Nymex Crude Oil (CL) Crude oil’s consolidation from 67.43 is still in progress and further recover cannot be ruled out. But still, another fall is still in progress as long as 71.60…
Tag: Commodities
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Consolidations in natural gas is still in progress and further recovery cannot be ruled out. But after all, upside is expected to be limited below 50% retracement of…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil continues to stay in tight range above 64.73 as consolidation continues today. Some recovery might be seen, but after all, further decline is still in favor…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Natural gas’ recovery from 2.409 is still in progress and some more rise could still be seen, to 4 hours 55 EMA (now at 2.811) and above. But…
Narrow Trading Across The Board. CFTC Commitments Of Traders Saw Significant Decline In Crude Net Longs
Commodity prices trade narrowly Monday due to Labor Day holiday in the US. Crude oil price edges slightly higher to 68.12 from Friday’s close of 68.02. This week’s focus is on OPEC’s…
Thin Trading Seen In Commodities While Stocks Surge As G-20 Collaborate To Strengthen The Economy
Crude oil price continues hovering around 68 level in European morning. We believe thin trading remains throughout the as US and Canada are on public holidays. Stock markets in Asia and Europe…
Crude Oil Weekly Technical Outlook
Nymex Crude Oil (CL) Crude oil dropped further to as low as 67.43 last week before turning sideway. Initial bias is neutral this week and some sideway trading might be seen. Nevertheless,…
Natural Gas Weekly Technical Outlook
Nymex Natural Gas (NG) Natural gas dropped sharply to as low as 2.409 last week, meeting mentioned target of 2.50 projection level before rebounding strongly. Break of 2.755 minor resistance suggests that…
Gold Rallied For Another Day But Shy Of 1000
Gold’s rally accelerated after breaking through technical resistance. The benchmark contract surged to as high as 999.5, the highest level since February, before closing at 997.7. The precious metal jumped more than…
Base Metals Strengthen Further While Gold Retreats
Base metal complex extends further strength after the strong rally yesterday. LME lead for 3-month delivery, the best performer, jumps another +4.7% to 16-month high at 2387 after rising +7.8% Thursday. In…