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GoldMain scenario:Gold is trading along a sideways trend, where rebounding from support 1237 will start local uptrend to resistance level 1260. Alternative scenario:A downtrend will start as soon as...
Gold SMA20 at 1240.00 has limited the bearishness, while RSI stopped edging lower below 50.00. Meanwhile, the inclines also have been limited below 1260.00-1261.00 resistances; thus, we can’t be...
Oil trades near 41.40, which is a very decisive level today. Moving above this level is a positive factor and would extend the bullishness, but we can see signs of weakness on ADX and RSI. Hence, we...
Markets are sharply down in the EU since we had a sad attack on the Brussels airport. Markets are in the risk-off mode, since this event triggers flight to save heaven assets classes. During the day...
The cracks are beginning to show in China’s steel sector.Falling steel prices last year were matched more or less by falling input costs as iron ore and coking coal prices collapsed but, even...
Building owners and other construction project stakeholders should anticipate non-residential construction costs to increase 3% to 4% on average this year with most markets reporting robust activity...
Mining analyst Stephan Bogner published an update on Nickel One Resources Inc. (TSX.V: NNN) today. Two weeks ago on March 8, Nickel One Resources Inc. announced to have started a phase-1 drilling...
April Gold settles 1254.3 for the week down $5.10 ended March 18, 2016Gold edged lower Friday and ended the week slightly lower as the dollar steadied after suffering significant losses following the...
Ever since the ECB pronouncements of March 10, The Bullion Banks have been in full panic mode, desperate to cap and contain the 2016 rally before new highs are made. That this effort continues today...
US crude futures have posted gains on Monday, trading at $41.31 a barrel in the North American session. Brent crude futures are almost at an identical price, trading at $41.26. In economic news,...
Michael Ballanger dissects Friday's Commitment of Traders Report and whether it indicates bullish or bearish movements. Last night as I sat in the den looking at a picture of my 1970–1971 Saint...
Gold has started the week with losses, trading on Monday at a spot price of $1243.77 an ounce in the North American session. In economic news, today’s only event was US Existing Home Sales, with...
Bullish wedge breakout could lead WTI to $50 resistance. Original post
Crude OilShort term Elliottwave structure suggests dips to 35.98 on March 15 ended second wave ((X)). Rally from there is unfolding in a zigzag structure where wave (A) ended at 41.2, wave (B) ended...
The price of gold is a slave to market sentiment. How people feel about economic conditions, no matter how vague that feeling might be, is reflected in the price of the precious metal. Uncertainty and...