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Crude oil futures edged closer to $50 a barrel on Wednesday, with the US crude reaching its highest level in more than seven months after industry statistics implied a bigger than expected decline in...
A lot of analysts think that $50 a barrel oil is as good as it gets for 2016. We think there is a substantial short squeeze coming in the oil market as we take out $54 a barrel over the coming months....
It’s time for a short term bounce in gold, but don’t be fooled, the intermediate degree correction isn’t done yet. Gold has to generate at least one failed and left translated daily...
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year they collectively added 483 tonnes—the second largest annual total since...
From a technical, fundamental and seasonal perspective, the current gold-price correction is exactly what the doctor ordered. Note the position of the Stochastics oscillator at the bottom of the...
OPEC’s June meeting, scheduled to take place in Vienna, Austria on Thursday June 2, is still more than a week away, but the strategic political posturing by major oil producers is already...
Hip To Be BullishIt is suddenly hip to be bullish crude oil again. Bearish calls that oil could crash to $10.00 a barrel seem be off of the table. Talk that oil would never exceed $40.00 a barrel ever...
Bullish API Data Moves Crude OilThe API data showed bullish data on Crude oil, Distillates and a bearish number on Gasoline and the market took notice. Also bullish, Royal Dutch Shell (LON:RDSa)...
Gold continues to decline, approaching 1219.00 - Fib. of 50% - as seen on the provided daily chart. Technical indicators shows increase in bears’ power, while prices stabilize below moving...
Crude Oil inclined, stabilizing above 49.00. Stability above 48.90 is positive already and would extend the bullishness. Prices ignore the overbought signal on RSI, which is so close to 70.00 levels,...
Main scenario:The pair is trading along a downtrend with target on 1215, that may be expected to continue, while pair is trading below resistance level 1230. Alternative scenario:An uptrend will start...
Domestic HRC steel prices have surged 67% since they hit a floor just six months ago.The duties imposed on steel products caused imports to taper down in a big way this year, and U.S. steel mills now...
Prices dropped enough to confirm intermediate cycle tops in ALL metal sectors today. We expect prices to descend further into a June low and that bottom will form the next 6-month cycle low.US DOLLAR...
This is a good news/bad news story.Say you’re one of the many people who bought junior gold and silver mining stocks a few years ago — and then watched in horror as they fell day after...
July Crude Oil rallied today as traders ignored a stronger US dollar and indications that Canadian and Libyan supply disruptions are ending. Price traded to 48.93 before settling at 48.62 as traders...