Brought to you by Options University. It seems that the global economy is taking its toll on our market here. Asian markets (Hang Seng Index) have been down over 6.4% since its…
Gold Daily Technical Outlook
Comex Gold (GC) Gold’s rebound was limited at 964.6 and retreated again. With 4 hours MACD crossed below signal line, intraday outlook is turned neutral again. The choppy look of the rise…
Silver Daily Technical Outlook
Comex Silver (SI) At this point, intraday bias in Silver remains on the upside and further rise could be seen to 15.185 resistance. Break there will confirm that whole rally from 12.435…
Potential Slowdown In China Growth Pressured Commodities
Crude oil price plunged -3.8% to settle at 69.96 Monday amid worries that credit tightening in China would dampen demand outlook. Stock markets also declined with Dow Jones Industrial Average and S&P…
Refiners In China At Risk As The Government May Delay Price Hike
Crude oil price rebounds to 70.2 in European morning as strong China PMI eases demand worries. Trading will likely remain thin before NY session opens. The US government will report ISM manufacturing…
Time to buy more gold?
Investors rushing back to stocks, currencies, and other risk-based assets are overlooking one of the greatest values in the market today… “The shortage of gold and silver coins and bars we experienced…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Short term outlook in Natural gas remains bearish. While some consolidation might be seen in near term, upside recovery is expected to be limited by 3.25/60 fibonacci resistance…
Silver Daily Technical Outlook
Comex Silver (SI) Intraday bias in Silver remains on the upside for the moment with 14.475 minor support intact. As discussed before, the break of 61.8% retracement of 15.185 to 13.495 at…
Crude Oil Price Retreats In Asia Amid Decline In Stock Markets
Crude oil price drops to 72.3 in Asia Monday as driven by decline in stock markets. Strength in Japanese yen after DPJ’s election victory and worse-than-expected earnings results by Chinese companies trigger…
Crude Extends Weakness As China Shares Tumble
WTI crude oil price plunges below 71 in European morning. In August, the benchmark contract probably stays flat or only edges slightly higher after modest decline in the previous month. Tumble in…