Comex Gold (GC) With 4 hours MACD crossed below signal line, an intraday top is in place at 1062.7 and some sideway trading might be seen. But downside should be contained above…
Silver Daily Technical Outlook
Comex Silver (SI) With 4 hours MACD crossed below signal line, an intraday top is in place and some consolidation could be seen. Nevertheless, pull back is expected to be contained above…
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…
Dollar’s Rebound Won’t Sustain as No Rate Hike from Fed Soon
Crude oil trades narrowly in European morning. As USD rebounds after Fed Chairman Ben Bernanke’s speech about policy tightening, commodities pare gains. In the energy complex, WTI crude oil pulls back to…
Gold Declines After the 5-day Rally. Correction Should Be Short-lived
Gold price rallied to 1062.7 before settling at 1056.3, +1.1%, as USD plummeted and crude oil soared. The yellow metal retreats to 1049 in Asia Friday, the first decline after surging for…
Why ETNs are Riskier Than They Look
by Ron Rowland Co-editor of Weiss Research’s International ETF Trader Mike Larson is off today, so he asked me to fill in for him. And one thing that I think Mike and…
How to Trade China with ETFs
by Ron Rowland Right now, China is celebrating 60 years of Communist party rule. Most of the party-goers aren’t old enough to remember anything else, of course, but that isn’t stopping the…
Commodities Strengthen as USD Slides
Crude oil price hovers around 70 in European morning as weakness in USD boosts demand for commodities. Stock markets continue to advance after RBA’s rate hike Tuesday as this signaled economic recovery….
Crude Oil Recovers after the Plunge. Nr-term Outlook Remains Worrisome
WTI crude oil plummeted after a 2-day rally as petroleum product inventories increased more than expected. The benchmark contract slid -1.8% to close at 69.57. Others in the energy complex also dropped…