Hey, I hope you liked the video from Options University I sent you yesterday. You probably discovered some thought-provoking facts about options trading you never heard of before. Not to mention how…
Gold Daily Technical Outlook
Comex Gold (GC) As discussed before, Gold’s retreat from 1025.8 might have completed at 985.5 already. Intraday bias is mildly on the upside for a retest of 1025.8 high. Nevertheless, note that…
Silver Daily Technical Outlook
Comex Silver (SI) Silver’s rebound from 15.74 is still in progress and further rise could be seen. But still, risk remains on the downside as long as 17.345 minor resistance holds. Below…
Crude Oil Daily Technical Outlook
Nymex Crude Oil (CL) Crude oil’s strong rebound from 65.05 is still in progress and breaches 70 level. The impulsive look of the rebound dampens our bearish view and in turn argue…
Natural Gas Daily Technical Outlook
Nymex Natural Gas (NG) Intraday bias in natural gas is turned neutral for the moment and some consolidations might be seen. Nevertheless, as discussed before, a bottom should be formed at 2.409…
Oil Price Has Little Change Depsite IMF’s Upgrades
Hovering around 70, the benchmark contract for crude oil changes little ahead of US opening. IMF’s upgrades on economic forecasts and OPEC’s production cut in September are bullish factors but investors probably…
Strengthening in WTI Timespread Signals Further Draws in Cushing Stocks
Crude oil rallied +5.8% to settle at 70.61 Wednesday as gasoline stockpile surprisingly drew last week. Although the inventory data were mixed with crude inventory rising more than forecasts while distillate gaining…
Crude Oil Price Reacted Mildly Positive to Less-than-expected Distiallte Stock Gain
Crude oil inventory rose +2.8 mmb, compared with consensus of +2 mmb increase, to 338.4 mmb in the week ended September 29. The good thing is Cushing stock recorded significant drop of…
Gold Sets New Monthly Record in Dollars, “Panic Buying” Absent
By: Adrian Ash from BullionVault London Gold Market Report The price of gold moved back above $1000 an ounce Wednesday morning in London, heading for its best-ever monthly average in Dollar as…
Red October
By: Larry LaBorde Get ready for next month. I always find myself approaching October with a little trepidation. As soon as all those 3rd quarter earnings (or lack thereof) start coming in…