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Main scenario:The pair is trading along an downtrend.The downtrend may be expected to continue in case the market drops below support level 1190, which will be followed by reaching support level...
CLCrude Oil prices rose on Wednesday after data revealed that U.S. inventories fell last week, which alleviated concerns of a supply glut. The U.S. Energy Information Administration said in its weekly...
The Lundin Group is one of the most accomplished resource development groups on the planet. They have a long history of going into tough political jurisdictions, taking advantage of the discounts...
Gold for Thursday, December 18, 2014The last week or so has seen gold ease lower away from the resistance level at $1240 back down to find support at $1220 however a few days ago it fell sharply back...
Based on historical Gold-Oil ratios, oil appears extraordinarily cheap right now.One way to establish if a commodity or asset is relatively expensive or inexpensive is to price it in something other...
We now have November data compiled by Oil Market Intelligence on global oil demand and supply. The data show that world crude oil revenues and outlays, at an annual rate, plunged by $1.1 trillion from...
Oil has crashed and is now trading at roughly half the level it was just 6 months ago. There are winners and losers of course but that's not the point -- which is ...this is either the sign of a...
Crude oil has traded inside of rising-channel (A) for the past couple of decades and not even the financial crisis in 2009 could cause crude to break that rising channel's support. The break below the...
Gold is showing little movement, as the pair has been listless since sharp losses started off the week. In the European session, the spot price stands at $1198.03. In the US, the FOMC will release its...
Last weekend, in a special edition article I did on Elliottwavetrader.net, I addressed the inflation/deflation arguments we hear so much about regarding metals. Over the last several weeks of weakness...
Crude oil fell sharply again as the International Energy Agency (IEA) cut its forecast for global oil demand for the 5th time. The lack of demand has been attributed to weakening global conditions and...
Talking Points:US Dollar in Consolidation Mode Ahead FOMC Outcome S&P 500 Vulnerable to Deeper Losses After Support Break Gold Drop Pauses at Support , Crude Oil Drop Continues US DOLLAR...
CLCrude Oil prices edged higher on Tuesday in uneven trading even after a weak Chinese manufacturing gauge and soft U.S. housing numbers fuelled demand fears, as perceptions the commodity may be...
Crude oil prices continued to fall on Tuesday hitting new lows below $55 a barrel, due to the continued negative impact of statements from Saudi Arabia and UAE, along with IEA lowering forecasts of...
Crude oil is trading around Fibonacci level 161.8% at 55.60 for the upside move measured from 77.20 to 112.21, as 55.60 represent a significant support that determines the move on the long term,...