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Dubai Mercantile Exchange (DME) Oman crude oil prices edged lower on Tuesday, but steadied above the $70-a-barrel mark. Prices have declined nearly 9% in the last five trading sessions as OPEC’s...
Gold prices fell and consolidated above $1,200 an ounce on Tuesday following yesterday’s rally, due to investors betting on lower prices after the Swiss referendum on raising gold...
Oil prices continued its correction to the upside on Tuesday capping its sharp losses in response to the Organization of Petroleum Exporting Countries (OPEC)’s decision to maintain...
Crude oil is still trading negatively closing the daily candle below 67.75, which support extending the overall downside move especially after finding a strong resistance formed by the previously...
Silver continued trading yesterday above the support 16.00 which is considered positive today. Trading also above 16.27 is more positive. But the metal should breach 161.8% correction at 16.78 to...
Gold remained limited yesterday above the minor support 1190.00, and we notice today that the price is stable around the psychological barrier 1200.00. In fact, stabilizing above the barrier is...
Gold traders have been on a wild ride lately and it looks like it could continue with plenty of events on the economic calendar this week.The Rollercoaster has seen gold prices swing between $1140 and...
CLCrude Oil resumed its declines, as West Texas Intermediate fell 3.1 percent. Crude has collapsed into a bear market amid the highest U.S. output in more than three decades and signs of slowing...
Prices are finding support at USD 113.75, as oversold weekly and monthly studies develop. Any further weakness into December is expected to be limited, with a break down to USD 1100.00 not seen....
Gold enthusiasts around the world are trying to figure out what just happened in the gold market. The price action has been dramatic, and I think I can shed some fairly bright light on the...
It is these unforeseeable and uncontrollable consequences that are poised to wreak havoc on the global financial system. Here's the thing about risk: it bursts out of whatever is deemed...
I’m an economist by training. I’ve seen pictures of oil rigs, but never seen one up close. As an economist, I have a tendency to use seasonally adjusted data to analyze the economy. For...
Gold for Wednesday, December 3, 2014 After making repeated runs at the resistance level at $1200 and failing every time, gold fell sharply away a few days ago before surging higher again in the...
Investors in oil and Natural Gas saw world prices for fossil fuels decline even further with the latest action by Saudi Arabia. Oil is now at a lower point in price than has been seen in more than...
Dominant technical pattern is a 3.5-year head-and-shoulders top on the weekly 2014/15 crop-year chart.H&S top retest on the daily chart could spell the start of the decline toward $8. The...