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With winter coming to a close, we are nearing the end of the heating oil season. This year's winter was warmer than average and saw a continued drop in heating oil prices, but with a slight uptick...
The weekly Crude Oil Inventory Report showed a huge build in supply, which has renewed pressure on oil prices atop its 61% February-March recovery rally.Since Tuesday's high at $41.90, Oil has rolled...
After breaking out of its recent base, oil has been on a roll, breaking out of its rising channel and crushing the hopes and dreams of bears longing for $20 oil.Now the question is, do the bears have...
The end is never as satisfying as the journey. To have achieved everything but to have done so without integrity and excitement is to have achieved nothing. ~ Anonymous Source: Bloomberg The data...
Editor's Note: Desktop users - After reading the article below, please take a few additional minutes to participate in the survey at the end of this post.Saudi Aramco and Royal Dutch Shell (NYSE:RDSa)...
Gold Topping Process When gold broke through the top of its blue rising megaphone back on February 11, it began a topping process that will ultimately take gold back to at least the rising megaphone...
Good Morning!The oil inventories rose 8.8 million barrels according to the API data. The market seemed to act like it was water of a ducks back with the terror ongoing terror attacks in Belgium and...
Oil is Likely Forming a Megaphone Right Shoulder on H&S Top for Blue Rising Megaphone Crude oil is working on a megaphone (orange) within a likely larger bottoming megaphone. Right now it’s...
Not so fast! While many traders have already been riding the gravy train in silver, you might call me late to the game. And if you look at the price action over the last 12 months, that is a fair...
Gold: With gold selling off strongly on Wednesday, further weakness is likely. This leaves the 1,225.71 level as the next support. On the downside, support comes in at the 1,220.00 level, where a...
Gold declined sharply, breaching through SMA20 at 1240.00, which may assist bears to target 1220.00 - 1219, and a break below these levels will accelerate. RSI attempts to hit 50.00, while ADX...
Oil failed to stabilize above 41.40 –Fib. Of 61.8%- and started to trade below SMA20. ADX shows increase in bearishness, while RSI fails to breach 50.00 levels, and thus, we will be neutral as...
After failing to go well past $40 in its relief rally, crude oil is stuck between a rock and a hard place. On the one hand, OPEC ministers keep promising a meeting that they refer to as if it were the...
Net position of silver. Source: Reuters. Net positions in silver have increased with prices of all industrial metals but this precious metal still hasn’t taken off like gold has. Net speculative...
America was built by “citizen champions”. Should the current gold price action be described in a similar way, as a “rally of champions”? I think so.Technically, gold is...