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Oil news is slow in the aftermath of last week’s OPEC+ meeting, but there are four issues oil traders should be looking at this week.1. Demand Still Conforms to Seasonal PatternsEven though...
An interesting split has formed in the U.S. natural gas trade on how cold January could be—a debate that has given legs to the market's rebound from three-month lows, while preventing it from...
Oil slips after another bright startOil started yesterday on the front foot but slipped as the US open approached and has been lower since. It’s been a remarable rally for crude in recent...
Do you want to know how gold will be doing soon? Or the USDX? You have to look at the German and French economies. You may ask “What? How can they be tied together?” Well, the...
Oil demand is coming back and the market seems to be ill-prepared. Crude oil prices closed above 53 dollars as bullish momentum is building as supplies tighten. Total CEO says he expects...
Silver just dropped about 10% in three trading days, and some are freaking out.I say just relax…and buy the dip.In late November, silver was trading at $22. By Jan. 6, it reached $27.80,...
Oil rally continues but may face resistance soonOil’s relentless rally is continuing, with crude prices up roughly 1.5% today, making fresh highs since the pandemic plunge. The rally will run...
The world is still battling a pandemic, the U.S. government is in turmoil and there’s no shortage of other events lurking on the global stage that could cause trouble for asset markets. Should...
Oil markets edge lower on profit-takingOil markets eased overnight as dollar strength spurred some profit-taking among speculative longs. Brent crude eased 0.65% to USD55.60 a barrel, and WTI fell by...
While I did not expect the metals’ rebound to lead to a breakout, I was a bit too sanguine in my last article.I did note the potential for a US dollar rally, which is underway, but should have...
A week or so ago, silver was all the rage. The talk ranged from an inflation indicator, to the industrial usage to the outperformance to gold as key. Then, last Friday, silver (and gold)...
With the gold miners underperforming gold, and gold underperforming the US Dollar Index, it was only a matter of time before the house of cards came crashing down.The writing has been on the wall all...
Being an oil bull is not as lonely as it was a few months ago as the bullish fundamentals are becoming clear even to the most die-hard bears. Despite skepticism that OPEC Plus could keep it...
Oil’s rally fades in AsiaOil had a positive session on Friday, both Brent and WTI recording over 3.0% gains boosted by Biden stimulus hopes. Risk aversion seen in other asset classes has set in...
Gold longs who loaded up at above $1,900 an ounce might be between a rock and a hard place this week. Just as perilous could be the case of oil bulls, with crude’s rally above $50 per barrel...