By Andy Hecht, Editor, Trader Hunter & Commodity Trend Alert Dear Sovereign Investor, I attended a banquet in Beijing in 1989, not long after the Tiananmen Square massacre. It was a strange…
Tag: Commodities
Commodity Prices Generally Lower Ahead of Non-farm Payrolls
World markets generally head lower ahead of release of US non-farm payrolls. WTI crude oil slides for a 3rd consecutive day as investors worry that poor employment data may signal delay in…
This Commodity is Poised to Outshine Gold
Gold has been grabbing all the headlines lately as the price for the precious metal has hit record highs. In the weeks and months to come, however, you’re going to be hearing…
Industry Estimates Showed Huge Decline in Crude Inventory
Crude oil price climbed higher yesterday after the American Petroleum Institute reported huge decline in crude inventory last week. The benchmark contract added +0.3% to close 79.14. In Asian session today, price…
Crude Breaks Above 80 Again As Investors Speculate Pleasant Surprise from Energy Department
Crude oil rises above 80 (intra-day high: 80.23) in European morning. Investors are awaiting the EIA’s inventory report. As the market anticipates modest build in crude oil inventory, a surprising draw could…
Dow Jones Commodity Index Fund Trading Opportunity
Dow Jones Commodity Index Fund – This index tracks the entire commodity market as a whole. Over the past two years we have seen commodities drop in value substantially. The good news…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil’s rally extends further today and the break of 73.16 resistance indicates that fall from 75.0 has completed at 65.05 already. The corrective three wave structure in…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Intraday bias in Natural Gas remains neutral for the moment and some more consolidation might be seen. Nevertheless short term outlook will remain bullish as long as 4.351…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil edged higher to 72.55 but upside momentum remains unconvincing. Nevertheless, another rise is still mildly in favor with 68.16 support intact. Break of 73.16 will indicate…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) No change in natural gas’ outlook so far. While some more sideway trading might be seen, further rise is expected with 4.351 minor support intact. Current rebound from…