighting speculation by increasing margins and fees for...
As the Organization of the Petroleum Exporting Countries (OPEC) will not likely succeed at its second attempt to convince the major oil kingpins to act on the oversupply concern in the market, oil...
Gold is showing little movement on Monday, trading at a spot price of $1206.20 an ounce in the North American session. Earlier in the day, gold touched below the symbolic $1200 level. In the US,...
US crude is unchanged on Monday, continuing the lack of movement which has characterized the commodity since late last week. Crude is trading at $49.47 in the North American session. Brent crude is...