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US crude has posted losses on Tuesday, as March futures are trading just under the $29 level in the North American session. Brent crude futures are trading at $32.62. On the release front, another US...
Please note the question mark in the title. I am legitimately just asking the question and not attempting to imply that it is true. This question is based on what was written by Douglas Terry of...
Grains Ride The WaveChina woke up after its New Year’s celebration and the market rallied from the negativity that we have seen. Even with harvest ahead of schedule in South America the Grains...
Yesterday’s anticipations concerning the “secret” meeting between Saudi and Russian oil officials conducted in Doha were for the result to be an introductory commitment to decrease...
The Big FreezeA big meeting between Saudi Arabia, Russia, Venezuela and Qatar is leading to the big freeze! While word of the meeting spurred speculation that a production cut might be announced, what...
Russia and Saudi Arabia have today committed to freezing oil output at levels close to a record high.The decision was a disappointment for the oil market and will not affect the current global...
Trades need to keep an open mind right now. This can go either way depending on what happens in the stock market. Gold could have another big leg up if stocks roll over and finish the 7 YCL, or gold...
Gold unexpectedly broke support at 1211/10 and now the most important support of the day is definitely 1200/1198. You will remember what an important level this was last week as we shorted a few times...
News that the Russian and Saudi Oil Ministers have agreed to hold talks about cutting oil production later today has sent Light Sweet Crude rallying above the US$31.00 per barrels in early morning...
Gold hovers around 1200.00 psychological and below the main resistance line at 1197.00-1195.00. We see attempts to re-test the broken resistance-turned into support, but the negativity on RSI and...
Oil inclined as anticipated in our last technical update, approaching the resistance of the channel at 31.75-32.20. The positivity on ADX suggests additional upside actions, but RSI is nearing 70.00...
Oil is trading higher again this morning following reports that Saudi Arabia’s oil minister will meet with his Russian counterpart in Doha today, along with ministers from Qatar and Venezuela,...
Following on from our post Monday reporting on BP (L:BP)’s forward-looking Global Energy Outlook report we thought, with the current turmoil in the fracking industry bought on by OPEC induced...
After setting a new 12-year low on Thursday, WTI crude found some strength and jumped 10% to end the week around $29 barrel (down about 7% for the week); Brent followed a similar trend. Despite the...
Oil is at the lowest level relative to gold of the last 30 years, when the Fed data series begin. Deutsche Bank (DE:DBKGn) has calculated the series back to the Civil War. Based on their work, an...